Wuhan gold jewelry rose to 406 yuan/g

After the gold price broke through the $1500/oz mark the day before yesterday, the Wuhan market responded quickly. Yesterday, the counters of gold jewelry such as Chow Tai Fook and Zhou Shengsheng had all exceeded 400 yuan/g, among which Chow Tai Fook's physical gold price led other gold jewelry stores and reached 406 yuan. /g.

The reporter learned from the market that although the price of gold in major gold jewelry stores exceeded the high price of RMB 400/g, it still could not stop people’s buying enthusiasm. According to the gold jewelry store sales staff, the sales of gold on the weekend are good, far more than other precious metal jewelry, many of which are directed at investing in gold bars.

It is understood that since the first quarter of this year, the international spot gold price has been strongly rebounded from 1308 US dollars per ounce driven by many factors such as the geopolitical factors in the Middle East, and it has exceeded the 1500 US dollars/ounce mark last week. From the comprehensive data of April, the cumulative increase in the price of gold is about 6%. On the domestic front, the gold price of the Shanghai Gold Exchange is rising. On the market, the retail price of thousands of gold jewelry has risen all the way from 373 yuan/g, and some gold bars have exceeded the price of 400 yuan/g.

Analysts believe that if the dollar closely related to the trend of gold continues to weaken, or crude oil continues to rise, the price of gold will likely continue to rise, challenging $ 1,520 per ounce.