Shanghai Gold Price at Discount to Spot Gold

Updated 6/11/21 @ 7:25 AM EST

Posted by Gregory Monte.

For graphs showing the physical gold & silver premiums as well as the current physical gold/silver ratios compared to spot, please go to my website:

Since the beginning of 2021, the Shanghai gold fix price has been at an almost continuous premium to the Spot price. But for some reason starting around 6/1/21, this has not been the case. Now Shanghai is lower than Spot as the above chart makes clear.

Not sure if this is just a temporary situation or the sign of some significant change in the market but I wanted to make sure all of my readers were aware of this situation.

You can keep track of the Shanghai vs. Spot/Physical relationship on my webpage here. I update the charts on that page every weekday morning.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: