Chang Jiang Ri Bao·2025-10-09 14:01Core Viewpoint - The price of gold jewelry in China has seen a significant increase following the National Day holiday, with various brands reporting substantial price hikes in gold per gram. Price Trends - On October 9, the price of gold jewelry from Chow Sang Sang reached 1170 RMB per gram, an increase of 45 RMB compared to September 30 [2] - Other brands such as Chow Tai Fook and Luk Fook also reported their gold prices at 1168 RMB per gram, up from 1123 RMB, marking a similar increase of 45 RMB [2] - Lao Miao's gold price was reported at 1160 RMB per gram, up 34 RMB from the previous period, while brands like Chow Tai Fook, Lao Feng Xiang, and Chao Hong Ji saw increases between 30 to 40 RMB per gram [2] Stock Market Reaction - On October 9, gold-related stocks in the A-share market experienced a collective surge, with Sichuan Gold hitting the daily limit up, and other companies like Shandong Gold and Zijin Mining seeing increases of over 7% [3][4] - Specific stock performances included Sichuan Gold at 30.48 RMB (+10.00%), Shandong Gold at 43.26 RMB (+9.99%), and Zhongjin Gold at 23.89 RMB (+8.94%) [4] Future Outlook - Multiple research institutions express optimism regarding the future price of gold, citing a clear long-term upward trend [5] - Guosen Securities indicates that the recent rise in international gold prices is not coincidental, attributing it to a combination of long-term logic, short-term factors, and market sentiment [5] - The report highlights a trend of de-dollarization and diversification of reserve assets among countries, with gold emerging as a significant alternative, supported by increasing demand [5] - As of the end of September, China's gold reserves stood at 74.06 million ounces, reflecting a month-on-month increase of 40,000 ounces, marking the 11th consecutive month of gold accumulation [5]