Spot gold has fallen below the $4,000 per ounce mark, dragging domestic brand gold jewelry prices down to sub-1,200 yuan per gram levels. Laomiao Gold's pure gold jewelry is quoted at 1,196 yuan/gram (down 12 yuan day-over-day), while Chow Sang Sang sits at 1,200 yuan/gram and Chow Tai Fook at 1,202 yuan/gram, each down 6 yuan. Lao Feng Xiang quotes at 1,206 yuan/gram.
On September 24, domestic brand gold jewelry prices were generally around 1,300 yuan per gram, meaning a roughly 100 yuan decline over the past month as bullion retraces from recent highs.
China Gold Jewelry Prices Slip Below 1,200 Yuan Per Gram as Spot Gold Breaks Under $4,000
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