Group 1 - The core point of the news is the significant drop in gold prices, both internationally and in the domestic market, affecting various jewelry brands [1][3] - On August 12, the gold price per gram for different brands was reported as follows: Chow Sang Sang at 1010 RMB, Chow Tai Fook at 1008 RMB, Lao Miao at 1004 RMB, and Saturday's Luck at 988 RMB [1] - On August 11, international gold prices fell sharply, with a nearly 2.5% drop, marking the largest single-day decline in three months, closing at 3404.7 USD per ounce [3] Group 2 - The decline in international gold prices was influenced by U.S. President Trump's statement that "gold will not be subject to tariffs," which eased investor concerns [3] - Market expectations regarding U.S. inflation and its potential impact on the Federal Reserve's interest rate decisions contributed to the drop in gold prices [3] - The overall sentiment in the gold market is affected by concerns over rising prices due to U.S. tariff policies, which may lead to increased inflation [3]

这轮金饰涨价背后反映出两大结构性因素。一方面，全球避险资金涌入黄金资产。国际金价今年持续刷新纪录，单边突破每盎司 3000美元、年内涨幅超18%，推动中国现货及珠宝金价屡创新高。 另一方面，本地零售品牌库存管理趋紧，限量精品供不应求，一定程度上形成"高端、小众、收藏化"定价策略。在消费升级与文 化信仰双驱动下，高端金饰成为部分人群的资产配置选择。 近日，多家国内金店足金金饰价格已突破每克1014元，创下新高。顷刻之间价格从7月31日的991元一克上涨至今日，短短五天内 累计涨幅达23元。 周生生、老凤祥、周大福等品牌快速跟涨，成为黄金市场异动焦点。据福布斯中文网报道，主要原因包括COMEX现货金价飙涨、 国内市场避险需求升温，以及相关奢侈品品牌限量效应同步放大。 ...

Group 1 - As of August 2, international gold prices are reported at $3362.5 per ounce, while international palladium is at $1209.9 per ounce, and international silver is at $37.0 per ounce [1] - Domestic gold prices are quoted at 776.2 yuan per gram [1] - Major domestic gold retailers have varying prices, with Chow Tai Fook at the highest price of 998 yuan per gram and China Gold at the lowest price of 969 yuan per gram [1] Group 2 - Other domestic gold prices include: Chow Sang Sang at 995 yuan per gram, Luk Fook Jewelry at 998 yuan per gram, and Xie Ruilin at 998 yuan per gram [1] - Jin Zun at 998 yuan per gram, Chao Hong Ji at 998 yuan per gram, and Cai Bai Jewelry at 975 yuan per gram [1] - Lao Miao Gold at 994 yuan per gram, Lao Feng Xiang at 996 yuan per gram, and Zhou Liu Fu at 978 yuan per gram [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 公司名稱: 周生生集團國際有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00116 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.25 | HKD | | 250,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.25 | HKD | | 250,000,000 | 本月底法定/註冊股本總額： HKD 250, ...

Core Viewpoint - The recent decline in gold prices is influenced by U.S. President Trump's call for the Federal Reserve to lower interest rates, which could further impact market dynamics and gold demand [1][5]. Price Movements - On July 28, spot gold prices fell to $3310 per ounce, marking the first drop since July 17 [1]. - Domestic gold jewelry prices also decreased, with brands like Chow Tai Fook and Chow Sang Sang seeing reductions in their gold prices [1][2]. - As of July 29, the price of gold jewelry from various brands has fallen below 1000 yuan per gram, with specific prices reported as follows: - Chow Sang Sang: 978 yuan per gram (down 12 yuan) - Lao Feng Xiang: 998 yuan per gram (down 2 yuan) - Others remained stable or saw minor changes [2][3]. Market Trends - The global gold price saw significant increases earlier in the year due to rising geopolitical tensions, with the London spot gold price rising 24.31% year-to-date as of June 30 [3]. - The average price of gold in the first half of 2025 was reported at $3066.59 per ounce, a 39.21% increase compared to the same period last year [3]. - The Shanghai Gold Exchange reported a similar trend, with Au9999 gold closing at 764.43 yuan per gram, up 24.50% year-to-date [3]. Future Outlook - Analysts suggest that while short-term speculative demand has weakened, long-term support from central bank purchases and financial investments may sustain gold prices [5]. - There is a possibility that the Federal Reserve may lower interest rates more than expected, which could lead to a further increase in gold prices by over 10% by the end of the year [5].

