Shanghai Gold vs. Spot and Physical Price

Updated 1/19/21 @ 8:30 AM EST

Graph start date is 4/1/20.

NOTE: The Shanghai price has been shifted back one day in order to account for the fact that it is 13 hours ahead of EST.

I decided to include this new page to my website so that visitors could see how the Shanghai price of gold compared to the SPOT and Physical Prices. From what I can tell, the Shanghai price has not varied very much from the SPOT price since I started keeping records on April 1, 2020. This suggests to me, again, that the system has not collapsed yet (but see percentage chart below for another perspective).

The Shanghai price is taken from Kitco and is an average of the AM and PM price fix.

The SPOT price is taken from Goldprice.org and is an average of all of the spot prices that I captured over the course of the day.

The Physical price is taken from Ebay.com and is also an average of all of the prices I recorded during the course of the day.


Shanghai Discount/Premium to Spot (Percentage)

Updated 1/19/21 @ 8:30 AM EST

The long term trend line (red) shows that the Shanghai discount to SPOT has been getting smaller since I started keeping records. The discount hit a low on 8/11/20 of -6.62%.

Shanghai Premium to SPOT on 1/19/21 @ 8:30 AM EST: 0.64%.

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