Gold futures closed lower Thursday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for June 2021 delivery was down 1.68 yuan (about 26 U.S. cents) to close at 386.5 yuan a gram.

The total trading volume for seven listed gold futures contracts on the exchange was 171,505 lots, with a turnover of about 66.5 billion yuan.

China launched gold futures in January 2008.