Core Insights - The international gold market price is quoted at $3955.9 per ounce, while domestic gold prices have been adjusted to 907.8 yuan per gram, with various brands offering different retail prices [1] Jewelry Brand Gold Price Reference - Chow Tai Fook: 1265 yuan per gram [2] - Luk Fook Jewelry: 1259 yuan per gram [1] - Chow Sang Sang: 1260 yuan per gram [3] - Lao Feng Xiang: 1260 yuan per gram [2] - Lao Miao Gold: 1260 yuan per gram [3] - Zhou Liufu: 1247 yuan per gram [4] - Zhou Dazheng: 1255 yuan per gram [5] - China Gold: 1180 yuan per gram [6] Platinum and Palladium Prices - Platinum prices have decreased, with Industrial and Commercial Bank's paper platinum at $1532.65 per ounce, down by $10.20 (0.66%) [7] - In RMB, paper platinum prices also fell, with a price of 351.40 yuan per gram, down by 2.44 yuan (0.69%) [7] - Palladium prices also saw a decline, with Industrial and Commercial Bank's paper palladium at $1374.88 per ounce, down by $5.23 (0.38%) [8] - In RMB, paper palladium prices decreased to 316.12 yuan per gram, down by 1.30 yuan (0.41%) [8] Gold Coin Collections and Prices - Panda Gold Set (2025 version): 56120 yuan per set [9] - 1g Panda Gold Coin: 1258 yuan each [9] - 3g Panda Gold Coin: 3472 yuan each [9] - 8g Panda Gold Coin: 3612 yuan each [9] - 15g Panda Gold Coin: 14880 yuan each [9] - 30g Panda Gold Coin: 28005 yuan each [9] - 100g Panda Gold Coin: 78270 yuan each [9] - 150g Panda Gold Coin: 127815 yuan each [9] - 1kg Gold Coin: 90000 yuan each [9] - 150g Colored Coin: 88000 yuan each [9] - Fan-shaped Gold and Silver Commemorative Coin: 7500 yuan per set [9] New Tax Policy Impact - A new announcement states that transactions involving standard gold at the Shanghai Gold Exchange will not incur VAT if the seller is a member unit or customer, aiming to enhance Shanghai's status as an international gold trading center [9] - The policy distinguishes between "investment" and "non-investment" uses of gold, with different tax treatments for each [9] - The new policy is expected to increase the circulation costs of investment gold, as it cuts the VAT deduction chain for investment gold entering downstream circulation [10][12]

Core Insights - The global precious metals market is experiencing significant fluctuations, with gold prices showing a notable decline in recent days [21][23] - Domestic gold and platinum prices are also reflecting these market changes, with various brands offering different pricing strategies [3][4][5][6][7][8][9][10][11] Group 1: Global Market Dynamics - On October 30, 2025, the London spot gold price closed at $3955 per ounce, while gold futures were at $3971 per ounce [2] - The London spot silver and silver futures prices were both at $47.2 per ounce [2] - Recent market volatility has seen gold prices drop nearly $500 within a week, with a peak of $4381.48 per ounce earlier in October [21][22] Group 2: Domestic Market Overview - The real-time gold price in the domestic market was reported at ¥901.3 per gram, with silver at ¥10.8 per gram and platinum at ¥360 per gram [3] - Various jewelry brands have different pricing for gold and platinum, with prices for gold ranging from ¥1160 to ¥1232 per gram across different stores [3][4][5][6][7][8][9][10][11] Group 3: Price Trends and Analysis - The current gold price in the domestic market has shown an increase of 1.20% from the previous day, with a closing price of ¥907.72 per gram [12] - The price of platinum has also increased by 1.22%, closing at ¥378.57 per gram [16] - Experts attribute the recent decline in gold prices to a decrease in short-term risk aversion and easing liquidity pressures in the silver market [23]

Group 1: Gold Prices - The price of gold from various brands is reported, with most brands offering a price around 1279 CNY per gram, while some brands like Chow Sang Sang and Lao Feng Xiang are slightly higher at 1281 CNY and 1280 CNY respectively [1][3][8] - Investment gold bars are priced lower, with prices ranging from 976 CNY to 1254 CNY per gram depending on the supplier [10][11] - The price of 3D hard gold and other specific gold products varies, with prices around 1175 CNY to 1215 CNY per gram [2][3] Group 2: Precious Metal Prices - Platinum prices are reported at around 459 CNY to 687 CNY per gram across different suppliers [3][9] - Silver prices are noted to be between 7.43 CNY to 12.33 CNY per gram, depending on the supplier [4][5][6] - K-gold prices vary significantly, with 9K gold at 370 CNY, 14K gold at 578 CNY, and 18K gold at 741 CNY per gram [7] Group 3: Market Trends - The gold market in 2024 is described as "crazy," with international gold prices surpassing historical highs adjusted for inflation, indicating a significant shift in market dynamics [14] - The gold-to-copper ratio has reached a historical high of 99.7%, reflecting investor concerns about the global economic outlook [14] - Despite high gold prices, the ratio of gold to the S&P 500 index suggests that gold's perceived value remains competitive compared to equities [15] Group 4: Central Bank Actions - Central banks, particularly in emerging markets, have been significant buyers of gold, with average annual purchases exceeding 1000 tons from 2022 to 2023, more than double the past decade's average [16] - Potential changes in central bank purchasing behavior could impact market psychology, as a slowdown in gold buying may be interpreted as a loss of confidence [16] - Historical precedents show that large-scale gold sales by central banks can lead to significant price declines, highlighting the importance of central bank actions in the gold market [16]

