On October 23, gold and silver prices continued to decline, with spot gold dropping below $4,000 per ounce.
As of press time, spot gold was down 0.83% at $3,989.87 per ounce, while spot silver fell 2.00% to $53.47 per ounce.
Affected by this, domestic brand gold jewelry prices were also lowered accordingly.
Lao Feng Xiang pure gold jewelry was quoted at 1,212 yuan per gram, down 24 yuan from the previous day.
Chow Sang Sang pure gold jewelry was reported at 1,206 yuan per gram, a drop of 30 yuan from the prior day.
Lao Miao gold jewelry was priced at 1,208 yuan per gram, falling 25 yuan in a single day.
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