B[Gold concept fluctuated and rebounded, and gold hit the daily limit in the West] On October 9, the gold concept fluctuated and rebounded in the afternoon, and gold hit the daily limit in the west. CICC Gold, Shanjin International, Chifeng Gold, Zijin Mining, and Sichuan Gold followed suit. On the news, spot gold expanded its gains to 1.2% during the day, standing above $4,180 per ounce. B[Prices of gold jewelry from many brands including Laomiao Gold have been lowered] On October 8, a comparison of domestic gold jewelry prices showed that the prices of domestic pure gold jewelry announced by many gold jewelry brands have been adjusted compared to yesterday, with Laomiao Gold quoted at 1,243 Yuan/gram, down 10 yuan from the previous day; Chow Sang Sang quoted 1,248 yuan/gram, down 4 yuan from the previous day; Chow Tai Fook quoted 1,249 yuan/gram, the same as the previous day; Lao Fengxiang quoted 1,247 yuan/gram, down 4 yuan from the previous day. B[The price of gold jewelry has plummeted by about 150 yuan per gram, and the sharp drop in gold prices has triggered a gold buying boom] October 7th, the international gold price has experienced a significant correction recently, COMEX gold futures fell below 4,200 US dollars per ounce, domestic Shanghai gold broke through the 900 yuan per gram mark, and the price of branded gold jewelry has dropped by about 150 yuan per gram from its high point. Driven by the downward trend in gold prices, the listed price of Shenzhen Shuibei Jewelry gold fell back to 1,061 yuan per gram. The gold price correction coupled with holiday promotions has ushered in a gold buying boom for foreign tourists in the country's largest gold and jewelry distribution center. A gold shopping guide said that during the National Day, he brought at least 30 to 40 groups of foreign customers to Shuibei to buy gold every day. At the same time, the number of "international faces" in Shuibei Market has quietly increased, and diamond jewelry and high-quality gold jewelry are especially favored by overseas tourists. (CCTV Finance)
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