International gold prices have continued to decline, impacting the cost of gold jewelry significantly. As of the New York close on June 19, spot gold prices fell by 0.79% to $4,154.78 per ounce, while gold futures decreased by 1.72% to $4,172.9 per ounce. This downturn in international gold prices has led to a substantial reduction in the price of pure gold jewelry from various domestic brands, now priced at approximately 1,260 yuan per gram, marking a drop of nearly 450 yuan from the year's peak.