Sou Hu Cai Jing·2026-02-02 03:23Group 1 - Spot silver prices dropped by 5% to $79.4 per ounce on Monday [1] - Spot gold fell by 1.4%, with significant fluctuations noted in the market [3] - On January 30, international gold prices experienced the largest single-day drop in 40 years [3] Group 2 - Following the drop in gold prices, there was a surge of consumers in Shenzhen's Shui Bei market buying gold, with prices for gold jewelry generally below 1200 yuan [4][5] - A notable increase in gold purchases was observed, particularly among couples preparing for weddings, with plans to spend around 50,000 yuan on gold jewelry [7] - A large gold bracelet weighing approximately 202 grams was priced at around 260,000 yuan, indicating high consumer interest in wedding-related gold items [10] Group 3 - Some merchants in Shui Bei reported a shortage of gold bars due to reduced supply from wholesalers, with gold bar prices dropping over 50 yuan to 1,141.5 yuan per gram [12][13] - Merchants indicated that they are cautious about selling gold due to the volatile market conditions, with some choosing not to sell at all [13][14] - Banks such as ICBC and ABC have adjusted their gold accumulation business and issued risk warnings due to the significant price fluctuations in precious metals [15][16]