Multiple Jewelry Brands' Prices Drop Below 1400 Yuan/Gram, Down Over 100 Yuan in a Week

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Spot gold prices fell below the $4,500 mark. Since this week, spot gold has broken through six price levels: $5,000, $4,900, $4,800, $4,700, $4,600, and $4,500, with a total decline of approximately 10.49%. It has been found that the jewelry prices of Chow Sang Sang, Chow Tai Fook, Luk Fook Jewelry, and Lao Miao Gold have fallen below 1,400 yuan per gram. On the 21st, Chow Sang Sang’s pure gold jewelry was priced at 1,389 yuan per gram, down 54 yuan from the previous day, and 151 yuan lower than the 1,540 yuan per gram on March 16. Chow Tai Fook’s gold jewelry price dropped from 1,447 yuan per gram to 1,397 yuan, a decrease of 50 yuan in one day. (Cailian Press)

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