Group 1: Jewelry Brand Gold Prices - On October 14, 2025, major jewelry brands like Chow Tai Fook and Luk Fook both priced their gold at 1190 RMB per gram, with a purity of 99.9% [2][4] - Chow Sang Sang's gold price is slightly lower at 1188 RMB per gram, maintaining the same high purity [3] - Other brands such as King Fook and Xie Ruilin also set their prices at 1190 RMB per gram, with a purity of 99.9% [4] - Lao Feng Xiang offers gold at 1182 RMB per gram, known for its high cost-performance ratio [5] - Lao Miao's gold is priced at 1189 RMB per gram, recognized for its stable quality [6] - Cai Bai Jewelry and China Gold have their gold priced at 1122 RMB per gram, also with a purity of 99.9% [7] Group 2: International Precious Metals Market Dynamics - The international gold price closed at 4018.43 RMB, increasing by 42.38 RMB, a rise of 1.07% [9] - Silver prices saw a slight increase, closing at 50.25 RMB, up by 1.02 RMB, a rise of 2.07% [10] - In contrast, platinum prices fell to 1620.12 RMB, down by 36.28 RMB, a decline of 2.19% [10] - Palladium prices also experienced a slight drop, closing at 1449.9 RMB, down by 5.1 RMB, a decrease of 0.35% [10] Group 3: Factors Driving Gold Price Increase - Global central banks are actively purchasing gold, with gold's share in reserves surpassing government bonds for the first time since 1996 [12] - From Q3 2020, central banks have been net buyers of gold for 19 consecutive quarters [12] - In September, global gold ETFs attracted a record inflow of 17.3 billion USD, marking the highest monthly inflow [13] - The trend continued in October, with SPDR Gold Trust's holdings increasing by 1.43 tons [14] - A majority of market participants remain bullish on gold, citing geopolitical tensions and a weakening dollar as key factors [16] - A survey indicated that 95% of central banks plan to increase their gold reserves in the coming year [17] - Predictions suggest that gold prices could exceed 4500 USD per ounce in Q1 2026 [18] - Some analysts believe that gold's long-term bull market is supported by ongoing central bank purchases and geopolitical uncertainties [20]

Core Viewpoint - The surge in gold prices, reaching $3,557 per ounce internationally and ¥811.8 per gram domestically, reflects changing global economic conditions and increased demand for safe-haven assets [1][7]. Group 1: Market Drivers - Concerns about monetary policy, particularly speculation around potential interest rate cuts by the Federal Reserve, have heightened gold's appeal as lower rates increase its attractiveness [3]. - Global political instability and unclear economic prospects have led investors to seek safer investment options, driving demand for gold [4][5]. - Central banks worldwide are increasingly purchasing gold, indicating a lack of confidence in the US dollar and US Treasury bonds, further tightening the gold market [6][7]. Group 2: Domestic Market Trends - In the domestic market, gold prices fluctuated significantly, with a closing price of ¥809.61 per gram, reflecting a 0.075% increase from the previous day [8]. - Major jewelry brands have raised their gold jewelry prices significantly, with prices reaching up to ¥1,060 per gram, indicating a shift towards luxury pricing in the gold jewelry sector [10][11][12]. Group 3: Investment Opportunities - There is a growing interest in practical gold investment products, such as gold bars and collectible coins, with prices for investment-grade gold bars at ¥824 per gram [15]. - Predictions from UBS suggest that gold prices could rise to $3,700 per ounce by mid-2026, with potential for even higher prices if geopolitical tensions escalate [16]. - The Shanghai Gold Exchange has increased margin requirements and price fluctuation limits for gold and silver contracts, signaling increased market volatility and risk [16].

Group 1 - International gold price closed at $3312 per ounce, while domestic gold price was at 767.4 yuan per gram, and Hong Kong gold price reached 37120 HKD per tael, indicating market dynamics influenced by supply and refining costs [1] - Domestic gold recovery price was 755 yuan per gram, slightly lower than the basic gold price, reflecting market supply and demand factors [1] Group 2 - Major brand gold jewelry prices showed slight variations, with Chow Tai Fook and Luk Fook Jewelry both priced at 998 yuan per gram, while Chow Sang Sang dropped by 10 yuan to 996 yuan per gram [2] - Other brands maintained stable prices, with notable prices including 1002 yuan for Lao Feng Xiang and 989 yuan for Cai Bai Jewelry [2] Group 3 - In the Shenzhen Shui Bei wholesale market, prices for different gold purities were 778 yuan for 999 gold, 779 yuan for 999.9 gold, and 780 yuan for 999.99 gold, indicating a structured pricing system based on purity [4] - Platinum was priced at 364 yuan per gram, and 18K gold at 587 yuan per gram, showcasing the diverse product offerings in the market [4] Group 4 - Gold recovery prices varied by purity, with high purity gold (99.9% - 99.999%) at 755 yuan per gram, while 22K, 18K, and 14K gold were priced at 668 yuan, 543 yuan, and 426 yuan respectively [5] - Platinum, palladium, and silver recovery prices were 289 yuan, 226 yuan, and 6.8 yuan per gram respectively, reflecting their market values [5] Group 5 - The 2025 version of the Panda gold set was priced at 47392 yuan per set, with individual Panda gold coins ranging from 1121 yuan for 1 gram to 480000 yuan for 1 kilogram, highlighting the impact of collectibility on pricing [5] Group 6 - Shanghai Gold Exchange reported slight declines in AuT D and mAuT D prices, with changes of -0.32% and -0.41% respectively, while silver T D prices increased by 0.68% [6] - The exchange provided detailed data including opening, highest, lowest, and previous closing prices, which are crucial for market analysis [6] Group 7 - The emergence of "gold ATM machines" in Changsha represents a new trading model, allowing for self-service buying and selling of gold, enhancing transaction efficiency and user experience [7] - The technology employed ensures transparency and security in transactions, marking a significant innovation in traditional gold trading [7]