China is the world's largest gold consumer and producer. The Shanghai Gold Exchange (SGE) is Asia's benchmark for spot gold pricing. Chinese gold jewelry follows a 24K "pure gold" (足金) tradition with 999.9 fineness hallmarks. The People's Bank of China is also one of the world's largest central bank gold buyers.
Gold Price in China Today (CNY) — Live SGE 24K Rates Per Gram
View live gold prices in China in Chinese Yuan (CNY / RMB). Our tables show 24K, 22K, and 18K rates per gram and ounce based on international COMEX spot prices converted via the real-time USD/CNY exchange rate.
China is the world's largest gold market — both as the top producer (≈370 tonnes/year) and largest consumer (≈1,000 tonnes/year). The Shanghai Gold Exchange (SGE) sets domestic benchmark prices, which can differ from international London prices due to import controls and domestic demand surges.
Chinese gold jewelry buyers overwhelmingly prefer 999 or 999.9 fineness (足金, "pure gold") over the 22K standard common in South Asia. Premium branded stores like Chow Tai Fook and Lao Feng Xiang dominate the retail market. Investors increasingly buy SGE-certified gold bars and the Chinese Panda gold coins as long-term wealth preservation tools.
FAQ — China
What is the main gold exchange in China?
The Shanghai Gold Exchange (SGE), established in 2002, is the world's largest physical gold exchange by volume. It sets domestic benchmark prices and regulates gold trading in China.
What gold standard is preferred in China?
Chinese consumers strongly prefer 24K (足金, "pure gold") jewelry with 999 or 999.9 fineness. This is unlike South Asia where 22K dominates. Investment-grade 999.9 gold bars (like the Panda coin series) are also popular.
Are gold imports restricted in China?
Yes. China controls gold imports through licensed banks and does not allow unrestricted private import. This occasionally causes the SGE domestic price to trade at a premium to the international London price.
