国内金价下调：2025年9月11日人民币黄金的市场最新牌价

Core Insights - The international gold price has slightly fluctuated, currently reported at $3,646 per ounce, while domestic gold shop prices continue to rise significantly [1] - The price of 24K gold jewelry is consistently above 1,060 yuan per gram, with some brands like Chow Sang Sang pricing it at 1,074 yuan per gram, reflecting a 0.75% increase from the previous day and a 5.7% increase from ten days ago [2][3] - Major brands such as Lao Feng Xiang, Chow Tai Fook, and others are uniformly pricing their gold jewelry at around 1,073 yuan per gram, indicating a coordinated pricing strategy [3] - The wholesale price of pure gold in Shenzhen is approximately 834 yuan per gram, highlighting a significant markup in retail prices due to brand, design, and operational costs [13][14] Market Dynamics - Central banks globally are increasing their gold purchases, with the total amount of gold held by central banks surpassing U.S. Treasury holdings for the first time in 29 years, signaling a lack of confidence in the U.S. dollar [19] - The international gold price has risen over 40% this year, outperforming many other investment assets [19] - Historical patterns suggest that gold experiences bull markets approximately every ten years, with the current cycle starting in 2016, potentially nearing its tenth year [19] - The short-term, medium-term, and long-term technical outlooks for gold prices appear positive, indicating potential further increases [19] Investment Considerations - The current retail prices for gold jewelry are inflated due to additional costs, making gold bars or wholesale prices more relevant for serious investors [20] - The recovery prices for gold and platinum in the secondary market are significantly lower than retail prices, with pure gold recovery prices at 813 yuan per gram and platinum at 282 yuan per gram [10][17] - The price disparity between different brands for gold bars is notable, with prices ranging from 915 yuan to over 1,000 yuan per gram [6][7]