Group 1 - The current price of investment gold bars is approximately 935.4 yuan per gram, with an additional handling fee of 13 yuan, totaling about 948.4 yuan per gram [1] - There has been an increase in customer traffic at investment gold bar counters, with some products like 10-gram gold bars currently out of stock due to high demand [2][4] - The spot gold price has shown fluctuations, with a recent peak of 4150 USD per ounce, reflecting a 1.27% increase on October 23 [3][4] Group 2 - Many investors are actively monitoring gold prices and making purchases, with some opting for smaller weight gold bars [6] - A significant number of customers are also participating in gold buyback programs, with long queues observed at the buyback counters [7] - The buyback price for gold bars is set at the investment base price minus 3.8 yuan per gram, while the buyback price for gold jewelry is minus 5 yuan per gram [8] Group 3 - Investors are expressing mixed sentiments about the market, with some choosing to sell their gold bars to realize profits while others are looking to buy more at lower prices [9][10] - The buying and selling activities are influenced by recent price changes, with some investors feeling uncertain about future price movements [9][10]

Core Viewpoint - The article discusses the recent volatility in gold prices, highlighting the reasons behind the fluctuations and their implications for the general public [2]. Group 1 - The investment community is currently focused on gold, with daily price movements capturing significant attention [2]. - The article aims to explore the underlying factors contributing to the "gold storm" and its impact on ordinary individuals [2].

Core Viewpoint - The recent sharp decline in gold prices has caused significant concern among investors, with a notable drop of over 6% in the international market, marking the largest single-day decline since April 2013 [3][14]. Group 1: Market Performance - On October 21, the international gold price fell to $4,109.10 per ounce after reaching a record high of $4,381 the previous day [3]. - Domestic gold prices also experienced a drastic drop, with the price per gram falling from a high of 981.44 yuan to 918.66 yuan, a decrease of over 60 yuan in one night [5]. - Silver prices followed suit, dropping to a low of $48.803 per ounce, with a decline of 7.08% [7]. Group 2: Investor Sentiment - The sudden market fluctuations have led to a wave of panic among investors, with many expressing feelings of despair on social media [9]. - Some investors reported significant losses, with one individual stating they lost an amount equivalent to an iPhone 17 overnight due to the price drop [11]. - Long-term investors are adopting a strategy of buying during the downturn, although some are struggling to find the right entry point [12][13]. Group 3: Market Analysis - The recent surge in gold prices, which increased by over 25% in the last two months and approximately 56% year-to-date, is attributed to geopolitical risks, expectations of interest rate cuts, and central bank purchases [15][14]. - Analysts suggest that the current price adjustment is a natural correction following the rapid increase in prices [16]. - Future gold price movements are expected to depend on two key factors: the Federal Reserve's interest rate decisions and the potential escalation of geopolitical risks [17].

受10月21日晚间国际金价暴跌影响，10月22日、10月23日国内金饰价格出现一定幅度的下探。 10月23日国内黄金饰品价格对比显示，多家黄金珠宝品牌公布的境内足金首饰价格较21日下跌，其中亚一金店、老庙足金报价1222元/克，较22日上涨11 元/克，较21日跌72元/克；老凤祥报1222元/克，较22日跌7元/克，较21日跌68元/克；周大福、六福、潮宏基、周大生报1223元/克，较22日跌12元/克，较 21日跌69元/克；周六福报1145元/克，与22日持平，较21日跌64元/克。 黄金价格起伏，搅动"淘金"人群。据新京报贝壳财经10月23日报道，记者走访菜百商场等品牌金店看到，由于黄金价格有所降低，实物投资金柜台旁围满 了购金者，部分投资者"到店即买"。 4381美元的历史高点还没站稳，本周二（10月21日）国际金价一日内暴跌近300美元至每盎司4082美元，日内跌幅高达6%以上，创下2013年以来最大单日 跌幅。无独有偶，当天白银现货价格也大跌7.5%至每盎司48.37美元。在随后的周三，国际金价继续走低，今天（23日），现货黄金先是下跌再直线拉 升，走出类"V"字行情。 金价下跌不易 投资者连夜 ...

