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To track live gold prices, first distinguish the domestic and international markets. Internationally, watch COMEX gold futures (GC), which last closed at 4033.2 USD/oz (2026-10-29 close, daily change -1.17%). Domestically, watch the SHFE gold main contract (AU), which closed the 2026-10-30 night session at 860.7 yuan/gram, down -1.02% on the day. The two markets trade in different sessions: COMEX covers global hours and reacts fastest to overnight news, while SHFE trades in separate night and day sessions and is the live quote domestic investors watch most. To answer "what is gold worth today," first confirm whether you are looking at USD/oz or RMB/gram, and whether it is a futures price or a retail jewelry price—these conventions differ, and comparing them directly leads to wrong conclusions. Every figure on this page is tagged with its cutoff time for easy verification.
Many readers searching "what is gold worth today" get tripped up by units. The conversion constants are fixed: 1 troy ounce = 31.1035 grams, 1 gram = 0.0321507 oz, 1 kilogram = 32.1507 oz. To convert the international price into the domestic convention, use: USD/oz × 31.1035 ÷ RMB exchange rate ≈ yuan/gram. Taking the COMEX close of 4033.2 USD/oz, plug it into the formula to estimate the corresponding theoretical domestic price, then compare with SHFE AU at 860.7 yuan/gram—the gap reflects the exchange rate, taxes and fees, and onshore-offshore spreads. Note this is a futures price; retail jewelry prices typically add fabrication charges and brand premiums on top. Master this conversion and you can handle unit changes on any quote page yourself, without relying on someone else's numbers.
To interpret live price action, work in three steps. Step one, check the daily change: the latest readings show COMEX at -1.17% and SHFE at -1.02%—both markets moving the same way, so this is not an isolated move in a single market. Step two, check the medium-term trend: the 10Y Treasury yield stands at 5.0% (20-day -32bp) and DXY at 101.929 (2026-10-30); rates and the dollar are the most direct pricing anchors for gold. Step three, check the driver ranking: the current top three are the Treasury rate trend (+68), central bank gold buying (+45), and the US debt burden (+37). On central bank buying, net purchases over the past 12 months totaled +311 tonnes (through 2026-08)—persistent, structural demand. Placing daily swings within these three medium-term threads keeps you from being misled by a single candlestick.
Inflation and jobs data shape rate-path expectations, which in turn move gold. Latest readings: CPI +3.7% y/y (2026-09), PPI +6.34% y/y (2026-09), core PCE +3.12% y/y (2026-09)—inflation remains well above target; nonfarm payrolls rose only 29k (2026-09), signaling weak employment momentum. On policy, the federal funds rate upper bound is 4.0%, the next FOMC meeting is 2026-12-10, and market pricing shows a 76% chance of a hike / 24% unchanged / 1% cut. On risk and fiscal backdrop, Brent crude is at $111.54 (30-day +6.4%) and US debt/GDP is 121.2% (2026-Q2). Together these readings form the macro backdrop for gold; as new data arrives, this page will revisit how the changes affect the interpretation framework.
On the domestic futures convention, SHFE AU closed the 2026-10-30 night session at 860.7 yuan/gram, -1.02% on the day. Note this is a futures price; retail jewelry prices add fabrication charges and brand premiums and typically sit above the futures price.
For the international market, watch COMEX gold futures GC, last closed at 4033.2 USD/oz (2026-10-29, daily -1.17%); for the domestic market, watch the SHFE AU main contract. The two trade in different sessions—overnight news shows up in COMEX first, then check how SHFE follows during domestic hours.
Use the fixed formula: USD/oz × 31.1035 ÷ RMB exchange rate ≈ yuan/gram. Conversion constants: 1 troy ounce = 31.1035 grams, 1 gram = 0.0321507 oz, 1 kilogram = 32.1507 oz. Plug in the latest COMEX quote to estimate the corresponding theoretical domestic price.
Using the latest readings as an example, COMEX fell -1.17% and SHFE -1.02%—both markets down together, indicating a shared pricing factor (such as rates and the dollar) at work rather than an isolated move in one market. Always check first whether the two markets are moving in the same direction.
Focus on three: the 10Y Treasury yield (now 5.0%, 20-day -32bp), the dollar index DXY (101.929, 2026-10-30), and central bank buying (+311 tonnes net over the past 12 months, through 2026-08). The current driver ranking is Treasury rate trend +68, central bank buying +45, US debt burden +37.
Gold pays no interest, so the opportunity cost of holding it is largely the real yield on Treasuries. The 10Y now stands at 5.0%, a 20-day move of -32bp; the rate trend is currently the highest-weighted driver (+68). When rates fall, the opportunity cost of holding gold declines, which typically supports the price.
Central banks are persistent, structural buyers: net purchases over the past 12 months totaled +311 tonnes (through 2026-08), carrying a driver weight of +45, second only to the Treasury rate trend. This kind of buying does not chase short-term timing; its impact on gold is trend-like and cumulative.
The next FOMC meeting is 2026-12-10. Market pricing: 76% chance of a hike, 24% unchanged, 1% cut. The current federal funds rate upper bound is 4.0%. Shifts in rate-path expectations around the meeting are the pricing variable to watch most closely when interpreting gold moves.
Latest readings: CPI +3.7% y/y, PPI +6.34% y/y, core PCE +3.12% y/y (all 2026-09). Inflation above target constrains the central bank's room to cut, shaping rate-path expectations; meanwhile nonfarm payrolls rose only 29k (2026-09), showing soft employment—together these form the basis of the market's debate over the policy path.
Use a three-step method: first check the daily change and whether the two markets move together (e.g., COMEX -1.17% and SHFE -1.02% in the same direction); then check the medium-term anchors, the 10Y Treasury (5.0%) and DXY (101.929); finally compare the driver ranking (Treasury rates +68, central bank buying +45, debt burden +37) to confirm the dominant logic. Stick to one consistent set of conventions and gradually build your own framework. Not investment advice.