今年以来，黄金价格不断创下新高。近日，国际金价突破每盎司4000美元，年内涨幅约50%。截至发稿，现货黄金价格已达到每盎司4017.85美元。 国庆中秋期间，深圳水贝市场人流如织，社交媒体上流传的带整箱现金买黄金景象为消费情绪添上"一把火"。不过热闹背后，金价越涨，金店生意反而不 好做了。 10月9日，《每日经济新闻》记者走访深圳水贝黄金交易市场后了解到，因担心追高等原因，消费者购金观望情绪增强，部分店铺生意反而不如2024年同 期。此外，小克重黄金和首饰以旧换新更受消费者青睐。 有大型黄金销售集团人士向记者证实："金价持续上涨，对黄金消费是利空的。不过利好购买金条、金豆等投资金以及黄金回收业务。" 中国黄金协会数据也印证了这一现象。2025年上半年，全国黄金消费量505.205吨，同比下降3.54%。其中黄金首饰199.826吨，同比下降26%；金条及金币 264.242吨，同比增长23.69%。 水贝黄金市场"人旺财不旺" 作为国内最大的黄金珠宝交易集散地，水贝每年营收超过1000亿元，占据国内黄金珠宝批发市场份额的50%。 国庆中秋假期，深圳水贝黄金市场客流络绎不绝，有店主形容围得"水泄不通"。有商场工 ...

| W | | | | 伦敦金现 SPTAUUSDOZ.IDC | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 4017.845 | | 昨结 | | 3975.950 | | 总量 | | | | 0 | | +41.895 | +1.05% 开盘 | | | 3974.290 | | 现手 | | | | 0 | | 最高价 | 4022.901 | 持 | 12 | | 0 | S | ਵਿੱ | | | 0 | | 最低价 | 3946.590 | 报 | 仓 | | 0 | 内 | 물 | | | 0 | | સ્ત્રે B4 | 五日 | | HK | 園K | | 月K | | | 申文 | | | 叠加 | | | | | | 均价:0.000 | | | | | | 4022.901 | | | | | | | | | 4019.575 | | | | | | | | | | | | 4017.845 | | | | | | | | | | | 4:59 | 4018.5 ...

"这几天金价一直在涨，您这会儿不买的话，待会可能又要多花几百！""早上开盘910，最高931，一天 又涨了差不多二十块……"10月8日下午，水贝某黄金商铺柜员向顾客展示着计算器里的金额，并时不时 望向身后大屏上的实时金价。看着眼前跳动的数字，柜台前的人群中，不少人选择豪掷千金，也有的则 表示还要"再看看"。 随着国际金价近日大涨，国内黄金饰品价格也水涨船高，以周生生、周大福等知名品牌为例，其足金饰 品价格已超过1160元/克。作为全国最大黄金珠宝交易集散地，深圳罗湖水贝市场因黄金价格更接近金 价大盘，且一件也享批发价，黄金消费、以旧换新、黄金回收等交易高度活跃。 外国友人在水贝购物淘金 今年国庆假期，水贝各大商业体人流涨幅明显，以水贝壹号、IBC珠宝艺术世界来看，每日客流维持或 接近4万人次左右。"客流还是挺不错的，比去年同期增加15%以上。"水贝珠宝集团有关负责人表示。 记者在现场看到，水贝市场这边的金价一度突破930元/克，处于历史高位，但部分人气铺位前，依然不 乏前来看货、问价的人群。其间，一位外地大哥当场便刷了近7万元，给自己购置了一条"大金链"。 谈及持续火爆的人气，不少水贝片区商户表示，国庆原本就 ...

金价的风云变幻，总是牵动着不少人的心弦。当最新的金价数据出炉，精明的消费者们便迫不及待地拿出计算器，逐一演算。足金以每克865元的价格，10 克便需8650元；黄金9995紧随其后，每克860.01元，10克约合8600元；而以9999纯度为傲的千足金，价格稍高，每克871.6元，10克则要8716元；普通9999黄 金也报871元每克；就连作为硬通货的投资金条，也已飙升至每克885元，10克总价高达8850元。乍一看，这些数字间的差异似乎微不足道，但一旦购买数量 达到几十克乃至上百克，那差价便如同涓涓细流汇聚成江河，变得相当可观。 为何同为黄金，其价格却因名称略有不同？许多人对此感到困惑。足金与千足金，尽管听起来相似，价格也相近，但其内在的细分标准却存在着微妙的差 异。纯度越高，对工艺的要求自然也越为严苛。而投资金条与黄金饰品，更是走向了截然不同的两条道路。前者更接近于"硬通货"，其附加溢价较低，更适 合作为一种稳健的资产长期持有；后者则融入了设计与工艺的精巧，其价值更多体现在佩戴的艺术美感，而非单纯的投资属性。对于普通消费者而言，这几 元钱的价差，更多地源于自身需求的考量。 以一对总重约10克的金戒指为例 ...

乌kursiv网9月15日援引世界黄金协会（WGC）数据报道，2024年全球黄金产量达到3661吨，同比增长 0.5%。其中，乌兹别克斯坦黄金产量为129吨，占全球总量的3.5%，位居全球黄金生产国第十名。位居 前列还有中国（380吨）、俄罗斯（330吨）、澳大利亚（284吨）、加拿大（202吨）和美国（158吨） 等。 黄金主要买家依然是珠宝行业，2024年，珠宝业黄金消费量2003.5吨，同比下降9%。由于全球金价上 涨，珠宝业黄金消费支出同比增长9%，达到1440亿美元。 ...

