China National Gold (SH:600916) Sou Hu Cai Jing·2025-12-21 23:08Group 1 - The recent decline in gold prices in China has led to varying prices across different regions and retailers, with the price for 999 gold jewelry dropping to 1255 yuan per gram, a decrease of 12 yuan from the previous week [1] - Investment gold bars are priced differently, with China Gold's national guidance price at 1168 yuan per gram, while in Shenzhen's Shui Bei, they can be found for as low as 1130 yuan per gram due to lower operational costs and bulk purchasing [2] - The price differences in gold jewelry and investment bars are influenced by factors such as brand premiums, processing fees, and market conditions, with banks offering lower prices due to reduced branding and retail services [6] Group 2 - The recovery price for gold is primarily based on raw material prices, with China Gold's official buyback price set at 950 yuan per gram, which does not account for brand value [2] - The international market dynamics, including fluctuations in the US dollar, have a direct impact on domestic gold prices, with recent trends showing a downward movement in gold prices due to reduced risk appetite [3] - Consumers should differentiate between jewelry as a consumer product and investment gold bars, as the latter is designed for wealth preservation and is priced closer to raw material costs [4]