Shanghai gold prices traded steady to higher on Monday, February 9, with onshore yuan benchmarks reflecting resilience in the global bullion market ahead of the Chinese New Year break. Prices held comfortably in the mid-CNY 34,000 range per troy ounce, supported by sustained physical demand and cautious positioning ahead of tighter trading conditions.
Shanghai Gold Price Snapshot — Feb 9, 2026
Gold per troy ounce: CNY 34,730.32
Gold per gram: CNY 1,116.6
Gold per kilogram: CNY 1,116,604.88
Reference time: 07:47 New York time
Spot gold in China was last indicated around CNY 34,730 per troy ounce, equivalent to approximately CNY 1,116.6 per gram and CNY 1.1166 million per kilogram. The move represented a daily gain of roughly 0.8%, in line with gains seen across Asian trading hours.
Intraday price action remained volatile but constructive, with early dips attracting buyers. Over the past 30 days, Shanghai gold prices are still sharply higher, having climbed more than seven percent from mid-January levels before pulling back from late-month highs near CNY 37,000 per ounce.
Market attention also focused on a fresh notice issued ahead of the Lunar New Year holiday, outlining stricter risk controls aimed at limiting volatility while domestic trading is suspended. Trading will be halted from February 14 through February 23, with no night session scheduled on February 13. Normal trading is set to resume on February 24.
From the close of settlement on February 11, margin requirements for several deferred gold contracts will be raised, alongside wider daily price limits. Gold deferred contracts including Au(T+D) and related instruments will see margin ratios lifted from 18% to 21%, while daily price limits will expand from 17% to 20%. Silver contracts will also face higher margins and broader limits.
Performance-guaranteed contracts for high-purity gold will require increased margin per lot, a move designed to curb excessive leverage rather than restrict physical market activity. Similar adjustments in past holiday periods have tended to stabilise prices rather than disrupt underlying demand.
For investors and traders tracking Shanghai benchmarks, the focus now shifts to post-holiday price behaviour. Strong yuan-denominated prices suggest domestic demand remains resilient, even as liquidity thins ahead of the extended market closure.
Official trading schedules, contract specifications and further risk-control updates are published directly by the exchange and can be followed via the Shanghai Gold Exchange.
