Gold jewelry price per gram drops sharply! Is the "Golden Monkey Market" coming?

Hot Topics

            Watchlist
Data Center
Market Center
Capital Flow
Simulated Trading

        Client

The price of gold has seen a significant rise followed by a sharp decline, leading consumers to jokingly refer to the current market as a “gold monkey market” in addition to the traditional “bull market” and “bear market.” What is the current sales situation for gold? The reporter observed that the gold market in Shenzhen’s Shui Bei was bustling with activity. Crowds of consumers gathered at the counters of major jewelry stores, inquiring about prices.

The reporter learned that after a week of continuous price drops, consumer purchasing enthusiasm has surged. Several store managers told the reporter that foot traffic in their shops over the weekend increased by about 30% compared to the previous week, with many buyers traveling from other cities specifically to “pan for gold.” In particular, some consumers planning to get married during the “May Day” holiday took advantage of the plummeting gold prices to purchase wedding items, including the “three golds” and “five golds.”

Jewelry store manager Chen Zefeng: Sales of bracelets, necklaces, and rings have increased a bit. March is typically a slow season, but recently, with some adjustments in gold prices, our foot traffic has been higher than the same period last year.

In contrast to the bustling gold buying scene, the recycling market appears much calmer. Some consumers have chosen to hold onto their gold, waiting for prices to rebound; others are concerned about further declines and prefer to cash out early.

Jewelry brand distribution center manager Feng Qiulin: Prices may drop quickly in the next few days, but we are still in a wait-and-see period. Those who want to buy might seize this opportunity to purchase quickly. Recent Popular Videos You Might Follow “Iran is preparing a strong response” Our country has discovered the world’s second-largest light rare earth mine Big moves! Four companies, dividends over 10 billion yuan The US-Iran talks are a “Rashomon”! The Earth is in the most severe state of energy imbalance! Source: CCTV Finance (ID: cctvyscj)

Supervisor: Ke Chengyun Editor-in-Chief: Yu Xiaoman Reporter: Liu Meiyi Editor: Zhang Yafang Please share and follow!

On March 23, international gold prices continued to fall, with spot gold briefly dipping below $4,100 per ounce. As of today at 10:49, the international spot gold price has rebounded to $4,367.16 per ounce. As a result, domestic brand gold jewelry prices continue to decline. Chow Tai Fook’s pure gold jewelry is priced at 1,346 yuan per gram, down 29 yuan in a single day; Lao Miao gold is priced at 1,345 yuan per gram, down 29 yuan; Chow Sang Sang is priced at 1,350 yuan per gram, a decrease of 17 yuan from the previous day.

Guangdong Shenzhen: Declining gold prices spark a buying frenzy

Shui Bei is bustling with "gold panning" activity

A wealth of information and precise interpretation, all in the Sina Finance APP

Editor: Zhu Henan