Compare gold and silver prices across global, Chinese and Indian markets
Live global reference price supplied by Gold-API.com.
Open the Shanghai gold source directly. The reusable MetalCharts dataset currently covers Shanghai silver, not gold.
India MCX reference in USD/oz. PREM uses the matching global price in the same data snapshot.
IMPORTANT
These are different market references
GLOBALLive Gold-API.com reference price in USD per troy ounce.
CHINADirect Shanghai gold source link; no China gold value is republished.
INDIAMCX USD/oz reference. The premium uses the matching Metals.dev global snapshot.
Live global reference price supplied by Gold-API.com.
Shanghai silver weekly average. WEEKLY PREMIUM compares it with the Western spot average for the same week.
India MCX reference in USD/oz. PREM uses the matching global price in the same data snapshot.
IMPORTANT
These are different market references
GLOBALLive Gold-API.com reference price in USD per troy ounce.
CHINAWeekly Shanghai average and premium from the reusable MetalCharts dataset.
INDIAMCX USD/oz reference. The premium uses the matching Metals.dev global snapshot.
Global: Gold-API.com, shared server cache refreshed at most once every 30 seconds. India: Metals.dev MCX, cached for 12 hours. China silver: MetalCharts weekly data with visible attribution; the current week may change as new observations are added.
For informational and educational purposes only. Prices may be delayed or inaccurate and are not investment or trading advice.
Gold & Silver Prices in China and India
Gold and silver prices can differ between the international market, China, and India. The tracker above brings these markets together in one place using separate data sources appropriate to each region.
The global reference price shows live XAU/USD or XAG/USD. India uses MCX gold and silver reference prices supplied through Metals.dev. For China, the silver section uses the free Shanghai Silver Premium weekly dataset published by MetalCharts.
Because these markets use different trading structures, currencies, units, and publication schedules, the regional figures should not be treated as identical benchmarks. The purpose of the tracker is to make the differences easier to follow while keeping the underlying source and methodology clearly visible.
For a closer look at international prices, visit the Gold Price and Silver Price pages separately.
How the Price Tracker Works
Select Gold or Silver at the top of the tracker to compare the available market references.
- Global: Live XAU/USD or XAG/USD reference price. The 1D percentage change uses the same trailing 24-hour XAUS methodology as the Silver Dominion homepage.
- China Silver: Shanghai silver weekly average and premium versus Western spot from the free MetalCharts dataset.
- China Gold: Silver Dominion currently links to the Shanghai gold information on MetalCharts rather than republishing a China gold value.
- India: MCX gold and silver reference prices supplied through Metals.dev and displayed in USD per troy ounce.
India data are requested server-side and cached by Silver Dominion. This keeps the Metals.dev API key private and prevents page views from generating unnecessary API requests.
Each regional card also identifies its source so visitors can verify the underlying data independently.
China Silver Price and Shanghai Premium
China is one of the world’s most important physical and industrial silver markets. Differences between Shanghai pricing and international silver prices can therefore provide useful context about conditions inside the Chinese market.
The China Silver section uses the Shanghai Silver Premium Weekly dataset published by MetalCharts.
The displayed figures include:
- Shanghai weekly average price in USD per troy ounce
- Western spot reference
- Shanghai premium or discount in percentage terms
- The current reporting week
The value is a weekly average, not a real-time Shanghai spot quotation.
Each week is calculated separately. A new week does not include prices from the previous week. During the current week, the average can change as additional trading-day observations become available.
This makes the China figure particularly useful for observing the broader relationship between Shanghai silver and Western spot without presenting it as an intraday market price.
Source: MetalCharts.org
Understanding the Shanghai Silver Premium
The Shanghai silver premium represents the percentage difference between the Shanghai price represented in the MetalCharts dataset and its corresponding Western spot reference.
A positive reading means Shanghai silver is trading above the Western reference used in the dataset.
A negative reading means Shanghai is trading below that reference.
For example:
Shanghai Premium: +8.0%
means the Shanghai weekly price represented by the dataset is approximately 8% above the corresponding Western spot reference.
The figure should be viewed as a market indicator rather than a direct measure of the price an individual investor would necessarily pay for physical silver in China.
Retail premiums, taxes, fabrication costs, product availability, and other local factors can differ substantially.
