金价下跌部分品牌金饰涨价

Core Viewpoint - After reaching historical highs, international gold prices have begun to decline, yet major brands are still increasing the prices of their gold jewelry products [1] Group 1: Price Adjustments by Major Brands - Laopuhuangjin has announced its third price increase of the year, with some ancient-style gold jewelry prices rising by over 20% [1] - Chow Tai Fook plans to raise retail prices of gold products by 12% to 18% by the end of October, citing a mechanism to monitor gold price fluctuations for timely adjustments [1] Group 2: Market Dynamics and Performance - Despite the recent drop in spot gold prices, leading brands are raising prices to enhance the proportion of processing fees and maintain stable gross margins [1] - Laopuhuangjin reported a revenue of 12.354 billion yuan, a year-on-year increase of 251%, and an adjusted net profit of 2.35 billion yuan, up 291% [1] - The gross margin for Laopuhuangjin slightly decreased to approximately 38.1% during the reporting period due to the rapid increase in gold prices following price adjustments [1] Group 3: Gold Price Trends and Market Sentiment - Spot gold prices fell nearly 2% to $4,030 per ounce, while futures prices also dropped close to 2% to $4,055 per ounce [1] - Analysts suggest that the recent decline in gold prices is due to profit-taking by long positions after a sustained increase since September [1] - Most market institutions believe that gold prices will likely remain high in the short term, with some expecting a long-term upward trend to continue [1]