今日金市震荡：国内金价暴涨，国际金价跳水，投资风险与机遇并存 国内金价今日上演惊险一幕：回收价暴涨7元/克至768元/克（足金999），令不少市民跃跃欲试，准备出手家中闲置黄金饰品。然而，这波涨势背后暗藏玄 机，投资者需谨慎应对。 | 黄金种类 | 回收价格 | 黄金纯度 | 报价时间 | | --- | --- | --- | --- | | 黄金回收价格 | 768元 / 克 | 99.9%-99.999% | 2025 年 07 月 | | 22k 金回收价格 | 680元 / 克 | 91.6% | 2025 年 07 月 | | 18k 金回收价格 | 553元/克 | 75.0% | 2025 年 07 月 | | 14k 金回收价格 | 433元 / 克 | 58.5% | 2025 年 07 月 | | 999 铂金回收价格 | 303元 / 克 | 99.9% | 2025 年 07 月 | | 999 把金回收价格 | 254元/克 | 99.9% | 2025年07月 | 国内金价"独立行情"：今日上海期货交易所黄金期货价格报784.8元/克，现货价格则高达789元/克，两者价差达4.1 ...

Core Viewpoint - Domestic gold jewelry prices have been generally increased due to the rise in international gold prices [1] Price Adjustments - Chow Tai Fook's gold jewelry price has been raised to 1015 yuan per gram [1] - Chow Sang Sang's gold jewelry price has been raised to 1021 yuan per gram [1]

Domestic Gold Market - The overall gold prices in domestic brand stores remained stable compared to last Friday, with Chow Sang Sang experiencing a two-day price increase, reaching 1012 CNY per gram, the highest among gold stores [1] - Shanghai China Gold quoted the lowest price at 969 CNY per gram, resulting in a price difference of 43 CNY per gram between the highest and lowest priced stores [1] - The latest gold prices from various brands are as follows: Lao Miao 1004 CNY, Liu Fu 1008 CNY, Chow Tai Fook 1008 CNY, and others, with no significant changes except for Chow Sang Sang [1] Platinum Prices - Platinum prices rebounded after a significant drop on Saturday, with Chow Sang Sang's platinum jewelry price increasing by 3 CNY to 581 CNY per gram [1] Gold Recycling Prices - The gold recycling price saw a slight increase of 3.3 CNY per gram, with significant price differences among brands: the average recycling price is 765.20 CNY per gram, while Lao Feng Xiang offers the highest at 778.20 CNY [2] International Gold Market - Last Friday, spot gold prices rose, peaking at 3361.05 USD per ounce before closing at 3349.42 USD, marking a 0.31% increase [4] - As of the latest update, spot gold is trading at 3367.69 USD per ounce, reflecting a 0.55% increase [4] - The rise in gold prices is attributed to increased demand for safe-haven assets due to U.S. tariff policies and geopolitical tensions in the Middle East and Ukraine [4] - Concerns over the expanding U.S. debt and potential tariff escalations are expected to continue driving the gold market [4] - Recent U.S. inflation expectations and consumer confidence data have influenced market sentiment, with inflation expectations dropping to 4.4% from a previous 5.0% [4]

Core Viewpoint - The domestic gold jewelry prices remain stable compared to the previous day, with multiple brands reporting a price of 1008 CNY per gram for 24K gold jewelry [1]. Price Summary - Major brands such as Chow Tai Fook, Lao Feng Xiang, and TSL report a price of 1008 CNY per gram for their 24K gold jewelry [3][4]. - Chow Sang Sang lists a selling price of 1012 CNY per gram for its 24K gold jewelry [3]. - Lao Miao and other brands like Gold Supreme also maintain a price of 1005 CNY and 1008 CNY per gram respectively for their gold products [3][4]. - Cai Bai Jewelry offers a lower price of 982 CNY per gram for its 24K gold jewelry [4].

Core Insights - The gold market is experiencing significant volatility, with domestic and international gold prices showing mixed trends, leading to challenging decisions for investors [1][4][5] Price Trends - Domestic gold prices from major retailers such as Chow Tai Fook and Chow Sang Sang have increased, with prices exceeding 1005 yuan per gram, while the gold recovery price has decreased to 759 yuan per gram [2][4] - The international gold price in Shanghai is reported at 770.46 yuan per gram, down by 5.35 yuan, while New York gold prices fell to 3339.610 USD, a decrease of 3.29 USD [4][6] Market Dynamics - The disparity between retail gold prices and recovery prices highlights the risks in gold trading, with significant price gaps observed [2][5] - Factors influencing gold price fluctuations include interest rate expectations, dollar exchange rate volatility, and economic data releases, indicating a complex market environment [4][5] Investment Strategies - Short-term investors are advised to consider profit-taking due to the current price volatility, while long-term investors may find value in holding gold as a hedge against economic instability [5][7] - The market's mixed signals suggest that investors should carefully assess their investment goals and risk tolerance before making decisions [5][7]