Shenzhen Shuibei is packed with crowds. Netizens: With gold prices plunging, there are more people buying gold than in a vegetable market.

At Friday Eastern Time, the spot gold price fell below the $4,000 per ounce mark. As of the close, spot gold closed down 0.72% at $3,995.63 per ounce. On October 24, the prices of pure gold jewelry from multiple domestic brands were lowered, down 6 yuan per gram from the previous day, with mainstream brands' pure gold jewelry quotes concentrated around 1,200 yuan per gram. Compared with a month ago, the per-gram price of gold jewelry has cumulatively fallen by about 100 yuan. According to media reports, as the gold price fell and it happened to be the weekend, Shenzhen Shuibei was bustling with people yesterday, and netizens posted one after another, saying "There are more people buying gold than in the vegetable market" and "Did Shuibei market give out free eggs today?" According to CCTV Finance, Wang Jun, chief expert at Gelin Dahua Futures, analyzed that three major factors led to the recent decline in international gold prices: first, high oil prices; second, further rising expectations of a Federal Reserve rate hike in December; third, tightening global liquidity and deleveraging. International gold prices are expected to remain under pressure in late October and early November.