The price of gold jewelry in the domestic market has risen by more than 100 yuan in a week.
International gold prices continue to strengthen. On August 11, Beijing time, spot gold surged, breaking through the $4,400 per ounce mark during trading, up over 0.2%, reaching its highest level in nearly two months since June 8. Spot gold rose more than 7% last week, marking its largest weekly increase since January of this year. Driven by the strong international gold prices, domestic brand gold jewelry retail prices jumped significantly today. Chow Sang Sang's pure gold products are priced at 1,336 yuan per gram, an increase of 29 yuan per gram in a single day; Chow Tai Fook's pure gold products are also at 1,336 yuan per gram, with a daily rise of 28 yuan per gram; Lao Miao's pure gold products are priced at 1,332 yuan per gram, climbing 24 yuan per gram in one day. In just one week, the prices of several gold jewelry brands have soared from around 1,220 yuan per gram to over 1,330 yuan per gram, with a total increase of over 100 yuan.
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