How to Read the Standard Gold Price — Au99.99 Lookup Guide
Au99.99 Standard Gold Price: Definition & Pricing Unit
Au99.99: Shanghai Gold Exchange spot standard gold reference price
The page shows the CNY-per-gram price from the exchange’s public delayed quote. It no longer converts from international gold prices and does not display any branded jewelry retail prices.
Why Branded Fine-Gold Jewelry Costs More Than the Standard Gold Price
Branded fine-gold jewelry typically runs 200–400 CNY per gram above the standard gold price
Jewelry retail prices at branded stores (e.g. Chow Tai Fook, Laofengxiang, Chow Sang Sang) usually include brand premium, workmanship fees, taxes and channel costs. With a standard price of 870 CNY/gram as an example, branded fine-gold jewelry typically retails between 1070–1270 CNY/gram. When buying gold jewelry, workmanship and brand-premium costs do not move in step with the gold price; when recycling, the value is based on the standard price and excludes the brand premium. The exact price depends on each store’s posted quote for that day.
Reference Gold Recycle Price Today (based on the standard price)
Estimated recycle price about ¥835.94 ~ ¥853.17 /g (97%–99% of the standard price)
Gold recycling prices are usually based on the day’s standard price and float with purity, weight and the recycling channel. Bank buyback prices tend to sit closest to the standard price, while branded stores and street recyclers can vary widely. When recycling, watch for depreciation, handling or loss fees. The final price comes from the recycler’s on-site inspection and weighing; this page only offers a reference estimate based on the standard gold price.
Gold Price Lookup Notes
This page shows the Shanghai Gold Exchange Au99.99 standard gold price reference, not branded jewelry retail prices. The standard price is the benchmark for raw gold; the fine-gold jewelry you see at Chow Tai Fook, Laofengxiang, Chow Sang Sang and other stores is usually 200–400 CNY/gram higher.
Branded store prices include brand premium, workmanship, taxes, channel costs and promotion policy. For actual buying, recycling or investing, always refer to prices published by official channels and trading institutions.
Data source: 上海黄金交易所 Au99.99 延时行情. Public market data may be slightly delayed; the price shown is the latest currently available quote.
Frequently Asked Questions
Q：How much is gold per gram today?
A：The page shows a delayed quote for the Au99.99 standard price from the Shanghai Gold Exchange, priced in CNY per gram. The standard price is the benchmark reference for the gold market; it is not the jewelry retail price at branded stores. Delayed quotes usually lag by a few minutes — for real-time trading data, refer to the official exchange figures.
Q：How is the gold recycling price calculated? How do I use the standard price as a reference?
A：Gold recycling prices are usually based on the day’s standard price; a common recycling rate is about 97%–99% of the standard price (depending on purity, weight and the recycling channel). For example, with a standard price of 870 CNY/gram, the reference recycle price is roughly 844–861 CNY/gram. Banks, branded jewelry stores and professional recyclers quote differently, so compare offers and watch for depreciation or handling fees.
Q：Why is the standard price so different from branded jewelry store prices?
A：Fine-gold retail prices at branded jewelry stores are usually 200–400 CNY/gram higher than the standard price. The difference comes from brand premium, workmanship, taxes and store operating costs. The standard price (Au99.99) is a reference for raw gold; when buying gold jewelry you pay additional workmanship and brand premium, while recycling values it at the standard price, excluding the brand premium.
Q：Investment gold bars vs fine-gold jewelry: which suits investing?
A：Investment gold bars (issued by banks such as ICBC, CCB, BOC) usually sell at the standard price plus a small premium (a few to a dozen CNY per gram), staying close to the raw-gold price with a tighter buy-sell spread and suit investing better than fine-gold jewelry. Fine-gold jewelry includes workmanship and brand premium, costs more to buy and is valued at the standard price when recycled, so it is not ideal as a pure investment. For wealth preservation, prioritize investment bars or SGE physical gold.
Q：Why do 24K, 18K and K-gold have different recycling prices?
A：Recycling only looks at purity and weight, not the original workmanship or brand premium. 24K (fine gold, about 99.9% purity) recycles at roughly 97% to 99% of the standard price; 18K is 75% gold, so its recycle price is about standard price times 75% then times 97% to 99% (minus loss); 14K is about 58.5%. Same weight, lower purity, lower recycle price.
Q：How to convert international gold price to domestic price?
A：International gold is quoted in USD per troy ounce, while domestic is CNY per gram. The conversion: domestic CNY/gram is about international USD/ounce times USD-RMB exchange rate divided by 31.1035 (1 troy ounce is about 31.1035 grams). Exchange-rate swings directly move the domestic price; use a currency converter tool to help with the math.
Q：How to read gold price trends? What moves the price?
A：Main drivers of domestic gold prices are the US Dollar Index and RMB rate, Fed rate policy, geopolitical safe-haven demand, inflation expectations, and central-bank buying versus market demand. Track the SGE Au99.99 daily quote and COMEX futures for short-term moves; long term, gold is driven by its safe-haven and monetary attributes.
Q：How is the price handled on market holidays? Why is it delayed?
A：The Shanghai Gold Exchange is closed on weekends and public holidays; during closures the page shows the most recent trading day delayed quote and updates after reopening. International gold (COMEX, LBMA) still trades offshore, so the domestic market may gap at the next open. The page shows a public delayed quote, typically a few minutes behind the live exchange price, for reference only; use official exchange data for real trading.
How to Read Gold Price Trends and What Moves the Price
Key factors behind domestic gold prices include the US Dollar Index and the RMB exchange rate, Fed rate policy, geopolitical safe-haven demand, inflation expectations, and central-bank buying. To track trends, check the SGE Au99.99 daily quote and COMEX gold futures. Investment gold bars (from major banks) sell at the standard price plus a small premium, closer to the raw price than fine-gold jewelry, and suit investing better; for 18K or K-gold recycling, value is based on gold content (18K is about 75% gold) and has nothing to do with the original workmanship premium. Convert international prices with the currency converter, and estimate budgets with the online calculator.
Related Tools
When tracking gold price trends, use the currency converter to convert prices between currencies, and the online calculator for quick budget estimates.