政策红利打开低价购金窗口，一场千里淘金盛宴正在海南上演。 出品｜虎嗅商业消费组 作者｜柳柳 编辑｜苗正卿 题图｜AI生成 12月18日海南自贸港正式启动全岛封关，到今天已超过10天，多项相关政策，相继实现了首批业务落地。 海口海关数据显示，封关首周，海南新增外资备案企业1972家，同比增长2.3倍。 封关后，海南将以"零关税、低税率、简税制"为重点核心政策。政策指出，"零关税"政策主要包括："一 线"（国境线）全面放开：除极少数例外（如危害国家安全、生态环境等特殊物品），绝大多数境外货物进 入海南自贸港时，免征进口关税、进口环节增值税和消费税； "二线"（海南与内地之间）有限监管：海南与内地之间的货物流动视为"进口"，需按规定补税，但对岛内 企业生产的货物加工增值超过30%（含）进入内地时，免征进口关税（已在洋浦保税港区试点，封关后推 广至全岛）；特定清单"零关税"则全覆盖。 一个重要变化在于，"零关税"商品税目比例从封关前的约21%大幅跃升至74%。企业进口自用的生产设备、 运营所需的交通工具、原辅料，基本全部免征进口关税、增值税和消费税。个人购物享受的免税额度也提 升至每人每年10万元。 对于普通消费者来 ...

Core Viewpoint - The recent significant drop in gold jewelry prices among major domestic brands is attributed to a sharp decline in international gold prices, marking a rare and substantial correction after a year of rising prices. Price Movement - On December 30, major gold jewelry brands such as Chow Tai Fook, Lao Feng Xiang, and Lao Miao all saw price drops exceeding 40 yuan per gram, with Chow Sang Sang experiencing a drop of over 50 yuan per gram [1] - The gold price for major brands on December 30 includes: - Chow Tai Fook: 1363 yuan/gram, down 42 yuan - Chow Sang Sang: 1353 yuan/gram, down 53 yuan - Lao Feng Xiang: 1363 yuan/gram, down 45 yuan - Six Fortune Jewelry: 1361 yuan/gram, down 42 yuan [2][3] Market Influences - The price adjustment in gold jewelry is primarily influenced by a significant drop in international gold prices, which fell over 200 USD in a single day on December 29, reaching a low of 4301.79 USD per ounce, a decline of 4.42% [3] - Other precious metals such as silver and platinum also experienced notable declines during this period [3] Trading Regulations - The rapid increase in precious and industrial metal futures prices has led to heightened volatility risks, prompting the Chicago Mercantile Exchange to raise margin requirements for trading metals, effective after the close of trading on the following Monday. Gold futures margin will increase by 10%, silver by approximately 13.6%, and platinum by 23% [3] - This increase in margin requirements is expected to significantly raise the cost of speculative trading, leading some investors to liquidate positions before the new rules take effect, resulting in multiple rounds of price declines in international metal futures on December 29 [3] Market Sentiment - Analysts indicate that the recent price correction is driven by technical and liquidity factors rather than a fundamental shift in the long-term outlook for precious metals. Despite the short-term market sentiment being under pressure, the bullish drivers for gold remain intact [4] - UBS has raised its gold price target for the first three quarters of 2026 to 5000 USD per ounce, with an expectation that prices will retreat to 4800 USD per ounce by the end of 2026, higher than previous forecasts [4]

Group 1 - The international gold price is reported at $4,340.8 per ounce, while international palladium is at $1,608.4 per ounce, and international silver is at $72.28 per ounce. The domestic gold price is at ¥992.9 per gram [1] - Major domestic gold retailers have varying prices, with Lao Feng Xiang at the highest price of ¥1,408 per gram and China Gold at the lowest price of ¥1,312 per gram. Other notable prices include Chow Tai Fook at ¥1,405, Chow Sang Sang at ¥1,406, and Liufuk Jewelry at ¥1,405 per gram [1]

