记者实探。 "真没想到，不到半个月一克金价就跌了近90元。"在深圳水贝黄金珠宝市场，记者见到几位投资者正在出售自己的金条，"水贝这边回收金条的价格比银 行高，最近金价涨得快跌得也快，还是见好就收"。 最近，国际金价在刷新历史高位后急速回调。上周，现货黄金单周跌幅超过3%，自8月22日后首次收出周阴线。10月28日，伦敦金现盘中一度跌破每盎司 3900美元关口。国际金价的剧烈波动，也迅速传导至消费端。28日，证券时报记者来到深圳水贝黄金珠宝市场发现，与销售市场相比，黄金回收市场变得 更"旺"。 28日，记者在水贝黄金珠宝市场看到，当天的金饰金价为每克922元左右。有商户负责人表示，最近金价跌得很快，这种剧烈的行情或许会经常出现，而 在10月17日水贝黄金珠宝市场的金饰克价一度接近1010元，9月初的金饰克价则还不到800元。 （28日水贝市场金价 吴家明/摄） 还有商户表示，以往每逢金价大跌，零售生意就会迅速回暖。最近几天，与销售回暖相比，黄金回收量的增长更为明显，环比上月增长近15%，显示消费 者还是比较谨慎。"最近金价表现确实比较极端，我跟客户说不要轻易追高，现在跌了也不要焦虑。" 面对价格大幅下跌，有投资 ...

记者实探。 "真没想到，不到半个月一克金价就跌了近90元。"在深圳水贝黄金珠宝市场，记者见到几位投资者正在出售自己的金条，"水贝这边回收金条的价格比银 行高，最近金价涨得快跌得也快，还是见好就收"。 最近，国际金价在刷新历史高位后急速回调。上周，现货黄金单周跌幅超过3%，自8月22日后首次收出周阴线。10月28日，伦敦金现盘中一度跌破每盎司 3900美元关口。国际金价的剧烈波动，也迅速传导至消费端。28日，证券时报记者来到深圳水贝黄金珠宝市场发现，与销售市场相比，黄金回收市场变得 更"旺"。 28日，记者在水贝黄金珠宝市场看到，当天的金饰金价为每克922元左右。有商户负责人表示，最近金价跌得很快，这种剧烈的行情或许会经常出现，而 在10月17日水贝黄金珠宝市场的金饰克价一度接近1010元，9月初的金饰克价则还不到800元。 （28日水贝市场金价吴家明/摄） 还有商户表示，以往每逢金价大跌，零售生意就会迅速回暖。最近几天，与销售回暖相比，黄金回收量的增长更为明显，环比上月增长近15%，显示消费 者还是比较谨慎。"最近金价表现确实比较极端，我跟客户说不要轻易追高，现在跌了也不要焦虑。" 面对价格大幅下跌，有投资者 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 实探丨不到半月跌近90元！黄金回收市场更"旺"！ 记者实探。 "真没想到，不到半个月一克金价就跌了近90元。"在深圳水贝黄金珠宝市场，记者见到几位投资者正在 出售自己的金条，"水贝这边回收金条的价格比银行高，最近金价涨得快跌得也快，还是见好就收"。 最近，国际金价在刷新历史高位后急速回调。上周，现货黄金单周跌幅超过3%，自8月22日后首次收出 周阴线。10月28日，伦敦金现盘中一度跌破每盎司3900美元关口。国际金价的剧烈波动，也迅速传导至 消费端。28日，证券时报记者来到深圳水贝黄金珠宝市场发现，与销售市场相比，黄金回收市场变得 更"旺"。 28日，记者在水贝黄金珠宝市场看到，当天的金饰金价为每克922元左右。有商户负责人表示，最近金 价跌得很快，这种剧烈的行情或许会经常出现，而在10月17日水贝黄金珠宝市场的金饰克价一度接近 1010元，9月初的金饰克价则还不到800元。 对此，有分析人士表示，多数品牌金饰的主要产品涨幅仍低于同期黄金原料涨幅，这为其调价留下空 间。近期现货金价下跌，但头部品牌产品涨价主要原因是为了提升加工费占比，保 ...

记者实探。 "真没想到，不到半个月一克金价就跌了近90元。"在深圳水贝黄金珠宝市场，记者见到几位投资者正在出售自己的金条，"水贝这边回收金条的价格比银行高，最近 金价涨得快跌得也快，还是见好就收"。 最近，国际金价在刷新历史高位后急速回调。上周，现货黄金单周跌幅超过3%，自8月22日后首次收出周阴线。10月28日，伦敦金现盘中一度跌破每盎司3900美元 关口。国际金价的剧烈波动，也迅速传导至消费端。28日，证券时报记者来到深圳水贝黄金珠宝市场发现，与销售市场相比，黄金回收市场变得更"旺"。 对此，有分析人士表示，多数品牌金饰的主要产品涨幅仍低于同期黄金原料涨幅，这为其调价留下空间。近期现货金价下跌，但头部品牌产品涨价主要原因是为了 提升加工费占比，保持稳定毛利。 对于金价后续走势，多数市场机构认为，短期内金价大概率会保持高位震荡，对于投资者而言，在进行黄金投资时，更需理性看待当前行情。历史上黄金价格也曾 发生过多次暴跌，最近一次大幅回调发生在2011年至2015年。 有海外机构认为，黄金价格中长期上涨趋势不会改变。摩根士丹利认为，此次金价下跌仅属短期修正，而非牛市终结。全球央行持续购金、地缘风险、主权债务高 ...

