Gold Market 260601

Jun 1 Gold Market Morning Snapshot​

SFE Futures $4,522.20
SGE Spot $4,511.30 (~$4 LBMA Spot)
LBMA Spot $4,502.52
COMEX Jun26 Futures $4,497.30 ($5.43 LBMA Spot)
IBJA PM Spot $4,332.59 (~$172 LBMA Spot)
MCX Futures $4,309.83

Quotestaxes/duties

LBMA Spot ​

Gold opened last night just under $4,540, fell, recovered and then drifted lower to ~$4,500 this morning.

EFP Spreads (ET)​

Spot price @ 06:28 : $4,502.52

Jun26 = -$5.43 vs -$1.03 Previously (spot @ 03:58 : $4,502.73)
Jul26 = +$16.42 vs +$14.33 (spot @ 06:20 : $4,496.38)
Aug26 = +$28.18 vs +$33.33

EFP Commentary​

Jun26 and Aug26 EFP spreads shift more negative. Will COMEX gold head to London for an arbitrage profit?

India ​

MCX Jun26 [GOLD 1kg] : $5,070.39 (less 15% BCD+AISD = $4,309.83)
IBJA PM spot : $5,097.16 (less 15% BCD+AISD = $4,332.59)

China ​

SGE $4,511.30(no VAT)
SFE $4,522.20

SGE premium to LBMA spot = ~$4
SFE premium to SGE = $10.90