London 18/03/2016 -
REMINDER
These values are FastMarkets copyright
They may not be used or re-distributed without permission
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PURITY/LOCATION
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PREMIUM/DISCOUNT IN USD/OUNCE
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NOTES
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This week
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Last week
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Gold 99.99% 1Kg Shanghai (SGE)
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-1.00 / 2.00
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1.00 / 2.00
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Wider range on a sharp rise of international gold prices after Fed’s announcement and CNY’s appreciation; Shortly-lived discount seen due to response lag.
Tepid physical demand; Buying for gold-backed ETFs continues to increase, albeit at a slower pace.
Load-out volume in Feb from SGE vaults down to 107.60t from 225.08t in Jan.
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Gold 99.99% 1Kg Hong Kong
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0.00 / 0.80
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0.00 / 0.80
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Rates stable, unexciting local buying, few Swiss bars reported fetching premiums of $1.00
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Gold 99.99% 1Kg Singapore
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0.75 / 1.25
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1.00 / 1.50
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Flat demand, market remains quiet.
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Gold 99.99% 1Kg Tokyo
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-1.00 / -0.30
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-1.00 / -0.30
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Discount steady in quiet trading conditions, more selling seen from individual gold holders
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Gold 99.5% 1Kg Mumbai
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-35.00 / -25.00
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-35.00 / -25.00
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Market ground to a halt as Indian jeweller strike continues for third week after govt re-imposes 1% sales tax.
Jewellers hoping tax will be repealed and most market participants expect strikes to continue further.
Import tax on refined bullion unchanged at 10%; higher doré import tax (8.75%) likely to threaten many small refining operations.
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Gold 99.99% 1Kg Bangkok
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0.50 / 1.00
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0.20 / 1.00
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Premium range narrows, more demand in Thailand for Swiss bars
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Gold 99.5% 1Kg Istanbul
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-1.00 / -0.50
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-1.00 / 1.00
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Demand very sluggish, trading volume around 4t on Istanbul Gold Exchange this week. Consumer confidence hit by terrorist attacks.
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Gold 99.99% 1Kg Dubai
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-0.50 / 0.50
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-0.50 / 0.50
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Market remains at parity, more demand for scrap bars seen.
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Gold 99.99% 1Kg Zurich
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0.50 / 1.00
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0.50 / 1.00
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Premiums stable with continued safe-haven and investor interest seen.
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Premiums are paid on top of the London spot price to acquire ownership or secure delivery of physical metal. Rates vary according to brand, purity and the size of order and depend on location and dealer. Duties may apply, depending on location.
FastMarkets premiums are nominal indications only, based on contributions from market sources, and should not be construed as actual bids and offers.(Table compiled by FastMarkets’ Physical reporting team, physicals@fastmarkets.com)
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