Group 1 - Chow Tai Fook's stock rose over 3%, currently up 2.62% at HKD 16.06, with a trading volume of HKD 147 million [1] - The company confirmed that its "fixed price" gold products will see price increases starting in October, with further details on the adjustment to be announced later [1] - Huatai Securities noted that in Q1 FY26 (April to June 2025), the same-store sales growth (SSSG) in mainland China narrowed to -3.3%, while the Hong Kong and Macau markets turned positive at +2.2% [1] Group 2 - The rising gold prices and the changing consumer perception towards high-margin products like diamond-studded items have reinforced the value retention attributes of gold [1] - However, rapidly increasing gold prices have suppressed some traditional demand, and cost-plus pricing for gold products is facing gross margin pressure [1] - The breakthrough in design and craftsmanship has significantly enhanced the fashion attributes of gold, opening up self-indulgent consumption scenarios [1] Group 3 - The "fixed price" gold jewelry with strong product design has achieved a perfect blend of "fashion + value retention," with several companies reporting over 100% growth in this category for 2024 [1] - The gross margin for premium "fixed price" products ranges from 30% to 40%, ensuring the profitability of companies [1]

Core Insights - India's gold demand during the festival season is expected to be weaker than last year due to record-high gold prices, which may suppress jewelry purchases and offset moderate growth in investment demand [1] - The decline in gold demand in India, the world's second-largest gold consumer, could limit the recent surge in global gold prices [1] - Despite high gold prices, investment demand, particularly for gold ETFs, has been rising, indicating a shift in consumer behavior towards long-term investment in gold [2] Group 1: Gold Demand Trends - Gold prices in India reached a historic peak of 109,840 rupees per 10 grams, up 42% year-to-date, with a 21% increase projected for 2024 [1] - Consumer budgets are fixed, making it difficult to keep up with rising gold prices, leading to an expected decline in physical demand by approximately 10%-15% [1] - The fourth quarter typically accounts for one-third of India's gold sales, driven by wedding season and festivals, with 2024 demand reaching 265.8 tons due to price corrections [1] Group 2: Investment Demand and Consumer Behavior - Investment demand, especially for gold ETFs, has been increasing, with the ETF size in India approaching 160 billion rupees in Q1 2025, reflecting a strong long-term allocation willingness [2] - Structural changes in consumer behavior are evident, with a significant decline in non-essential jewelry purchases, while wedding-related demand is maintained through lightweight designs and trade-in options [2] - The share of trade-in jewelry consumption reached 60% in Q1 2025, with retailers offering installment payment plans to ease budget constraints [2] Group 3: Retail Market Challenges - Recent tax relief measures may partially boost retail demand, but the benefits of tax cuts have already been largely realized in 2024, leading to a 27% year-on-year decline in gold imports from January to May 2025 [3] - Retail jewelry consumption fell by 25% year-on-year to 71 tons in Q1 2025, marking the lowest level since 2020, with southern markets experiencing a similar decline [3] - Jewelers are adjusting product structures, increasing the market share of 18K gold jewelry from 5%-7% to over 15%, appealing to younger consumers seeking fashion and value [3] Group 4: Future Outlook - The World Gold Council predicts that if gold prices exceed $3,000 per ounce, India's total gold demand may drop to 700 tons in 2025, the lowest in four years [4] - Some institutions remain optimistic, suggesting that as consumers adapt to high gold prices and with favorable monsoon conditions, demand may rebound by 5%-10% in the fourth quarter [4] - The decline in India's gold import demand may limit global gold price increases, but central bank purchases could provide long-term support for prices [5]

Group 1 - The current high gold prices and the traditional consumption peak season ("Golden September and Silver October") are drawing attention to the gold consumption market [1] - The wedding gold jewelry sales season is strong, with consumer purchasing willingness remaining high despite rising gold prices [1] - According to a report from CITIC Securities, gold jewelry sales may perform well in the short term due to stable gold prices and a low base effect in Q3 2025 [1] Group 2 - Zhou Li Fu achieved a revenue of 3.15 billion yuan in the first half of the year, an increase of 5.2% year-on-year, and a net profit of 415 million yuan, up 11.9% year-on-year [1] - The company is exploring lighter and more fashionable product designs, utilizing strategies such as IP collaborations and combinations of gold with other materials to enhance product and brand attributes [1] - Zhou Li Fu has been included in the Hang Seng Composite Index, with changes effective from September 8, which may lead to its inclusion in the Hong Kong Stock Connect due to meeting various criteria [1]

Group 1 - The stock of Zhou Li Fu (06168) increased by over 9%, reaching 47.08 HKD with a trading volume of 63.97 million HKD [1] - The current high gold prices and the traditional consumption peak season ("Golden September and Silver October") have drawn attention to the gold consumption market [1] - The demand for wedding gold jewelry remains strong despite rising gold prices, as it is considered a necessity [1] Group 2 - Zhou Li Fu reported a revenue of 3.15 billion HKD in the first half of the year, a year-on-year increase of 5.2%, and a net profit of 415 million HKD, up 11.9% year-on-year [1] - The company is exploring lighter and more fashionable product designs, utilizing strategies such as IP collaborations and combinations of gold with other materials to enhance customer loyalty and profitability [1] - Zhou Li Fu has been included in the Hang Seng Composite Index, effective from September 8, which may lead to its inclusion in the Hong Kong Stock Connect due to meeting various criteria [1]

Core Viewpoint - Gold prices have reached a new historical high, leading to increased purchases of "golden grains" jewelry among young consumers [1] Group 1: Market Trends - A specific "golden grains" necklace is priced over twice the daily gold price per gram, with a 3-gram collaborative necklace selling for approximately 6000 yuan [1] - Sales personnel from a gold store reported that certain collaborative models sell over ten pieces daily [1] Group 2: Consumer Behavior - Experts advise consumers to engage in rational spending, emphasizing the importance of considering the actual value and liquidity of the products [1]