Gold Price in Chinese Yuan (Renminbi)
It is not hard to understand why Chinese gold investors would prefer to use the yuan when they trade. However, the price of gold is traditionally calculated in terms of the US dollar. Since that’s not terribly helpful, we proudly present our gold chart above, which expresses the price history of gold in terms of renminbi.
Additionally, you can refer to the chart above to consider gold pricing over the past three decades. For any date since January 1, 1995, you can examine the closing price for the spot price of gold in terms of yuan. You can also compare the performance of gold against other financial indicators or commodity performances.
Therefore, if you plan to buy or sell gold in renminbi, this page is essential for you.
Why Monitor Gold in CNY?
Undeniably, there are valid cultural reasons for Chinese gold investors to prefer the yuan to the dollar. Usually, gold prices are calculated in terms of USD, but that’s of little use to the investor who uses renminbi in all other aspects of daily life.
However, the primary reason to monitor gold in CNY is the added investment opportunities and complexities associated with using non-dollar currencies to trade gold. It may be possible to find favorable situations without any shift in the intrinsic value of gold itself. Instead, fluctuations in currency exchange rates can cause price shifts, as follows:
- As the yuan strengthens against the dollar, it is possible to buy larger amounts of gold for the same price in RMB. Thus, investor demand increases, and so does the price of gold overall.
- As the yuan weakens against the dollar, gold becomes more expensive and harder to afford. The resulting drop in demand drags the price of gold downward.
One thing to note is that the yuan is one of the most government-controlled currencies in the world. At various times, the Chinese government has pegged the exchange rate value of renminbi to the US dollar, a basket of other currencies, or simply a controlled amount it decides.
Although the bullet points above are true, the ability to capitalize on them may be dampened for Chinese investors compared to those in other countries with floating currencies.
How to Use the Gold Price Chart
The gold price chart itself is an interactive tool that allows you to obtain both broad and specific information about the historical price of gold. Regardless of the timeframe you select, you can hover over specific data points to find the exact price on a particular date or time period.
The only caveat is that the broader timeframe, the less specific price you’ll receive. For instance, if you look at a decade’s worth of results, you’ll get the average of a week’s trading, rather than the price on a specific date.
You can also choose one of our preset timeframe buttons, or designate whatever period you want with the blanks below the buttons. Alternatively, adjust the slider beneath the chart itself to designate the window you want.
Finally, you can compare the performance of gold against measures like the S&P 500, the US dollar, or the price of crude oil. These comparisons allow you to look for trends that can inform your future trades, one way or the other.
Notable Events that Caused the Price to Shift
Gold is an interesting trading commodity due to the fact that its price often directly or indirectly reflects real world events and situations. So, the table below tells the story of the price of gold since 2000, as determined by the world around it.
| Date | Closing price (CNY) | Notes |
|---|---|---|
| September 5, 2011 | ¥13,825.31 | As recently as November 2008, gold was trading for just over ¥5,200. However, the onset of the debt crisis and the Great Recession made investors worldwide run headlong into gold. As a result, gold shot through the roof and had nearly tripled in value less than three years later. |
| December 2, 2015 | ¥7,662.51 | After the debt crisis fears faded, gold’s price declined – at times, sharply – throughout the rest of the 2010s. This price in December 2015 was the nadir of gold’s performance during the decade, and reflected the low demand for gold that tends to accompany calm economic periods. |
| August 6, 2020 | ¥15,046.46 | The world changed forever with the onset of the COVID-19 pandemic. Although experts differ on its exact beginning and end, it was in full swing after the first quarter of 2020. Few world events in recent memory have generated such existential fear, and where there is fear, there is demand for gold. So, it was no surprise that the price for an ounce of gold returned to its 2011 record levels in July 2020. What was surprising was the fact that gold gained nearly 9% in value in just two weeks and eclipsed ¥15,000 for the first time in early August. |
| February 14, 2024 | ¥14,497.91 | Although gold prices cooled slightly after the pandemic period passed, the cost for a troy ounce of the yellow metal hovered between ¥13,000 and ¥15,000 until February 2024. This date’s significance wasn’t immediately clear, but it soon came to be the beginning of gold’s rapid ascent into uncharted territory. So, to be clear, for almost 3.5 years, gold stayed relatively calm and constant. |
| April 21, 2025 | ¥24,900.05 | Only 14 months later, an ounce of gold was worth greater than ¥10,000 than its previous mark. Ongoing wars in Ukraine and Israel and inflation concerns in many of the world’s industrialized nations propelled the price of gold skyward. However, the price exploded with the election of American president Donald Trump, whose tariff policy and de facto trade war with China have rendered almost everyone – including economic experts – unsure about the path forward. For that reason, gold came within RMB100 of the previously unfathomable price of ¥25,000 in late April 2025. |
What Influences the Price of Gold?
No matter the currency, the price of gold ultimately boils down to the ready supply of it measured against the demand for it. However, both the supply of and demand for gold can be affected by various external factors. The situations below are some of the most impactful, but this list is not, by any means, comprehensive:
- Geopolitical situations – Military conflicts, trade disputes, and even civil unrest in key countries can have deleterious effects on the collective psyche of the world’s population. When investors get nervous, they seek out safe haven assets like gold. As the demand rises, the price of gold goes up.
- Economic stability – A stable economic situation makes investors more likely to stick with investments that rely upon that stability. Thus, when times are good, gold’s price tends to move downward – as evidenced by gold’s performance in 2014 – 2019 and 2021 – 2023. When times are rough, gold becomes a more favorable investment.
- Inflation – Inflation can affect the price of gold in two different ways. First, the simple act of bloating the currency necessarily means that it takes more of it to buy the same amount of gold – thus increasing the price. The other effect occurs as investors try to protect their assets from the diluting currency. Thus, as demand rises and they buy more gold, the price goes higher.
- Mining logistics – Getting gold from mines is a difficult thing under the best of conditions. It takes heavy machinery and lots of manpower to execute, to say nothing of the challenges associated with transporting the ore to the refiner and from the refiner to the market. Any disruptions along the way can constrict the supply of gold, thereby increasing the price.
- Technology/Industrial demand – Though not used as prolifically as silver, gold is nevertheless a valuable commodity for many different industries. Medicine, electronics, and the aerospace industry all use gold frequently. Any technological advances in these industries could result in either an increased demand for gold or a much lesser need for it. Technological advances in mining might also make certain gold ore veins accessible that were not previously so, or make mining existing veins more efficient. Depending on how technology proceeds, the price of gold could be affected in an impactful manner.
Chinese Gold Products
The Chinese Panda coin is one of the most popular coins produced in China, and it is a favorite with investors and collectors. The Chinese Panda Gold Coin is produced by the Chinese Mint and was first introduced in 1982 in both bullion and proof coin versions.
The Chinese Gold Panda coin is a sovereign coin series, similar to the American Gold Eagle or the Canadian Gold Maple Leaf. These gold coins come in several different weights. Each Chinese Gold Panda coin is considered legal tender in China, with the coin’s face value determined by the coin’s weight.
The Chinese Gold Panda Coin uses a different design on its obverse from year to year, (with 2001 and 2002 being the exception) making the series somewhat unique. Beginning in 2016, these gold coins are now minted in and weighed in grams rather than troy ounces. The coin weights can vary from very small to quite large. An investor could buy a Chinese Gold Panda with a weight as small as a single gram or as large as a kilo.
As the Chinese economy continues to grow, the Chinese Yuan Renminbi may become a larger player in global currency markets. This currency could potentially gain in popularity, and could become a preferred reserve currency of choice.
World Gold Prices
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