| 指标 | 当前读数 | 口径/截止 |
|---|---|---|
| 正在加载实时读数… | ||
To estimate how much your gold bars or jewelry can fetch when recycled, the first step is finding the current gold price benchmark. Internationally, watch COMEX gold futures, latest reading $4,033.2/oz (2026-10-29 close, daily change -1.17%); domestically, watch the SHFE AU main contract at 860.7 yuan/g (2026-10-30 night-session close, daily change -1.02%). The two markets are linked by fixed conversion factors: 1 troy ounce = 31.1035 grams, 1 kilogram = 32.1507 ounces. Multiply the USD/oz price by 31.1035 and divide by the CNY exchange rate to get an approximate yuan/g reference, then compare with the SHFE reading to judge whether domestic quotes are at a discount or premium to the international market. Recyclers typically quote below this benchmark, so the clearer the benchmark, the better grounded your judgment of the discount will be.
Recycle quotes sit below the market gold price for three main reasons. First, purity discount: jewelry is often less than 24K, and recycling is priced on actual gold content, with K-gold and mounted pieces also docked for losses and testing costs. Second, channel and processing costs: recyclers must melt, assay, and hedge, and their quotes lock in a profit margin, so they typically leave a spread below the real-time gold price. Third, market volatility: COMEX fell 1.17% on the day and SHFE's night session fell 1.02%, showing the gold price itself is moving; if a recycle quote is locked at the morning price, the actual gold-content value has already changed by the afternoon transaction. Understanding these three points, when you receive a quote you can ask two questions first: which market and which time point is the pricing based on, and how is purity determined — these two items largely determine whether the discount is reasonable.
Recycle prices follow the gold price, and the gold price is macro-driven. The current driver ranking is US Treasury rate trends (+68), central bank gold buying (+45), and the US debt burden (+37). The 10Y Treasury yield is 5.0%, a 20-day change of -32bp; a falling-rate phase is relatively favorable for gold. Central banks net-purchased +311 tonnes over the past 12 months (through 2026-08), providing support for physical demand; US debt/GDP stands at 121.2% (2026-Q2), and long-term debt concerns are a common reason for gold allocation. On inflation, CPI is 3.7% YoY, PPI 6.34%, and core PCE 3.12% (all 2026-09), while nonfarm payrolls added only 29k. On rates, the fed funds rate ceiling is 4.0%, the next meeting is 2026-12-10, and market pricing shows a 76% chance of a hike, 24% unchanged, 1% cut. These variables jointly determine the gold price direction, and in turn the quote environment when you recycle.
The process can be broken into three steps. Step one, take the latest SHFE AU reading of 860.7 yuan/g as the domestic benchmark, or convert it yourself using COMEX $4,033.2/oz × 31.1035 ÷ the CNY exchange rate for comparison. Step two, confirm the purity and weight of your gold, and calculate theoretical value by gold content — e.g., pure gold at the full benchmark, K-gold discounted by its fineness ratio. Step three, compare multiple recycle quotes against the benchmark; if the gap is significantly larger than typical testing and processing costs, ask about the pricing methodology. Note that intraday gold volatility is pronounced (COMEX -1.17% on the day), and the time gap between quote and transaction also affects your proceeds; sharp moves in external indicators such as DXY at 101.929 and Brent at $111.54 (30-day +6.4%) often signal a shifting gold price environment. This page will be updated with deeper reviews as the market moves — check the xaudaily.com homepage for the latest readings.
The recycle price takes the real-time gold price as a base and applies a discount. Domestically, reference the latest SHFE AU reading of 860.7 yuan/g (2026-10-30 night-session close); internationally, COMEX at $4,033.2/oz (2026-10-29 close). Multiply the USD price by 31.1035 and divide by the CNY exchange rate to convert to yuan/g. Recyclers then deduct testing, melting costs and profit to form the final quote.
Three reasons: first, purity discount — K-gold and jewelry contain less than 24K gold and are priced on actual gold content; second, the recycler's testing, melting, and hedging costs must be covered; third, the gold price itself fluctuates — COMEX fell 1.17% on the day and SHFE's night session fell 1.02%, and the gap between quote time and transaction time also shows up as a discount.
1 troy ounce = 31.1035 grams — a fixed conversion that does not change with the market. Conversely, 1 gram = 0.0321507 ounces and 1 kilogram = 32.1507 ounces. To estimate a recycle price, multiply the USD/oz price by 31.1035 and divide by the CNY exchange rate to get a yuan/g-scale reference.
That depends on your view of the gold price direction, not on the recycling process itself. The US 10Y is currently 5.0% (20-day -32bp), and falling rates favor gold; central banks' net purchases of +311 tonnes over the past 12 months also provide support. If you expect gold to rise, you can hold off on recycling; if you need cash, compare multiple quotes against the 860.7 yuan/g benchmark. This content does not constitute investment advice.
No. Gold bars usually have standard purity and simple testing, so the discount is smaller; jewelry may involve K-gold fineness, solder, and mounted stones, requiring conversion by actual gold content and deduction of testing and loss costs. When getting a quote, first confirm what purity standard the buyer applies and which market/time point is used for pricing — these two points determine whether the discount is reasonable.
They are linked through fixed conversion and the exchange rate: COMEX at $4,033.2/oz, multiplied by 31.1035 grams and divided by the CNY exchange rate, approximates the domestic yuan/g level. The latest SHFE AU reading is 860.7 yuan/g; deviations from the converted value reflect domestic supply-demand, the exchange rate, and trading-session differences. Recycle quotes are generally anchored to the domestic market, but can be cross-checked against the international market.
Mainly rates and inflation. Currently CPI is 3.7% YoY, PPI 6.34%, and core PCE 3.12% (2026-09), with nonfarm payrolls at 29k; the fed funds rate ceiling is 4.0%, the next meeting is 2026-12-10, and market pricing shows a 76% chance of a hike, 24% unchanged, 1% cut. The rate path determines the opportunity cost of holding gold, which in turn affects the gold price and the recycle quote environment.
Check the real-time price at the moment of the transaction, not the morning or previous day's quote. Intraday gold volatility is pronounced — COMEX fell 1.17% on the day alone. Re-check the SHFE AU reading (latest 860.7 yuan/g) just before transacting, and confirm the recycler's pricing time point matches your check, to avoid losses from time gaps.
Indirectly, yes. DXY is latest at 101.929 (2026-10-30); dollar strength or weakness affects the USD-denominated gold price. Brent crude is at $111.54 (30-day +6.4%); oil prices influence rates and gold via inflation expectations. Sharp moves in these external indicators often signal a shifting gold price environment, and recycle quotes adjust accordingly.
Central banks are major physical buyers, with net purchases of +311 tonnes over the past 12 months (through 2026-08), providing sustained demand support for the current gold price. In this page's driver ranking, central bank buying ranks second at +45, behind only US Treasury rate trends (+68). Changes in the pace of buying are worth monitoring for the medium-term gold direction.