International Gold and Silver Market Dynamics - London spot gold closed at $4094.23 per ounce [3] - London spot silver closed at $46.9 per ounce [3] Domestic Real-Time Gold and Silver Prices - Domestic gold price is currently at ¥937.42 per gram [3] - Domestic silver price is currently at ¥10.8 per gram [3] - Domestic platinum price is currently at ¥356.6 per gram [3] Shanghai Gold Exchange Market Overview - Gold 9999 latest price is ¥935.77 per gram, up by ¥3.89, a 0.18% increase [3] - Gold 9995 latest price is ¥933.9 per gram, down by 0.73% [3] - Gold 100g latest price is ¥946 per gram, up by 0.59% [3] - mAuT D latest price is ¥933.5 per gram, down by 0.75% [3] - Gold T D latest price is ¥932.8 per gram, down by 0.94% [3] - Silver T D latest price is ¥11,352 per kilogram, up by 0.02% [3] Major Jewelry Brand Retail Prices - Major jewelry brands like Chow Tai Fook, Luk Fook, and others have retail prices for 99.9% pure gold at ¥1223 per gram [3] - Lao Feng Xiang and Lao Miao gold have retail prices at ¥1220 per gram [3] - Cai Bai Jewelry and China Gold have retail prices for 999 gold products at ¥1172 per gram [3] Precious Metal Recycling Price Reference - Gold (99.9% purity) recycling price is ¥915 per gram [4] - Silver (99.9% purity) recycling price is ¥9.1 per gram [5] Brand Product Structure Adjustments and Performance Analysis - Jewelry brands are shifting towards higher-margin "fixed-price" gold products to cope with rising gold prices and weak market demand [6] - Chow Tai Fook reported a 105.5% increase in sales of fixed-price gold products, but overall revenue fell by 17.5% year-on-year [6] - Net profit for Chow Tai Fook decreased by 8.98% year-on-year [6] - Fixed-price product retail value increased by 43.7% in Q2 2025, significantly boosting its revenue share [6] - Luk Fook Group also faced challenges, with same-store sales of fixed-price gold products up by 35.25%, but overall revenue and net profit down by 12.95% and 37.77% respectively [7] Factors Influencing International Gold Prices - The current exchange rate is 1 USD to ¥7.1215 [8] - Geopolitical risks may increase safe-haven demand, impacting gold prices [9] - Macroeconomic data, especially inflation and interest rate policies, significantly influence gold prices [10]