Domestic brand jewelry prices soared over 50 yuan in one day.

On January 23rd, the spot gold price initially reached the $4950 per ounce mark, hitting a new record high, which led to a significant increase in the price of domestic branded gold jewelry. On the 23rd, the price of 23K gold jewelry from Lao Miao Gold was quoted at 1548 yuan/gram, compared to 1496 yuan/gram on the 22nd, representing an increase of over 50 yuan in one day and a total increase of approximately 150 yuan/gram since the beginning of January.