Global Gold Price Drops Below $4,000 Again, Domestic Jewelry Prices Follow Suit with Chow Sang Sang and Lao Miao Adjusting Lower

Deep News07-20 13:20

The international precious metals market has weakened once more. On July 20th, spot gold broke below the $4,000 per ounce threshold. As of 8:20 AM Beijing time, London spot gold was down 0.44% for the day, trading at $4,000.558 per ounce, having briefly lost this key psychological level during the session. Spot silver also fell approximately 0.5%.

Influenced by the weaker international gold price, the retail prices of domestic branded gold jewelry have continued to adjust downward. Today, Chow Sang Sang adjusted its price down to 1,215 yuan per gram from yesterday's 1,221 yuan, a single-day decrease of 6 yuan per gram. Lao Miao Gold lowered its price to 1,218 yuan per gram from 1,222 yuan, a drop of 4 yuan per gram.

Gold prices had just experienced a rebound last Friday, with Chow Tai Fook, Chow Sang Sang, and Lao Miao Gold jewelry prices rising by 7 to 10 yuan per gram. After just one weekend, jewelry prices have fallen back again.

However, compared to the historical highs seen earlier this year, today's prices for these two major brands are still cheaper by approximately 493 to 504 yuan per gram, representing a decline of roughly 29%. Calculating based on the traditional "Three Golds" (approximately 50 grams), purchasing now compared to the beginning of the year could still save about 24,500 yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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After just one weekend, jewelry prices have fallen back again.<br><br>However, compared to the historical highs seen earlier this year, today's prices for these two major brands are still cheaper by approximately 493 to 504 yuan per gram, representing a decline of roughly 29%. Calculating based on the traditional \"Three Golds\" (approximately 50 grams), purchasing now compared to the beginning of the year could still save about 24,500 yuan.<br><br></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0702159699.USD","symbol_name":"FIDELITY ASIAN SMALLER COMPANIES \"A\" (USD) ACC","start_time":0,"source_url":"","article_id":"1178161591","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178161591","pubTimestamp":1784524831,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"The international precious metals market has weakened once more. On July 20th, spot gold broke below the $4,000 per ounce threshold. 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On July 20th, spot gold broke below the $4,000 per ounce threshold. As of 8:20 AM Beijing time, London spot gold was down 0.44% for the day, trading at $4,000.558 per ounce, having briefly lost this key psychological level during the session. Spot silver also fell approximately 0.5%.Influenced by the weaker international gold price, the retail prices of domestic branded gold jewelry have continued to adjust downward. Today, Chow Sang Sang adjusted its price down to 1,215 yuan per gram from yesterday's 1,221 yuan, a single-day decrease of 6 yuan per gram. Lao Miao Gold lowered its price to 1,218 yuan per gram from 1,222 yuan, a drop of 4 yuan per gram.Gold prices had just experienced a rebound last Friday, with Chow Tai Fook, Chow Sang Sang, and Lao Miao Gold jewelry prices rising by 7 to 10 yuan per gram. After just one weekend, jewelry prices have fallen back again.However, compared to the historical highs seen earlier this year, today's prices for these two major brands are still cheaper by approximately 493 to 504 yuan per gram, representing a decline of roughly 29%. Calculating based on the traditional \"Three Golds\" (approximately 50 grams), purchasing now compared to the beginning of the year could still save about 24,500 yuan.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1178161591","isCrawlerRequest":true}