Core Insights - The rising gold prices have created a mixed impact on the jewelry market, benefiting some brands while putting pressure on others [1][3] Group 1: Gold Price Trends - The spot gold price has been continuously increasing, with domestic gold jewelry prices surpassing 1210 RMB per gram, up over 20 RMB from the previous day [1] - Compared to late September, gold jewelry prices were around 1100 RMB per gram, indicating a significant price increase [1] Group 2: Brand Performance - Old Poo Gold (老铺黄金) reported a revenue of 12.354 billion RMB for the first half of 2025, a year-on-year increase of 251%, and a net profit of 2.268 billion RMB, up 285.8% [3] - In contrast, traditional gold jewelry brands like Chow Sang Sang (周生生), China Gold (中国黄金), Chow Tai Fook (周大福), and Zhou Dazheng (周大生) faced performance pressures, with revenue declines of over 10% to 40% [3] Group 3: Market Dynamics - The continuous rise in gold prices has led to a decline in gold jewelry consumption, with a reported 26% decrease in consumption volume in the first half of 2025 [3][5] - The jewelry market is experiencing a split, where brand and product design are becoming core competitive advantages, as the growth model based on channel expansion is proving unsustainable [4] Group 4: Retail Landscape - The World Gold Council noted that the ongoing weakness in gold jewelry consumption is leading to a reduction in retail outlets, further constraining consumer purchasing channels [5] - Despite short-term challenges, the elimination of underperforming stores is expected to benefit the market's long-term health, shifting focus from price competition to emotional value and design [5]

近期，金价每日都在"再创新高"。10月14日，国际金价持续上涨，现货黄金更是轻松突破4100美元关口，截至发 稿时，现货黄金已经逼近4150美元整数关口。COMEX黄金期货则一度涨超4168美元/盎司。受国际金价接连大幅 上涨影响，国内品牌金饰品克价已经突破1200元。 法国兴业银行分析师Micheal Haigh与Ben Hoff发布的报告显示，该行已将2026年底的金价目标上调至每盎司5000 美元。 文/北京青年报记者 张鑫 编辑/张丽 上周，受各国央行对黄金的需求依旧强劲、美联储降息预期以及全球经济前景仍充满不确定性等因素影响，国际 金价全周上涨，纽约商品交易所黄金期货主力合约价格累计上涨2.34%。 受国际金价近期明显上涨影响，国内金价随之水涨船高。周生生14日金饰价格1213元/克，较前一日上涨25元/ 克。 今年以来，纽约商品交易所黄金主力合约期货价格累计涨幅超过51%。世界黄金协会称，截至目前，今年是1979 年以来金价涨幅最大的一年。 10月13日，多重因素共同推升避险需求，金价持续强势突破4100美元整数关口，创近5个月最大单日涨幅。截至收 盘，COMEX黄金期货涨3.24%报4130美元 ...

【金饰克价突破1200元，#足金饰品年内每克已涨400元#】受国际金价影响，中国国内珠宝品牌足金首 饰价格也出现上涨。14日，从已更新的情况来看，周生生足金饰品价格已涨至1213元/克。公开信息显 示，2025年初，上述珠宝品牌足金饰品价格围绕800元/克波动。截至发稿前，年内足金饰品价格每克上 涨约400元。#金价首次站上4130美元# ...

下载财联社APP获取更多资讯 准确 快速 权威 专业 受国际金价影响，中国国内珠宝品牌足金首饰价格也出现上涨。14日，从已更新的情况来看，周生生足金饰品价格已涨至1213元/克。 公开信息显示，2025年初，上述珠宝品牌足金饰品价格围绕800元/克波动。截至发稿前，年内足金饰品价格每克上涨约400元。 | | | 最後更新时间: 2025-10-14 10:10:06 | | --- | --- | --- | | | | 金价(人民币) | | 足金饰品(每克) | 卖出 | ¥1213 | | | 换金价 | ¥1057 | | | 换珠宝价 | ¥1057 | | 950铂金饰品 (每克 ) | 卖出 | ¥667 | | | 换金价 | $535 | | 生生金宝(每克) | 卖出 | ¥1075 | 7x24h电报 头条新闻 VIP资讯 实时盯盘 ...