Core Viewpoint - Recent fluctuations in gold prices have led investors to reconsider the liquidity of their gold assets, prompting discussions on selling gold jewelry and bars for cash [1] Summary by Sections Gold Repurchase Channels - Main channels for selling gold include certain jewelry stores and banks that offer repurchase services, but prices can vary significantly and are often limited to products sold by those specific retailers [1][2] - Some third-party institutions, including gold companies like China Gold, also provide gold repurchase services [1] Repurchase Policies - Most jewelry stores and banks primarily repurchase their own products, with only a few exceptions allowing for the repurchase of other brands, often at lower prices [2] - Not all banks and jewelry stores offer repurchase services; for instance, some banks like Xinyu Bank do not provide such services, while others have restrictions on the products they will repurchase [2][5] Pricing and Valuation - As of October 21, 2023, the price for AU99.99 gold was approximately 987 CNY per gram on the Shanghai Gold Exchange, while repurchase prices from various retailers and banks ranged from 965 CNY to 985 CNY per gram [2][4] - Jewelry stores like Chow Tai Fook and Luk Fook offer trade-in services, with valuation based on the condition and original purchase price of the gold items [2][4] Repurchase Process - The repurchase process at banks is generally more complex than at jewelry stores, requiring documentation such as purchase receipts and original packaging [6] - Banks often require appointments and may conduct inspections before finalizing the repurchase price, while some banks like Ping An Bank offer online appointment and pickup services [6] Investment Considerations - For investment purposes, gold bars may be a better option compared to jewelry, as they are more widely accepted for repurchase and typically incur lower discounts compared to market prices [8] - Banks offer various gold investment products, including gold accumulation plans that allow investors to convert their holdings into physical gold or sell their gold shares without holding the physical asset [9]

那是2013年，国际金价从每盎司1790美元一路跌到1200多美元。各大商场柜台挤满人，央视还拍过"抢金热"的画面。结果呢？不到半年，金价又 跌了一成多。那波冲进去的人，真是被套了整整几年。 你有没有发现，大妈们真的是市场上最有仪式感的一群人。黄金一涨，立刻排队去抢，朋友圈全是手镯、项链、金条。好像不买点金子，生活就 缺了点底气。问题是，十年前她们也这么干过。 但市场从来不会因为信念给你打折。 黄金涨得最猛那几年，比如2020年疫情初期，美联储无限量宽松，金价冲到每盎司2070美元。可等通胀见顶、美元反弹后，2021年金价立刻跌回 1700多美元，全球黄金ETF持仓一个季度蒸发了近200吨（来源：世界黄金协会）。 我那时候就在想，黄金到底是抗风险，还是抗寂寞？ 其实你回头看，每一轮大妈入场，几乎都踩在高潮点上。不是她们不聪明，是她们代表了普通人的心理。手里有点闲钱，看股市心慌，看房子门 槛高，看理财产品怕爆雷。黄金能摸得到、看得见，还能戴。安全感这玩意儿，比收益率好卖多了。 可黄金也有周期。美国劳工部的数据很清楚：当实际利率上升时，金价几乎都要回调。现在美联储虽然放慢加息，但还没降息。市场炒的是预 期，不是现 ...

Core Viewpoint - Recent fluctuations in gold prices have led to increased consumer purchasing behavior, with many investors taking advantage of the price volatility to buy gold [2][4][6]. Price Fluctuations - Gold prices experienced significant volatility, peaking at $4,398 per ounce on October 20, followed by a drop of over 6% to $4,138.50 on October 21, and further adjustments in the following days [3][4]. - As of October 23, COMEX gold was reported at $4,116, reflecting a 1.24% increase, while London gold was at $4,113.266, up 0.37% [1][3]. Consumer Behavior - The recent price drops have stimulated consumer interest in purchasing gold, with reports of low inventory levels in stores and the need for pre-orders for various gold bar specifications [2][4]. - The demand for gold jewelry, particularly for wedding-related purchases, has also surged, prompting retailers to increase stock and plan promotional activities [4][6]. Market Analysis - Analysts attribute the recent price increases to factors such as U.S.-China trade tensions, expectations of U.S. Federal Reserve rate cuts, geopolitical tensions, and central bank gold purchases [4][6]. - Despite the recent downturn, experts suggest that the long-term bullish outlook for gold remains intact, driven by ongoing global economic uncertainties and the potential for further monetary easing in the U.S. [6][7]. Investment Strategies - Analysts recommend a strategy of small, incremental purchases to average down costs during price fluctuations, emphasizing the importance of not engaging in panic buying or selling [2][6][7]. - The consensus among financial institutions is that while short-term price movements may be volatile, the fundamental reasons for holding gold as a hedge against currency devaluation and economic instability remain strong [6][7].

