Prices of gold jewelry from multiple brands have fallen below 1400 yuan per gram, decreasing by over 100 yuan in a week.
Spot gold fell below $4500, breaking through the price levels of $5000, $4900, $4800, $4700, $4600, and $4500 this week, with a total decline of about 10.49%. Checking further, the prices of gold jewelry from Chow Tai Fook, Chow Sang Sang, Lukfook Jewelry, and Lao Miao Gold have fallen below $1400 per gram. On the 21st, Chow Tai Fook's solid gold jewelry was priced at $1389 per gram, dropping by $54 in a single day, compared to $1540 per gram on March 16th, a decrease of $151. Chow Sang Sang's gold jewelry prices dropped from $1447 per gram to $1397, a decrease of $50 in a single day. With this, the prices of jewelry from multiple brands have fallen below $1400 per gram, marking a return to the "thousand-four era" overnight.
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