每日经济新闻 法国兴业银行分析师Micheal Haigh与Ben Hoff发布的报告显示，该行已将2026年底的金价目标上调至每 盎司5000美元。两位分析师表示："鉴于黄金ETF（交易所交易基金）资金流入势头持续强劲，且预计 各国央行购金需求将保持稳定，我们有信心且认为有必要更新此前的金价目标。"他们指出："目前来 看，由于资金流入速度已超出我们最初的预期，我们预计到2026年底，金价将达到每盎司5000美元。" 10月13日，多重因素共同推升避险需求，金价持续强势突破4100美元整数关口，创近5个月最大单日涨 幅。截至收盘，COMEX黄金期货涨3.24%报4130美元/盎司；截至亚市收盘，黄金ETF华夏（518850） 涨2.98%，黄金股ETF（159562）涨3.40%。 CMEFedWatch显示，10月与12月各降息25bp概率分别为96%与87%，美联储降息预期强化，纽约联储主 席威廉姆斯重申支持年内进一步降息以应对劳动力市场疲软。 ...

CMEFedWatch显示，10月与12月各降息25bp概率分别为96%与87%，美联储降息预期强化，纽约联储主 席威廉姆斯重申支持年内进一步降息以应对劳动力市场疲软。 10月13日，多重因素共同推升避险需求，金价持续强势突破4100美元整数关口，创近5个月最大单日涨 幅。截至收盘，COMEX黄金期货涨3.24%报4130美元/盎司；截至亚市收盘，黄金ETF华夏(518850)涨 2.98%，黄金股ETF(159562)涨3.40%。 法国兴业银行分析师Micheal Haigh与Ben Hoff发布的报告显示，该行已将2026年底的金价目标上调至每 盎司5000美元。两位分析师表示："鉴于黄金ETF(交易所交易基金)资金流入势头持续强劲，且预计各国 央行购金需求将保持稳定，我们有信心且认为有必要更新此前的金价目标。"他们指出："目前来看，由 于资金流入速度已超出我们最初的预期，我们预计到2026年底，金价将达到每盎司5000美元。" ...

Core Viewpoint - The international gold prices have surged significantly due to strong demand from central banks, expectations of interest rate cuts by the Federal Reserve, and ongoing global economic uncertainties, marking 2023 as the year with the largest price increase since 1979 [3]. Group 1: Gold Price Movements - On October 13, spot gold prices reached a high of $4080 per ounce, while COMEX gold futures rose over 2.3%, hitting $4099.6 per ounce [1]. - For the week, the main COMEX gold futures contract price increased by 2.34%, contributing to a year-to-date increase of over 51% [3]. - October has seen continuous highs in international spot gold prices, with the Shanghai Gold Exchange reporting a morning price of 919 yuan per gram on October 13, reflecting a 50% increase since the beginning of the year [3]. Group 2: Domestic Gold Jewelry Prices - Domestic gold jewelry prices have also risen, approaching 1200 yuan per gram, with specific products like Chow Sang Sang's gold jewelry priced at 1188 yuan per gram, up 12 yuan from the previous day, and Lao Miao's gold jewelry at 1189 yuan per gram, up 6 yuan [3]. Group 3: Market Risks and Investor Guidance - In response to the rapid increase in gold prices and heightened market volatility, major banks such as Industrial and Commercial Bank of China and China Construction Bank issued risk alerts regarding precious metal price fluctuations, advising investors to stay aware of market changes and invest rationally based on their financial situation and risk tolerance [3].

