Domestic Gold Jewelry Price Drops Below 1200 Yuan per Gram, Falling About 100 Yuan in One Month

PANews, October 24 - According to Cailian Press, spot gold prices have fallen below the $4,000 per ounce mark, leading domestic branded gold jewelry prices to adjust downward. Laomiao Gold's pure gold jewelry was quoted at 1,196 yuan per gram, down 12 yuan from the previous day; Chow Sang Sang's pure gold jewelry was quoted at 1,200 yuan per gram, down 6 yuan; Chow Tai Fook's pure gold jewelry was quoted at 1,202 yuan per gram, down 6 yuan; Lao Feng Xiang's pure gold jewelry was quoted at 1,206 yuan per gram, down 6 yuan. Previously, on September 24, domestic branded gold jewelry prices were generally around 1,300 yuan per gram. Within one month, gold jewelry prices have fallen by about 100 yuan.