India Gold and Silver Prices
India is one of the world’s largest physical precious metals markets, particularly for gold.
The India section uses MCX reference prices supplied through Metals.dev for both gold and silver.
The tracker displays the latest available MCX reference in USD per troy ounce, allowing it to be compared more easily with the international reference price.
Where available, Silver Dominion also calculates the percentage difference between the MCX reference and the global spot reference supplied in the same Metals.dev API response.
This creates a consistent comparison without relying on prices copied from Indian financial websites.
Source: Metals.dev / MCX reference data
India Premium and Discount
The India percentage shown by the tracker is a calculated comparison between the MCX reference price supplied through Metals.dev and the corresponding global spot reference from the same API response.
A positive percentage indicates that the MCX reference is above global spot.
A negative percentage indicates that it is below global spot.
This should still be interpreted carefully.
The calculated difference is a market comparison, not necessarily the retail premium paid for physical bullion in India.
Indian physical gold and silver prices can also be affected by:
- Import duties
- Local taxes
- Currency movements
- Domestic physical demand
- Refining and fabrication costs
- Dealer margins
- Product type and purity
- Local supply conditions
The tracker is designed to show the relationship between market references, not the final retail cost of buying bullion in India.
Why Prices Differ Between Global, Chinese, and Indian Markets
Gold and silver do not trade under identical conditions everywhere in the world.
Regional prices can move above or below international references because of differences in:
- Physical demand and supply
- Currency exchange rates
- Import restrictions and quotas
- Duties and taxes
- Transportation and financing costs
- Local inventories
- Trading hours
- Market liquidity
- Product purity
- Industrial demand
- Investment demand
China and India are particularly important because both represent very large sources of physical precious-metals demand.
China also plays a major role in silver fabrication and industrial consumption, while India remains a major destination for physical gold and silver investment.
Persistent regional premiums can therefore provide information that is not always visible from the international spot price alone.
Weekly Data vs Live Prices
Not every figure in the tracker updates at the same frequency.
The global price is a live market reference.
The India MCX reference is retrieved periodically through Metals.dev and cached server-side to keep API usage efficient.
The China Silver figure is a weekly aggregate supplied by MetalCharts. The current week’s figure can be updated as new observations become available, but it should not be interpreted as a live Shanghai quotation.
This distinction is important when comparing the three markets.
A live global price can move within seconds, while a regional benchmark or weekly average may represent a different observation period.
For that reason, small differences between the displayed figures should not automatically be interpreted as immediate arbitrage opportunities.
Regional Prices and the Physical Market
Regional pricing can provide another layer of information about the physical precious-metals market.
A strong premium in a major consuming market may indicate that local pricing conditions differ significantly from the international reference. However, no single premium or price spread should be used in isolation.
Inventory movements across important markets can be explored through the Gold & Silver Inventory Tracker.
Annual mine production, recycling, market demand, and the silver market balance can be explored through Gold & Silver Supply and Demand.
Longer-term mining capacity and geological availability are covered by Gold & Silver Production and Reserves.
For broader precious-metals research, visit Gold & Silver Market Analysis.
Gold & Silver Prices in China and India FAQ
What does this price tracker show?
The tracker compares the global gold or silver reference price with available market data for China and India. India uses MCX reference prices supplied through Metals.dev, while China Silver uses the Shanghai Silver Premium weekly dataset from MetalCharts.
Is the China silver price live?
No. The China Silver figure is a weekly average. The current week’s value can change as new trading-day observations are added, but each week is calculated separately and does not include the previous week.
Does the tracker calculate regional premiums?
Yes. The China Silver premium comes from the MetalCharts weekly dataset. For India, Silver Dominion calculates the percentage difference between the MCX reference and the corresponding global spot reference supplied through Metals.dev.
These figures are market comparisons and should not be interpreted as exact retail bullion premiums.
Why can China and India differ from global spot?
Regional prices can be affected by physical demand, currencies, import conditions, duties, taxes, inventories, trading hours, local liquidity, and other market-specific factors.
Is Silver Dominion affiliated with the data providers?
No. Silver Dominion is independent and is not affiliated with, sponsored by, or endorsed by MetalCharts, Metals.dev, MCX, or other referenced market operators and data providers.