Core Viewpoint - The domestic price of gold jewelry in China has fallen below 1,000 yuan per gram due to a significant drop in international gold prices [1] Price Adjustments - Multiple gold retailers in China have reduced the price of 24K gold jewelry to below 1,000 yuan per gram as of May 13 [1] - Chow Tai Fook and Chow Sang Sang have lowered their gold jewelry prices to 992 yuan per gram, a decrease of 16 yuan from the previous day, totaling a drop of 30 yuan over two days [1] - Lao Miao has adjusted its gold jewelry price to 987 yuan per gram, down 13 yuan from the previous day, with a total decline of 32 yuan over two days [1]

Core Insights - International gold prices experienced a significant drop of $40 during the European trading session, raising questions about whether this is a market correction or a response from short sellers [1] Group 1 - The decline in gold prices may indicate a potential market reversal or a reaction from bearish investors [1]