Shanghai gold drops below Yuan 1,000/g amid plunge in international prices

Source: Mysteel Mar 24, 2026 17:30

On March 23, the most-traded gold contract on the Shanghai Gold Exchange (Au9999) continued to face pressure, closing at Yuan 940/gram ($136.4/g), a daily drop of 9%, erasing all gains made since 2026.

Internationally, spot gold in London has declined for nine consecutive trading days. On March 23, it reached a daily low of $4,098/ounce, sliding more than 6% in a single day, before rebounding to around $4,200/o by the time of reporting. On the same day, the Shanghai Gold Exchange issued a