China · CNY · June 2020
Gold Price in China — June 2020
In June 2020, the gold price in China closed at approximately ¥11,531 per troy ounce, equivalent to ¥4,324 per tola or ¥371 per gram. This represents a +2.07% change on the month (¥11,297 open → ¥11,531 close).
Open
¥11,297
per troy ounce
Close
¥11,531
per troy ounce
High
¥11,580
per troy ounce
Low
¥10,979
per troy ounce
All unit prices at June 2020 close — China
| Unit | Weight | Closing CNY price |
|---|---|---|
| Troy ounce | 31.1035 g | ¥11,531 |
| Gram | 1.0000 g | ¥371 |
| 10 grams | 10 g | ¥3,707 |
| Kilogram | 1,000 g | ¥370,725 |
| Tola | 11.664 g | ¥4,324 |
Karat-purity breakdown at June 2020 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KCHINA STD | ¥370 | ¥4,320 |
| 22K | ¥340 | ¥3,961 |
| 21K | ¥324 | ¥3,784 |
| 18K | ¥278 | ¥3,243 |
| 14K | ¥217 | ¥2,530 |
| 10K | ¥155 | ¥1,803 |
Daily gold price in CNY — June 2020
June 2020 gold market: Quiet strength near multi-year highs
BullishEight-year highs on record institutional ETF demand.
Gold firmed to around $1,780 in June as a feared second COVID wave and dovish Fed guidance offset improving economic data. Gold ETFs saw record inflows for the year as institutional investors added the metal as portfolio insurance.
What drove gold in June 2020
- dovish Fed guidance
- second-wave COVID fears
- record gold-ETF inflows
- weakening US dollar
Key events in June 2020
- Jun 23Gold reaches ~$1,780, an eight-year high
What happened next
Record ETF inflows in June were the fuel for July's breakout above $1,900.
For gold buyers in China
June's steadiness near eight-year highs signalled that the rally had broad institutional backing, not just speculative froth.
The 2020 gold market: COVID crash, recovery, and the all-time high above $2,000
March 2020 saw a brief gold sell-off during COVID liquidity panic (-12% in 2 weeks) before the metal rocketed to an all-time high of $2,075 in August. Year close: $1,898 — gold's best year since 2010.
Key drivers in 2020
COVID pandemic, unlimited Fed QE, fiscal stimulus, negative real rates, USD weakness
2020 XAU/USD high
$2,075 (Aug)
2020 XAU/USD low
$1,452 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The China gold market
China retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
CNY (¥)
Daily gold price — June 2020, China
¥11,297
$1,732.22/oz
¥11,362
$1,742.20/oz
¥11,122
$1,705.40/oz
¥11,087
$1,700.10/oz
¥10,979
$1,683.50/oz
¥11,090
$1,700.49/oz
¥11,024
$1,690.40/oz
¥11,175
$1,713.50/oz
¥11,231
$1,722.10/oz
¥11,336
$1,738.30/oz
¥11,305
$1,733.50/oz
¥11,310
$1,734.21/oz
¥11,155
$1,710.50/oz
¥11,216
$1,719.90/oz
¥11,246
$1,724.40/oz
¥11,214
$1,719.50/oz
¥11,314
$1,734.80/oz
¥11,498
$1,763.13/oz
¥11,490
$1,761.90/oz
¥11,536
$1,768.90/oz
¥11,518
$1,766.10/oz
¥11,456
$1,756.60/oz
¥11,397
$1,747.60/oz
¥11,580
$1,775.69/oz
¥11,554
$1,771.60/oz
¥11,531
$1,768.10/oz
How China gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The CNY/USD exchange rate comes from exchangerate-api.com's 2020 year-end snapshot.
Conversion. Every CNY figure on this page is computed as XAU/USD price × CNY/USD rate. We use the year-end exchange rate consistently across all June 2020 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in China, add the country-specific levies described in the “Chinagold market” section above.
FAQ — China gold price in June 2020
What was the gold price in China in June 2020?
In June 2020, gold in China opened at ¥11,297/oz and closed at ¥11,531/oz — a move of +2.07% on the month. Per tola: ≈¥4,324; per gram: ≈¥371; per 10g: ≈¥3,707.
What was the 24K gold rate per tola in China in June 2020?
The 24K gold rate per tola in China at the June 2020 close was approximately ¥4,324, derived from international XAU/USD spot of $1,768.10/oz times the 2020-end CNY/USD exchange rate of 6.5216. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in China in June 2020?
China's most-quoted retail standard is 24K per gram. At the June 2020 close, that worked out to approximately ¥370 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
CNY prices on this page are computed from the verified international XAU/USD spot price for June 2020 (sourced from gold-api.com), multiplied by the 2020-end CNY/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ¥ figures here represent the international gold spot price converted to CNY at the 2020-end exchange rate. China's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in China? See live gold prices in China with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2020 archive or the USD-only June 2020 page with the country-by-country list at the bottom.
Other markets? Compare June 2020 prices across other major gold-trading countries: Hong Kong, Japan, South Korea, Singapore, Macau.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to CNY at the 2020-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in China before transacting.