Chow Sang Sang, Lao Feng Xiang and other brand gold jewelry prices collectively reduced.

On July 23rd, local time, gold and silver prices fell sharply while oil prices surged. Spot gold fell 1.96% to $4049 per ounce, while spot silver fell 3.60% to $57.5967 per ounce. International precious metal futures generally declined. COMEX gold futures fell 2.4% to $4052.30 per ounce, while COMEX silver futures fell 3.99% to $57.90 per ounce. On July 24th, Beijing time, spot gold and silver continued to decline. It was observed that after three consecutive increases, domestic brand gold jewelry prices experienced a major decline again. Chow Tai Fook's 24k gold jewelry is priced at 1227 yuan per gram, a daily drop of 31 yuan; Lao Feng Xiang's 24k gold jewelry is priced at 1231 yuan per gram, a daily drop of 27 yuan; Lao Miao's 24k gold jewelry is priced at 1229 yuan per gram, a daily drop of 24 yuan.