Core Viewpoint - The recent price increase of gold by Laopu Gold reflects broader trends in the global and domestic gold markets, driven by multiple factors including macroeconomic conditions and unique characteristics of the Chinese market [2][6]. Global Macro Background - Continuous geopolitical tensions, such as the Russia-Ukraine conflict and the Israel-Palestine crisis, have heightened global risk aversion, leading investors to flock to gold as a safe-haven asset [4]. - Central banks worldwide, including the People's Bank of China, are significantly increasing their gold reserves, contributing to sustained demand and higher gold prices [5]. Inflation Concerns - Despite a global decline in inflation, it remains relatively high, prompting investors to turn to gold as an effective hedge against inflation [6]. Currency Fluctuations - The depreciation of the Chinese yuan against the US dollar has amplified the increase in domestic gold prices, even if international gold prices remain stable [7]. Domestic Demand and Consumption - Strong domestic investment and consumer demand, along with a shift in consumer preferences towards gold products, have further driven up prices [8]. - The appeal of high-quality craftsmanship and brand value in gold products, particularly from Laopu Gold, has led to significant price increases due to limited supply and high demand [8]. Market Dynamics - The end of the interest rate hike cycle and expectations of future rate cuts have reduced the opportunity cost of holding gold, making it more attractive to investors [9]. - A weaker US dollar typically makes gold cheaper for holders of other currencies, stimulating demand and pushing prices higher [9]. Diversification and Risk Management - Countries are increasingly seeking to diversify their reserves away from the US dollar to mitigate risks associated with international sanctions and political instability [10]. - Gold is viewed as a universal store of value, independent of any government’s promise, enhancing its appeal as a reserve asset [10]. Investment Trends - The underperformance of domestic stock and real estate markets has led to a surge in investment in gold as a safe haven, driven by a "buy high" mentality among consumers [11]. - Younger generations are increasingly interested in gold as both an investment and a fashionable savings method, contributing to rising demand for traditional gold products [11].

Core Viewpoint - After reaching historical highs, international gold prices have begun to decline, yet major brands are still increasing the prices of their gold jewelry products [1] Group 1: Price Adjustments by Major Brands - Laopuhuangjin has announced its third price increase of the year, with some ancient-style gold jewelry prices rising by over 20% [1] - Chow Tai Fook plans to raise retail prices of gold products by 12% to 18% by the end of October, citing a mechanism to monitor gold price fluctuations for timely adjustments [1] Group 2: Market Dynamics and Performance - Despite the recent drop in spot gold prices, leading brands are raising prices to enhance the proportion of processing fees and maintain stable gross margins [1] - Laopuhuangjin reported a revenue of 12.354 billion yuan, a year-on-year increase of 251%, and an adjusted net profit of 2.35 billion yuan, up 291% [1] - The gross margin for Laopuhuangjin slightly decreased to approximately 38.1% during the reporting period due to the rapid increase in gold prices following price adjustments [1] Group 3: Gold Price Trends and Market Sentiment - Spot gold prices fell nearly 2% to $4,030 per ounce, while futures prices also dropped close to 2% to $4,055 per ounce [1] - Analysts suggest that the recent decline in gold prices is due to profit-taking by long positions after a sustained increase since September [1] - Most market institutions believe that gold prices will likely remain high in the short term, with some expecting a long-term upward trend to continue [1]

值得注意的是，这是老铺黄金今年第三次集中提价，且幅度显著高于前两次。此前2月、8 月的调价中，热门饰品普遍上调1000-3000元，涨幅在5%-13% 之间。以18.2克葫芦钻饰吊坠为例，8月调价时从2.71万元涨至3.05万元，涨幅约12.5%，而本次直接上调至约3.73万元，单次上涨6770元，涨幅达22.2%。 今年新推出的金重22.39克珐琅七子葫芦吊坠，此前涨幅仅约5%，此次则从3.30万元涨至约4.16万元，涨幅扩大至 26%。 老铺黄金产品调价涨超20%，但股价较高点已跌超35%，贴高端标签+涨价没撑起老铺股价 据新京报官微报道，10月26日，老铺黄金如约迎来年内第三次调价，多款古法足金饰品价格大幅上调，部分热销款涨幅超两成。然而，与终端市场的抢购 热潮形成鲜明对比的是，公司股价近期持续承压，市值较历史高点已回落已超35%。 在京东、天猫老铺黄金旗舰店查询，此次调价涉及多款核心产品。其中，一款金重约14.2克的古法三元金豆吊坠，价格从1.91万元涨至约2.39万元，涨幅 约25%，每克单价从约1345元升至1680元；销量较高的8.0克款金珠钻饰锁骨链，价格也从1.22万元上调至约1.46万元， ...

