On January 30, 2026, the Shanghai Gold Exchange's Shanghai Gold (standard weight 1 kg, gold ingot with a fineness of not less than 99.99%; pricing contract) morning session benchmark price was 1,179.31 yuan per gram. Compared to the previous trading day's (January 29) afternoon session benchmark price of 1,248.22 yuan per gram, it decreased by 68.91 yuan per gram (-5.52%).

PriceSeek's analysis of gold: Bull-bear score: -2.
The article reports that the spot benchmark price of gold decreased by 68.91 yuan per gram compared to the previous trading day, a drop of 5.52%, indicating an oversupply in the market or weakened demand, which constitutes a significant bearish factor for spot prices. Combined with data from the Shanghai Futures Exchange gold futures contracts (e.g., the closing price of contract 2602 was 1,244.3 yuan per gram, an increase from the previous trading day), the sharp decline in spot prices may exert downward pressure on futures prices, as the futures market typically follows spot trends, leading to heightened bearish sentiment.