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2026-11-01 07:48:24
[Gold Jewelry Price Drops by Nearly 550 Yuan Per Gram This Year, Investment in Gold Heats Up] Affected by factors such as rising international crude oil prices, escalating inflationary pressures in the United States, and increasing market expectations for further interest rate hikes by the Federal Reserve, international gold prices fell to a new one-year low on October 30. As of the latest closing, COMEX gold futures fell 3.63% to $3884.90 per ounce; London spot gold fell 3.61% to $3875.19 per ounce, both falling below the $3900 mark. Affected by the decline in international gold prices, domestic brand gold jewelry prices have also decreased, with some brands seeing prices drop by nearly 550 yuan per gram from their year-to-date highs. Analysts explained that recently, influenced by multiple global uncertainties, gold prices have fluctuated significantly in the short term, leading more investors to purchase gold investment products such as gold bars. At Caibai Shopping Mall, a consumer purchased five gold bars, each weighing 30 grams, at approximately 26,000 yuan each. The consumer stated that when gold prices are low, they are considering some financial investments. (CCTV Finance)
