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Benchmark: COMEX
| Market | Local Price | USD/oz | 24h | Source | |
|---|---|---|---|---|---|
| 🇮🇳Multi Commodity Exchange of India | ₹15,077,903.70 | $4889.30 | +14.11% | — | Measured |
| 🇬🇧London Bullion Market | £3,192.80 | $4227.20 | -1.34% | — | Measured |
| 🇨🇳Shanghai Gold Exchange | CN¥924.82 | $4277.60 | — | — | Estimated |
0 – 5%
Lower difference bucket. This label describes magnitude only and does not measure supply, demand, or market efficiency.
5 – 10%
Middle difference bucket. Timing, FX, contract terms, taxes, liquidity, and data-source methodology may all affect the reading.
15%+
Largest difference bucket. The reading requires source and timestamp checks; its size alone does not identify a cause.
Note: A negative value means only that the normalized market observation was below the benchmark at the compared timestamps. It does not identify weak demand or excess supply.
The table on this page compares how gold prices in SGE (China), MCX (India) and LBMA (London) relate to a shared USD/oz spot benchmark. It is a reference view for cross-market comparison, not a buy/sell recommendation.
Differences between markets can reflect a combination of import duties, local supply-demand conditions, currency moves against the US dollar, trading hours, and the specific product spec traded on each exchange. A wider premium in one market does not automatically indicate stronger physical demand, and a lower premium does not automatically indicate a cross-border buying opportunity — shipping, tax, and dealer spreads usually consume the visible gap and often more.
When you look at the premium for a specific market, it is more useful to ask which of these inputs — duty change, currency move, festival season, supply-side event — moved at the same time, than to treat the number in isolation. This site publishes the raw daily readings; interpretation is left to the reader.