Consumers in the largest markets of China and India base their buying decisions on the local price of gold. These regional prices often deviate from the international price of gold, reflecting local dynamics in those markets.
This is a time series of the theoretical difference between the international and local gold prices in India and China, expressed in US dollars. It represents a directional and indicative gauge of the market, not a trading metric. To reduce noise in the series, we display a 5‑day rolling average to smooth out short‑lived spikes caused by heightened price volatility or irregular data points. For more information on how we construct these time series, please see the methodology notes below.
Note: In January 2025, we updated our methodology to enhance the accuracy of the Indian gold premium/discount estimates. Consequently, all historical data has been revised to align with this new methodology. For more details on how we calculate this data, please refer to the accompanying methodology note.
