SGE Trading Data
Shanghai Gold Exchange daily trading data, benchmark prices, and vault inventory
Gold
Track SGE gold spot and deferred contracts. Au99.99 is the primary gold spot contract; Au(T+D) is the most traded gold deferred contract.
Silver
Track SGE silver deferred and spot contracts. Ag(T+D) is the most actively traded silver contract on the exchange.
Platinum
Track the SGE platinum spot contract Pt99.95, the only platinum product available on the Shanghai Gold Exchange.
About the Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) is China's sole centralized marketplace for gold and precious metals trading, established in October 2002. As the world's largest physical gold exchange, the SGE handles more physical gold delivery than any other exchange globally. It offers spot contracts (Au99.99, Au99.95, Ag99.99, Pt99.95), deferred settlement contracts (Au(T+D), Ag(T+D)), and operates the Shanghai Gold and Silver Benchmark fixings.
SGE Trading vs Western Markets
SGE prices are quoted in Chinese yuan — gold and platinum per gram, silver per kilogram. The exchange operates from 9:00 AM to 3:30 PM CST with a night session from 8:00 PM to 2:30 AM. Unlike COMEX futures which are largely paper-settled, SGE contracts emphasize physical delivery. The SGE premium (or discount) to the London or New York price is closely watched as an indicator of Chinese physical demand.
Why SGE Data Matters
China is the world's largest gold consumer and producer. SGE trading data provides direct insight into Chinese gold demand and pricing dynamics. Au(T+D) open interest reflects speculative positioning, while physical delivery volumes through the SGE vaults indicate actual consumption. The Shanghai Gold Benchmark has become an increasingly important reference price for gold transactions in Asia.
SGE International Board
The SGE International Board (SGEI) was launched in September 2014 in the Shanghai Free Trade Zone, making it possible for foreign investors to trade yuan-denominated gold contracts for the first time. The International Board was a landmark development in China's efforts to internationalize both the gold market and the renminbi, allowing international banks, refiners, and institutional investors to participate directly in Shanghai gold pricing.
The primary contract on the International Board is iAu99.99, which mirrors the domestic Au99.99 contract but is accessible to foreign participants. Physical gold can be imported into or exported from the Free Trade Zone vaults, connecting China's domestic gold market to global supply chains. International members include major global banks and refiners.
In 2017, the Shanghai-Hong Kong Gold Connect was established, further linking the SGE to international markets through the Hong Kong exchange. This program allows Hong Kong and international investors to trade SGE gold contracts through a cross-border trading link, similar to the Stock Connect programs for equities. Together, the International Board and Gold Connect represent China's strategy to establish Shanghai as a global gold pricing center alongside London and New York.
Data Sources & Methodology
SGE trading data displayed on MetalCharts is sourced from the Shanghai Gold Exchange's official daily trading reports and weekly inventory publications. Daily data includes open, high, low, close prices, trading volume, turnover, and open interest for all active contracts across gold, silver, and platinum.
Shanghai Gold Benchmark (SHAU) and Silver Benchmark (SHAG) AM and PM fixing prices are collected from SGE benchmark auction results. Weekly delivery volumes and silver vault inventory data are sourced from SGE weekly reports published each Monday.
Data is updated daily after the SGE market close (3:30 PM CST / 7:30 AM UTC). USD-equivalent prices shown on overview cards are calculated using the prevailing CNY/USD exchange rate. All SGE data is available for gold, silver, and platinum sub-pages with historical charting.
Frequently Asked Questions
- What is the Shanghai Gold Exchange (SGE)?
- The Shanghai Gold Exchange (SGE) is China's primary gold and precious metals exchange, established in 2002. It is the world's largest physical gold exchange by trading volume and operates under the supervision of the People's Bank of China. The SGE offers spot, deferred, and benchmark pricing for gold, silver, and platinum.
- What is the Au(T+D) contract?
- Au(T+D) is the SGE's gold deferred settlement contract. Unlike futures, T+D contracts have no expiry date — positions can be held indefinitely by paying a daily carrying fee. It is the most actively traded gold contract on the SGE and is often used as a proxy for Chinese gold demand.
- What is the Shanghai Gold Benchmark?
- The Shanghai Gold Benchmark (SHAU) is a yuan-denominated gold fixing price set twice daily (AM and PM) since April 2016. It serves as the reference price for Chinese domestic gold transactions and is based on actual physical trading on the SGE. A silver benchmark (SHAG) was launched in October 2019.
- How does SGE pricing differ from COMEX/LBMA?
- SGE prices are quoted in Chinese yuan (CNY) per gram for gold and platinum, and per kilogram for silver. COMEX trades in USD per troy ounce and LBMA uses USD per troy ounce. SGE prices often trade at a premium or discount to international prices, reflecting Chinese domestic supply/demand dynamics.
- How often is SGE data updated?
- SGE trading data is updated daily after the market close (3:30 PM CST / 7:30 AM UTC). Benchmark prices are fixed twice daily. Weekly delivery and vault inventory reports are published each Monday.