Gold Price in China (CNY)
What gold actually costs in China
Real dealer prices — not spot converted to CNY — with the premium over international spot included when live spot and FX inputs are available.
China dealer gold prices are tracked from 1 source, priced in CNY, with the premium over international spot computed whenever live reference inputs are available.
Dealer quotes
| Source | Brand | Product | Sell | Buyback | Premium | Fetched |
|---|---|---|---|---|---|---|
| sge_cn | — | benchmark am | 893.94 | — | 0.28% | |
| sge_cn | — | benchmark pm | 895.60 | — | 0.47% |
What is premium over spot?
Premium over spot is the percentage gap between a dealer's quoted sell price and the international spot price, converted to CNY at the live exchange rate. It captures dealer margin, import costs, refining, and local demand — the reason two dealers in the same city can quote different prices for the same purity of gold. A higher premium means you're paying more above the raw metal value. The API includes a nullable field (premium_over_spot_bps) on every quote: it is computed when live spot, FX, and stated-purity inputs are available, and is otherwise null rather than fabricated.
Gold in China
China is one of the two largest gold-consuming countries in the world (alongside India), and the Shanghai Gold Exchange (SGE) benchmark is the domestic reference price that jewellers, bar dealers, and investment products across the country price against — playing a role similar to LBMA fixing internationally, but for the onshore CNY market specifically.
Convention: Shanghai Gold Exchange (SGE) benchmark, quoted per gram, the domestic reference the wider Chinese retail market prices against.
Other countries
Frequently asked
What is the Shanghai Gold Exchange (SGE) benchmark?
SGE is China's official gold exchange, and its benchmark fixing price is the domestic reference rate that Chinese jewellers, bar dealers, and gold-linked investment products price against.Why does the SGE price sometimes diverge from international spot?
Onshore Chinese gold demand, capital controls, and import quotas can push the SGE benchmark above or below the international spot price converted at the prevailing USD/CNY rate — the gap is what this API's premium-over-spot field measures.