Amid signs of easing tensions in the Middle East and reduced concerns over liquidity tightening, some investors engaged in bargain buying during Asian trading hours on the 25th, driving international gold and silver prices higher during the session.
As of 9:45 AM Beijing time on the 25th, the spot price of gold in London stood at $4,595.66 per ounce, with an intraday increase of nearly 3%. By 9:30 AM Beijing time, the main gold futures contract on the New York Mercantile Exchange was quoted at $4,578.40 per ounce, up 4.01% from the previous day's close. The main silver futures contract was quoted at $74.110 per ounce, rising 6.53% from the prior session's closing price.
Affected by this, prices of gold jewelry from some domestic brands also increased, with the price per gram returning to the 1,400 yuan level. On March 25, CHOW SANG SANG's pure gold jewelry was priced at 1,418 yuan per gram, an increase of 68 yuan per gram from the previous day; CHOW TAI FOOK was quoted at 1,412 yuan per gram, up 66 yuan per gram from the day before.
In response to the recent sharp fluctuations in precious metal prices, several banks, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and China Minsheng Bank, have issued risk advisories for the precious metals market. They are reminding customers to enhance their risk awareness, make rational investment decisions based on their financial situation and risk tolerance, and maintain reasonable control over their positions.
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