Core Viewpoint - The gold market in 2025 is experiencing a remarkable surge, with London gold prices rising over 56% year-to-date, reaching new highs, but a recent sharp decline has raised questions about the sustainability of this trend [1][3][10]. Price Movement and Market Dynamics - As of October 22, 2025, the London gold price started at $2,650 per ounce and peaked at $4,381.48, with a year-to-date increase of 56.55% and an annualized return of 70.93% [3]. - On October 21, 2025, gold prices experienced a significant drop of 6.3%, attributed to easing geopolitical tensions and profit-taking by investors [1][3]. Institutional Outlook - Despite short-term fluctuations, institutions maintain a long-term optimistic outlook, with Goldman Sachs raising its 2026 gold price forecast from $4,300 to $4,900 per ounce [4]. Key Drivers of Gold Price Increase 1. **Central Bank Purchases**: Central banks, particularly in emerging markets, have been accumulating gold, with a net purchase of 1,037.4 tons in 2023, representing 21.2% of total demand, and this trend is expected to continue [7]. 2. **U.S. Federal Reserve Policy Shift**: Expectations of a shift in Federal Reserve policy, including a potential 100 basis point rate cut by mid-2026, are expected to lower the opportunity cost of holding gold, making it more attractive to investors [8]. 3. **Safe-Haven and Inflation Hedge Demand**: Geopolitical risks and inflation concerns have reinforced gold's dual role as a safe-haven asset and an inflation hedge, leading to robust demand [9]. Short-Term Adjustments - The recent price correction is viewed as a technical adjustment rather than a fundamental shift, providing a potential buying opportunity for long-term investors [10][11]. - Historical trends indicate that a 5%-10% correction is common during a strong upward trend, suggesting that the current pullback may be a consolidation phase [12]. Investment Strategy for Ordinary Investors - Ordinary investors are advised to view gold as a risk management tool rather than a short-term speculative asset, focusing on long-term allocation [15]. - Gold ETFs, such as the South China Gold ETF (code: 159834), are recommended for their convenience and lower costs compared to physical gold or futures [16][17]. - A systematic investment approach, such as dollar-cost averaging or incremental buying during price dips, is suggested to mitigate risks associated with market volatility [18]. Conclusion - The gold market's fundamentals remain strong despite recent price adjustments, with key drivers like central bank purchases and geopolitical tensions still in play. Investors are encouraged to focus on long-term strategies and utilize accessible investment vehicles like gold ETFs to capitalize on the ongoing market dynamics [19].

每经AI快讯，10月23日，现货黄金日内涨幅扩大至1%，报4139.7美元/盎司。 ...

暴跌后的黄金何去何从？急跌是否蕴含着抄底机会？ 毫无疑问，金价暴跌引发了全球金融市场的热议。"客户们在询问，周二黄金的回调是否标志着正式大 幅回调的开始。"瑞银贵金属分析师劳里柯比说，"亚洲交易时段，金价一度暴跌至近每盎司4000美元， 但周三已有金融机构大举买入，且随着美元多头头寸平仓，整个黄金市场正逐步回升。" 劳里柯比表示，需记住两点核心逻辑：一是持有黄金的根本理由未变，包括美元对冲、量化宽松对冲、 地缘政治风险对冲、投资组合分散工具等；二是黄金需求仍在回升。上海黄金溢价表明实物需求旺盛， 瑞士私人银行及瑞银全球财富管理客户也在全面买入黄金，从金币到各种规格的金条。此外，黄金ETF 和各国官方部门的购金行动尚未停止。 劳里柯比判断，黄金当前的回调是健康的"喘息期"，为投资者提供了理想的入场机会。 高盛分析师Lina Thomas和Daan Struyven在周三的一份报告中写道，他们仍然"结构性看涨黄金"。 高盛维持到2026年底，金价将达到每盎司4900美元的目标价不变。 01 高盛分析师表示，主要的长线投资者——从主权财富基金到养老金和资产管理公司——正计划在其投资 组合中增加黄金配置，以分散风险。 ...