Core Insights - Gold prices have reached a historical high, with London spot gold nearing $4,060 per ounce, marking the largest annual increase since 1979, driven by factors such as Federal Reserve interest rate cut expectations and U.S. tariffs [1] Group 1: Gold Price Trends - As of the morning of the 13th, London spot gold was reported at $4,047.30 per ounce, reflecting a 0.72% increase [1] - The New York Mercantile Exchange gold futures contract has seen a cumulative increase of over 51% this year, with a weekly rise of 2.34% [1] - The World Gold Council indicates that this year has the highest price increase for gold since 1979 [1] Group 2: Consumption Patterns - China's gold consumption is projected to be 505.205 tons in the first half of 2025, showing a year-on-year decline of 3.54% [1] - Gold jewelry consumption in China has decreased by 26% to 199.826 tons, while gold bars and coins have increased by 23.69% to 264.242 tons [1] - Industrial and other gold usage has seen a slight increase of 2.59% to 41.137 tons [1] Group 3: Market Dynamics - The current gold market is experiencing a structural shift, with investment demand for gold surpassing its decorative use, becoming the main driving force in the market [1]

Core Viewpoint - The international gold price has strengthened, leading to increased consumer interest in gold jewelry, particularly in the Shenzhen market where prices have risen significantly in a short period [2][3][5]. Price Trends - As of October 12, the base selling price for gold jewelry in the Shenzhen market reached 922 yuan per gram, an increase of 11 yuan from the previous day [2][3]. - The price has surged by over 50 yuan per gram in just a few weeks, with prices around 870 yuan per gram before the National Day holiday [5]. Market Dynamics - The market operates with a transparent and unified pricing system, making it more attractive to consumers compared to branded jewelry stores, which have prices around 1180 yuan per gram [5]. - The processing fees for gold products in the market are relatively low, ranging from 5 yuan per gram for gold bars to 20-50 yuan for more complex designs [6]. Consumer Behavior - There is a notable increase in demand for wedding-themed gold products, with many consumers traveling from other regions to purchase jewelry for upcoming weddings [9]. - Despite the high demand for wedding jewelry, there is a growing cautiousness among consumers regarding general gold purchases due to rising prices, leading to increased activity in gold recycling and trade-in programs [9][10]. Product Innovation - New craftsmanship techniques, such as "5D" and "5G" gold, are gaining popularity, allowing for lighter and more intricately designed jewelry, which appeals to consumers looking for value [10].

Core Viewpoint - A global wave of risk aversion is driving the precious metals market to new heights, with gold prices surpassing $4000 per ounce for the first time in history, reflecting a cumulative increase of 123% since 2022 and a 53% rise in 2025 alone [1][11]. Group 1: Gold Market Dynamics - As of October 10, 2023, gold prices have shown a remarkable increase, with a "rocket-like" surge from $3500 to $4000 per ounce in just 169 days [1]. - The price of gold jewelry has also risen significantly, with the cost of 100 grams of gold jewelry now approaching 110,000 yuan, an increase of over 30,000 yuan compared to the previous year [7][4]. - Despite the rising gold prices, foot traffic in gold stores has decreased, indicating a potential shift in consumer behavior due to higher costs [8]. Group 2: Factors Supporting Gold Price Increase - The primary drivers of the current gold price surge include increased gold purchases by central banks and a significant rise in gold ETF holdings, with global central banks net purchasing gold for 19 consecutive quarters [11][14]. - In September 2023, global gold ETFs saw a record inflow of $17.3 billion, marking the highest monthly inflow ever [14]. - Predictions suggest that gold could reach $4500 per ounce in the first quarter of 2024, with some analysts forecasting a long-term bull market for gold, potentially pushing prices to $5000 per ounce within the next decade [18]. Group 3: Market Sentiment and Future Outlook - A majority of central banks (95%) plan to continue increasing their gold reserves in the coming year, reflecting a strong bullish sentiment in the market [18]. - Analysts from various institutions, including Goldman Sachs and Citic Securities, are optimistic about gold's future price trajectory, citing geopolitical tensions and a weak dollar as supportive factors [18]. - However, there are concerns that a resolution of global geopolitical tensions could lead to a decline in gold prices, highlighting the dual nature of market sentiment [18].