📊 Wednesday, Feb 4 – Silver and Gold Prices

Silver:

• In Shanghai (#SGE), silver traded at 22,400 RMB per kilo (~$100.49 per ounce).

• The world price (spot price) is $85.47 per ounce.

• Silver in Shanghai is $15 higher than the world price, a premium of 17.6%.

Gold:

• In Shanghai (#SGE), gold traded at 1,125 RMB per gram (~$5,046.75 per ounce).

• The world price (spot price) is $5,004.43 per ounce.

• Gold in Shanghai is $42 higher than the world price, a premium of 0.8%.

✅ Meaning:

• Silver is much more expensive in Shanghai than the world price.

• Gold is slightly more expensive there.

$XAU

XAU
XAUUSDT
5,071.78
+1.80%

$XAG

XAG
XAGUSDT
83.43
+6.83%