在连续创历史新高之后，国际金价在近日开始出现回调。不过，品牌"一口价"金饰的"涨价"还是如约而 至。 有分析人士表示，多数品牌金饰的主要产品涨幅仍低于同期黄金原料涨幅，这为其调价留下空间。近期 现货金价下跌，但头部品牌产品涨价主要原因是为了提升加工费占比，保持稳定毛利。 在27日欧洲股市交易阶段，现货黄金价格一度下跌近2%至每盎司4030美元，黄金期货价格也下跌近2% 至每盎司4055美元。与此对比的是，16日纽约市场黄金期货价格最高接近每盎司4398美元。业内人士认 为，近期金价出现下跌主要缘于贵金属多头市场拥挤度已经过高。自9月金价持续上涨后，获利盘积累 丰厚，多头获利了结离场。 对于金价后续走势，多数市场机构认为，短期内金价大概率会保持高位震荡，一些机构更认为，黄金价 格中长期上涨趋势不会改变。 此外，公开信息显示，周大福此前计划在10月底提高定价黄金产品的零售价格，大多数产品的提价幅度 预计在12%至18%。周大福方面强调，公司"设有机制密切监测金价波动，并适时作出价格调整，以应 对市场变化"。 高盛认为，当前的抛售主要是由投机性头寸平仓和白银市场的溢出效应导致，并非基本面恶化。真正 的"聪明钱"，包 ...

Core Viewpoint - The recent price increase of Lao Pu Gold's products marks the third adjustment this year, with significant price hikes observed across various items, indicating a trend of rising consumer demand and market dynamics influenced by gold prices [1][4][7]. Price Adjustments - Lao Pu Gold has raised prices for several gold jewelry items, with some popular products seeing increases of over 20%. For instance, a 14.2-gram gold pendant rose from 19,100 yuan to 23,850 yuan, a 25% increase [1][4]. - The price of an 18.2-gram gourd diamond pendant increased from 30,530 yuan to 37,300 yuan, reflecting a 22.2% rise in this round of adjustments, which is significantly higher than previous increases of 5%-13% earlier this year [4][5]. Consumer Behavior - Prior to the price hike, there was a surge in consumer purchases, leading to a "rush to buy" at physical stores, with reports of long queues and sold-out items [3][5]. - Despite a drop in international gold prices on October 23, consumer enthusiasm remained high, with many customers traveling long distances to purchase items before the price increase [5][6]. Market Context - The current price adjustments are part of a broader trend in the gold jewelry market, with other brands like Chow Sang Sang and Chow Tai Fook also announcing price increases due to rising gold costs [7]. - The gold jewelry market is experiencing a rare period of concentrated price hikes, with many companies adjusting prices in response to ongoing fluctuations in gold prices [7]. Financial Performance - Lao Pu Gold reported a significant increase in revenue and net profit for the first half of the fiscal year, with revenue reaching 12.354 billion yuan, up 251%, and net profit at 2.268 billion yuan, up 285.8% [6][7]. - The company plans to use funds from a recent share placement to enhance inventory reserves, expand store locations, and improve liquidity [7].

贝壳 10月26日上午，老铺黄金涨价如约而至。这是其年内第三次涨价。 新京报贝壳财经记者在京东、天猫旗舰店注意到，多款古法足金饰品价格明显上调，其中部分热销款涨 幅超过两成。一款金重约14.2克的古法三元金豆吊坠由19100元上涨至23850元，涨幅约25%，折算每克 从约1345元升至约1680元。另一款销量较高的金珠钻饰锁骨链也同步提价，8.0克款从12200元涨至 14550元，涨幅约19%，折合每克由约1525元升至约1819元。 在调价前，记者注意到，受涨价预告影响，老铺黄金线下门店出现了新一轮"抢购潮"。10月23日，一位 在国贸门店现场排队的消费者徐女士告诉记者，因线上断货，她特地乘高铁来排队购买。 涨幅明显高于前两次 老铺黄金通常每年调价两至三次，这已是其今年第三次集中提价。此前2月与8月，其热门饰品普遍上调 1000至3000元，涨幅5%-13%。相比前两次，本轮调价幅度明显扩大。以18.2克葫芦钻饰吊坠为例，8月 从27130元涨至30530元，上涨3400元，涨幅约12.5%；本次再度上调至37300元，上涨6770元，涨幅约 22.2%。 今年新推出的七子葫芦吊坠此前涨幅不高。天猫旗舰 ...