Core Viewpoint - The article discusses the recent significant decline in domestic gold jewelry prices and analyzes the potential for a continued bull market in gold for 2026, influenced by various economic factors and investor behavior [1][3]. Price Comparison - As of December 30, 2025, several gold jewelry brands reported a notable price drop for domestic 24K gold jewelry, with Lao Feng Xiang and Chow Tai Fook both priced at 1363 CNY per gram, while Lao Miao Gold was at 1359 CNY per gram, and Chow Sang Sang at 1353 CNY per gram. Liufu Jewelry maintained a price of 1403 CNY per gram [1][2]. Market Dynamics - The international gold price has seen fluctuations, dropping from a previous high of 4550 USD to around 4350 USD. The article raises the question of whether the gold bull market can continue into 2026 [2][3]. Support for Gold Market - Key factors supporting the gold market include expectations of interest rate cuts by the Federal Reserve, with three cuts totaling 75 basis points in 2025 and an anticipated 2-3 cuts in 2026. Additionally, global central bank gold purchases are expanding beyond geopolitical nations, with the share of dollar assets in global reserves decreasing from 72% to 56%, while gold reserves have increased to 25% [3]. Investor Behavior - Gold investment returns and capital inflows are positively correlated, with significant demand for gold observed in 2025, totaling 551.5 tons, 477.5 tons, and 537.2 tons in the first three quarters, respectively. Gold ETF and derivatives investments also showed strong performance, with figures of 226.6 tons, 170.5 tons, and 221.7 tons, all higher than the previous year. Despite a decline in gold jewelry consumption compared to the previous year, quarterly consumption remains high at nearly 400 tons [3]. Potential Risks - Possible negative factors for gold in 2026 include easing inflation pressures in the U.S., which historically led to declines in gold prices during periods of high inflation retreat. Additionally, liquidity pressures could prompt central banks to sell gold, as seen during the 1997 Asian financial crisis when global central banks sold gold, leading to significant price drops [4].

Market Overview - The jewelry sector experienced a decline of 0.45% on December 29, with ST Xinhua Jin leading the drop [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Individual Stock Performance - Notable performers included: - Chao Hong Ji (002345) with a closing price of 12.95, up 1.09% and a trading volume of 128,100 shares [1] - China Gold (600916) closed at 8.11, up 0.37% with a trading volume of 196,700 shares [1] - Jin Yi Culture (002721) closed at 3.10, up 0.32% with a trading volume of 400,800 shares [1] - Conversely, ST Xinhua Jin (600735) led the decline with a closing price of 4.90, down 4.30% and a trading volume of 159,000 shares [2] Capital Flow Analysis - The jewelry sector saw a net outflow of 23 million yuan from institutional investors and 6.94 million yuan from speculative funds, while retail investors had a net inflow of 29.94 million yuan [2] - The capital flow for individual stocks showed: - Chao Hong Ji had a net outflow of 20.61 million yuan from institutional investors [3] - China Gold experienced a net inflow of 456,520 yuan from institutional investors [3] - Deep China A (000017) had a net inflow of 330,950 yuan from institutional investors [3]

Group 1: Domestic Gold Prices - Domestic gold prices have shown a downward trend, with mainstream market prices falling to the range of 1403-1408 yuan per gram, a decrease from recent highs [1] - Major brands' gold prices are as follows: Lao Miao at 1403 yuan, Liu Fu at 1403 yuan, and Zhou Da Fu at 1405 yuan, all reflecting a decline [1] - Platinum jewelry prices have also decreased, with Zhou Da Fu's platinum price dropping by 29 yuan per gram to 950 yuan [1] Group 2: Gold Recycling Prices - Gold recycling prices have increased, with the following reference prices: 1001.40 yuan per gram for gold, 977.50 yuan for Cai Zi gold, and 967.20 yuan for Zhou Sheng Sheng gold [2] - The price differences among various brands for gold recycling are significant [2] Group 3: International Gold Prices - Last Friday, spot gold reached a record high of 4549.57 USD per ounce, closing at 4533.34 USD, up 1.19% [4] - Current spot gold shows a downward trend, reported at 4514.55 USD per ounce, down 0.39% [4] - The recent surge in gold prices was driven by expectations of multiple interest rate cuts by the Federal Reserve and geopolitical tensions [4] - Market sentiments have slightly eased following a meeting between US President Trump and Ukrainian President Zelensky, impacting gold prices negatively [4] - Short-term gold prices may experience downward pressure due to profit-taking and easing geopolitical tensions, although overall prices are expected to remain high [4]

