On February 9, 2026, the Shanghai Gold Exchange's Shanghai Gold (standard weight 1 kg, gold ingot with a fineness not less than 99.99%; pricing contract) afternoon session benchmark price was quoted at 1,124.04 yuan/gram. Compared to the morning session benchmark price of 1,117.68 yuan/gram, it increased by 6.36 yuan/gram (0.57%). Compared to the previous trading day's (February 6) afternoon session benchmark price of 1,085.72 yuan/gram, it rose by 38.32 yuan/gram (3.53%).
PriceSeek's analysis of gold shows a bullish-bearish score of 1.5. The article indicates that the Shanghai Gold Exchange's gold spot afternoon session benchmark price was quoted at 1,124.04 yuan/gram, up 0.57% from the morning session and 3.53% from the previous trading day, suggesting tight supply and strong demand in the spot market. Combined with futures data, major gold contracts such as 2606 closed at 1,128.78 yuan/gram (up 34.56 yuan) and 2608 closed at 1,131.24 yuan/gram (up 33.66 yuan), both showing significant upward trends, with active trading volumes (e.g., 2604 contract trading volume of 331,307 lots). Changes in open interest indicate increased market participation. This reflects strong bullish sentiment in the market, which is favorable for both gold spot and futures prices. However, as the gains have not reached extreme levels, the rating falls between generally favorable and significantly favorable.
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