China Gold Price Today - Shanghai Gold Premium (XAU)
Track the live China gold price from the Shanghai Gold Exchange (SGE) in real-time. Compare the Shanghai gold spot price (AU9999) with Western markets (COMEX, LBMA) and monitor the Shanghai Gold Premium - the key indicator of Chinese physical gold demand. Our live charts are updated every minute with data from China's largest precious metals exchange.
The Shanghai Gold Premium measures the price difference between gold in China and international markets. A positive premium indicates strong Chinese demand, while a negative premium (discount) suggests weaker demand. This metric is closely watched by global investors as China is the world's largest gold consumer and importer.
China Gold Price Today | Shanghai Premium
Track China gold prices from Shanghai Gold Exchange vs Western COMEX/LBMA spot prices in real-time
Prices for informational purposes only. Not financial advice. The site is still in beta and there may be inaccuracies.
Price Comparison
Shanghai vs Western gold spot prices ($/oz)
About the Shanghai Gold Premium
The Shanghai gold premium tracks the price differential between gold traded on the Shanghai Gold Exchange (SGE) and international Western markets like COMEX and LBMA. China is the world's largest gold consumer and importer, so the SGE premium is closely watched as a key indicator of Asian physical demand. A positive premium indicates strong domestic buying interest relative to global prices.
Why Gold Prices Differ in China
Gold prices in China often differ from Western markets due to several factors: import quotas managed by the People's Bank of China, strong local jewelry and investment demand, currency controls affecting the Yuan, and the physical delivery requirements on SGE versus the predominantly paper trading on COMEX. The USD/CNY exchange rate also significantly impacts the premium calculation.
SGE vs SHFE: Understanding Chinese Gold Exchanges
The Shanghai Gold Exchange (SGE) is China's primary spot market for physical gold, established in 2002 and operating under the supervision of the PBOC. The Shanghai Futures Exchange (SHFE) handles gold futures contracts. SGE's Au99.99 contract is the benchmark for Chinese gold pricing, while SHFE futures provide insight into forward pricing and speculative positioning.
Using the Gold Premium as a Market Indicator
A rising Shanghai gold premium often signals strong physical buying in China. Historically, premiums spike during Chinese holidays (Lunar New Year, Golden Week) and wedding seasons. Conversely, a declining or negative premium (discount) may indicate weakening Chinese demand or oversupply. Global investors monitor the Shanghai premium as a leading indicator of precious metals market sentiment.