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Shanghai Gold Price

Q: Why does the Shanghai premium matter?

It measures physical demand: a high premium over London spot means buyers are competing for real metal, which has preceded several major rallies.

Q: How do I convert SGE yuan/gram to USD/oz?

Multiply the CNY/gram price by 31.1035, then divide by the USD/CNY rate.

$4,013.80▾ −1.71% todayper troy ounce

Gold price updated every minute during market hours · Source: gold-api.com / CoinGecko · Last updated 08:04 UTC

Interactive chart by TradingView · Binance Markets

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GOLD CONVERSIONS

Troy ounce (31.10 g)	$4,013.80
Gram · 24K	$129.05
Gram · 22K	$118.21
Gram · 18K	$96.78
Tola · 24K (11.66 g)	$1,505.17
Kilogram	$129,046.57

The Shanghai Gold Exchange (SGE) sets the world's most important Asian gold benchmark, quoted in yuan per gram. Because China is the largest gold consumer, the SGE price — and its premium or discount to London spot — reveals real physical demand.

A rising Shanghai premium means Asian buyers are paying up for metal, historically a bullish signal. When the premium collapses, it often flags weakening Eastern demand even if Western paper markets look calm.

Frequently asked questions

What is the Shanghai gold price?−

The benchmark set on the Shanghai Gold Exchange, quoted in CNY per gram. It is the reference for physical gold across Asia.

Why does the Shanghai premium matter?+

How do I convert SGE yuan/gram to USD/oz?+

Shanghai Gold Price

GOLD CONVERSIONS

Frequently asked questions

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