CN Shanghai Gold Exchange · 7 October 2026
Shanghai silver price today
The live silver price in China, from its two silver markets: the Shanghai Gold Exchange (SGE) spot price and the Shanghai Futures Exchange (SHFE). Converted to US dollars and rupees, with the premium over London. Today SGE silver is $69.00 an ounce in dollars.
- Real SGE and SHFE quotes
- USD, INR and per-ounce views
- Live premium
Shanghai Gold Exchange · Ag(T+D)
¥14,890/ kg
+0.60% vs previous close
- USD / oz$69.00
- Premium+16.1%
- London$59.43
SGE prices are quoted in yuan per kilogram, before China's 13% VAT.
Updated 7 Oct 2026, 6:10 PM IST
Shanghai silver in every unit
| Unit | SGE Ag(T+D) |
|---|---|
| Yuan per kilogram | ¥14,890 |
| Yuan per gram | ¥14.89 |
| Yuan per troy ounce | ¥463.13 |
| US dollars per troy ounce | $69.00 |
| US dollars per kilogram | $2,218 |
| US dollars per gram | $2.218 |
| Indian rupees per gram before Indian duty | ₹214.01 |
How China's silver market works
China is the world's largest industrial user of silver, above all for solar panels and electronics. Its domestic price is set on two exchanges:
- Shanghai Gold Exchange (SGE): the physical market. Its Ag(T+D) contract, quoted in yuan per kilogram, is the reference price for Chinese silver.
- Shanghai Futures Exchange (SHFE): futures contracts of 15 kg, traded heavily by speculators. SHFE silver today.
Because imports need licences and physical metal attracts 13% VAT when withdrawn, Shanghai prices can drift away from London. When they sit above London (a premium), it signals strong local demand; a discount signals the opposite. The premium has swung widely through 2026; today it is +16.1%.
Convert any Shanghai price
Paste a yuan-per-kg quote to see it in dollars and rupees.
In US dollars per troy ounce
$0
- USD per kilogram
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- USD per gram
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- Yuan per troy ounce
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- Indian rupees per gram
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- Premium over London spot
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USD per oz = ¥ per kg ÷ USD/CNY ÷ 32.1507 (troy ounces in a kilogram).
International silver in yuan
What London spot works out to per kilogram in yuan (no Shanghai premium).
52-week high ¥25,798 (26 Jan 2026)low ¥10,660 (27 Oct 2025)1-year change +18.2%
Frequently asked questions
What is the Shanghai silver price today?
The Shanghai Gold Exchange Ag(T+D) contract is at ¥14,890 per kilogram, which works out to $69.00 per troy ounce at today's exchange rate.
What is Ag(T+D)?
Ag(T+D) is the Shanghai Gold Exchange's main silver contract: a spot contract where delivery can be deferred (T+D means trade date plus deferral) in exchange for a small daily fee. It is quoted in yuan per kilogram.
Does the Shanghai price include VAT?
No. SGE quotes are before China's 13% value-added tax, which is charged when metal is withdrawn or sold for use. That is why the Shanghai premium can be compared directly with London spot.
Why is silver more expensive in Shanghai?
China controls silver imports through licences, so metal can't flow in instantly when local demand rises. Strong demand from industry (especially solar) and investors can then push local prices above the world price.
When does the Shanghai Gold Exchange trade?
It has a day session and a night session on Chinese business days; the night session carries over to the next trading day. Prices on this page update whenever new quotes are published.
Sources
Rules and figures checked on 29 September 2026. Live prices update on this page automatically.