SHGA.X: What is it?
SHGA.X is an acronym for the Shanghai Gold Exchange (SGE) benchmark price for gold. It is a benchmark price for gold that is used by the SGE to determine the price of gold in the Chinese market. The SGE is the largest gold exchange in the world and is the primary source of gold pricing in China. The SGE benchmark price for gold is based on the spot price of gold in the international market, as well as the supply and demand of gold in the Chinese market.
History of SHGA.X
The Shanghai Gold Exchange (SGE) was established in 2002 as a platform for the trading of gold in China. The SGE is the largest gold exchange in the world and is the primary source of gold pricing in China. The SGE benchmark price for gold was introduced in 2009 as a way to provide a more accurate and reliable price for gold in the Chinese market. The SGE benchmark price for gold is based on the spot price of gold in the international market, as well as the supply and demand of gold in the Chinese market.
Comparison of SHGA.X to Other Gold Prices
| Price | SHGA.X | London Gold Fix | COMEX Gold Futures |
|---|---|---|---|
| Source | Shanghai Gold Exchange | London Bullion Market Association | New York Mercantile Exchange |
| Price Type | Spot Price | Spot Price | Futures Price |
| Price Frequency | Daily | Daily | Monthly |
| Price Currency | Chinese Yuan | US Dollar | US Dollar |
Summary
SHGA.X is the Shanghai Gold Exchange (SGE) benchmark price for gold. It is a benchmark price for gold that is used by the SGE to determine the price of gold in the Chinese market. The SGE benchmark price for gold is based on the spot price of gold in the international market, as well as the supply and demand of gold in the Chinese market. For more information about SHGA.X, you can visit the SGE website or other websites such as Investopedia and Kitco.
See Also
- London Gold Fix
- COMEX Gold Futures
- Spot Price
- Futures Price
- Gold Standard
- Gold ETFs
- Gold Mining
- Gold Bullion
- Gold Coins
- Gold Jewelry
