Benchmark: Loco London spot (LBMA). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Price | vs benchmark | Market note |
|---|---|---|---|---|
🌐 Loco London Global · global reference | LBMA spot | 3,415.00 | Benchmark | The price two-thirds of the world trades against |
🇮🇳 India (landed) India · duty + festivals | Duty-paid landed | 3,440.00 | +25.00 (+0.7%)stable | Import duty plus wedding-season pull |
🇺🇸 COMEX (EFP) USA · futures basis | EFP to spot | 3,433.00 | +18.00 (+0.5%)widening | The London-NY basis — blew out during the tariff scare |
🇨🇳 Shanghai (SGE) China · import gauge | SGE premium | 3,427.00 | +12.00 (+0.4%)narrowing | SGE premium reads Chinese retail and PBoC demand |
🇦🇪 Dubai (loco) UAE · regional hub | Loco Dubai | 3,417.00 | +2.000 (+0.1%)stable | Gulf refining and re-export hub |
🌐 Recycled / scrap Global · secondary | Refiner feed | 3,412.00 | -3.000 (-0.1%)stable | Scrap feed nets slightly under spot |
Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.
Track physical flows on the live vessel map →Indicative term structure · Backwardation
Converted from 3,415.00 USD/oz · indicative FX
Gold is traded in the precious metals segment, with price discovery referenced against COMEX. The chart above shows the trailing indicative price path. Physical parcels of Gold can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Continued official-sector accumulation and a softer rate outlook have kept bullion firm, with silver and platinum tracking the move higher.