Gold Market 260628

Jun 29 Gold Market Morning Snapshot​

MCX Futures $4,081.24
IBJA Spot $4,046.28 ($9.52 LBMA Spot)
LBMA Spot $4,036.76
COMEX Jul26 Futures $4,035.00 ($3.16 LBMA Spot)
SFE Futures $4,065.03
SGE Spot $4,058.72 ($5.69 LBMA Spot @ 03:30)

Quotestaxes/duties

LBMA Spot ​

Last night gold opened dropped from ~$4,088 to ~$4,035 this morning.

EFP Spreads (ET)​

Spot price @ 06:52 : $4,036.76

Jul26 = -$3.16 vs -$2.33 Previously (spot @ 06:38 : $4,038.16)
Aug26 = +$14.34 vs +$14.47
Sep26 = +$28.54 vs +$30.08

EFP Commentary​

Jul26 EFP spread holds negative. Will gold flow from the COMEX to London (LBMA)?

India ​

MCX Aug26 [GOLD 1kg] : $4,693.43 (less 15% BCD+AISD = $4,081.24)
IBJA PM spot : $4,653.22 (less 15% BCD+AISD = $4,046.28)

China ​

SGE $4,058.72(no VAT)
SFE $4,065.03

SGE "premium" to LBMA spot = -$5.69 (@ 03:30 ET)
SFE premium to SGE = $6.31

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Previous report: https://www.pmbug.com/threads/gold-market-260627.9065/