Group 1 - The international gold price is reported at $4531.8 per ounce, while international palladium is at $1923.4 per ounce, and international silver is at $79.13 per ounce [1] - The domestic gold price is reported at ¥1016.5 per gram [1] Group 2 - Major domestic gold retailers have varying prices, with Lao Miao Gold at ¥1417 per gram as the highest and China Gold at ¥1312 per gram as the lowest [1] - Other notable prices include Chow Tai Fook at ¥1413 per gram, Chow Sang Sang at ¥1412 per gram, and Liufuk Jewelry at ¥1413 per gram [1] - Additional prices from other retailers include Xie Rui Lin at ¥1413 per gram, Jin Zhi Zun at ¥1413 per gram, Chao Hong Ji at ¥1413 per gram, Cai Bai Jewelry at ¥1372 per gram, Lao Feng Xiang at ¥1408 per gram, and Zhou Liu Fu at ¥1398 per gram [1]

Group 1 - The jewelry sector experienced a slight decline of 0.01% on December 26, with Feiya leading the drop [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] - Key stocks in the jewelry sector showed varied performance, with Cuihua Jewelry rising by 3.76% to a closing price of 13.53 [1] Group 2 - The main funds in the jewelry sector saw a net outflow of 35.5 million yuan, while retail investors had a net inflow of 20.95 million yuan [2] - The stock Feiya had a closing price of 15.22, down 1.36%, with a trading volume of 40,200 shares [2] - The stock data indicates that major funds had a net inflow in stocks like Shenchuan A and Cuihua Jewelry, while others like Laofengxiang and Mingpai Jewelry experienced net outflows [3]

#9块黄金价值50万元无人认领#【9块黄金共360克无人认领？价值50万元！警方：逾期将上缴国库！】 12月23日，陕西省神木市公安局发布公告表示，警方在办案中依法扣押了9块黄金，共计360克（每块均 刻有"老凤祥银楼"字样），至今无人认领。公告称，若逾期无人认领，上述黄金作将为无主财物处理， 依法进行拍卖、变卖，所得款项上缴国库。 值得一提的是，随着金价的不断上涨，近期黄金价格再度突破新高，12月24日，金价一度触及4525.83 美元/盎司。iFind数据显示，12月25日，老凤祥黄金市场价格为1398元/克，若以此估算，该批黄金价值 约为50.33万元。（南方日报） ...

Market Overview - The jewelry sector increased by 0.19% on December 25, with ST Xinhua Jin leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] Individual Stock Performance - ST Xinhua Jin (600735) closed at 5.04, up 5.00% with a trading volume of 75,700 shares and a turnover of 37.74 million yuan [1] - Jin Yi Culture (002721) closed at 3.13, up 1.95% with a trading volume of 610,100 shares and a turnover of 190 million yuan [1] - Feiya (000026) closed at 15.43, up 1.85% with a trading volume of 61,600 shares and a turnover of 94.93 million yuan [1] - Other notable performances include: - Cai Zi Co. (6655509) up 0.93% to 16.27 [1] - Mingpai Jewelry (002574) up 0.71% to 5.68 [1] - Diya Co. (301177) up 0.69% to 29.11 [1] - China Gold (600916) down 0.37% to 8.07 [1] - Lao Feng Xiang (600612) down 0.49% to 44.72 [1] Capital Flow Analysis - The jewelry sector experienced a net outflow of 51.72 million yuan from institutional investors and 19.44 million yuan from retail investors, while individual investors saw a net inflow of 71.17 million yuan [2] - Notable capital flows include: - Feiya (000026) had a net inflow of 10.98 million yuan from institutional investors [3] - ST Xinhua Jin (600735) saw a net inflow of 9.01 million yuan from institutional investors [3] - China Gold (600916) had a net inflow of 2.11 million yuan from institutional investors [3] - Lao Feng Xiang (600612) experienced a net outflow of 2.64 million yuan from institutional investors [3]