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 gold market on October 4, 2025, exhibited a diverse pricing system with significant differences between domestic and international gold prices, as well as varying retail strategies among different gold brands [1] Group 1: Global and Local Pricing - The international gold price closed at $3868.9 per ounce, while the Shanghai Gold Exchange's base price was set at 875.0 RMB per gram [2] - In Hong Kong, gold was traded at 42810 HKD per tael, and the gold recycling price was 860 RMB per gram, indicating strong demand for physical gold [2] Group 2: Retail Pricing Strategies - Domestic gold retail prices showed a clear gradient, ranging from 918 RMB to 1137 RMB per gram, with traditional brands like Chow Tai Fook and Chow Sang Sang priced at 1129 RMB per gram, reflecting brand premium and craftsmanship [3] - Other notable prices included Lao Feng Xiang and Lao Miao at 1125 RMB per gram, while local brands like Cai Bai Jewelry and Zhou Li Fu were priced at 1078 RMB and 1084 RMB per gram respectively [4] Group 3: Investment Channels - Shui Bei Gold offered competitive prices at 886 RMB per gram, and investment gold bars were priced at 889 RMB per gram, showcasing its advantages in the investment sector [5] Group 4: Panda Gold Coins - The 2025 edition of the Panda Gold Coin set, issued by the People's Bank of China, is priced at 52794 RMB for the complete set, with individual coins ranging from 1185 RMB for 1 gram to 480000 RMB for 1 kilogram, catering to various investor needs [6] - Unique designs such as the 150-gram square gold coin and colored gold coin are priced at 90000 RMB and 88000 RMB respectively, attracting collectors [6] Group 5: Virtual Trading Options - Major banks offer paper gold, silver, platinum, and palladium trading services, with slight declines in prices across various metals, including a drop of 0.10% to 0.19% for paper gold in USD per ounce [9][10] Group 6: Popop Gold Series - The Popop gold series, under the brand Pop Mart, features a unique IP-driven retail model with prices ranging from 980 RMB to 68000 RMB, targeting the parent-child market [11] - The pricing strategy shows a significant premium, with the "Baby Molly series" gold items priced at 1385 RMB per gram, which is approximately 25% higher than traditional brands [11] - Experts suggest that while the "one-price" model may risk losing some consumers, Popop's market potential remains promising, pending broader acceptance of the IP gold innovation [11]

Core Insights - The gold market in Shanghai is experiencing active trading, with gold prices being the focal point of the market [1][16] - The international gold price has seen a significant decline, while platinum and palladium prices have shown strong performance [5][16] Group 1: Gold Market Overview - On September 28, 2025, the Shanghai gold trading price was set at 856.8 CNY per gram, with futures slightly lower at 856.12 CNY per gram [1] - The price range for gold jewelry varies significantly, from 879 CNY to 1108 CNY per gram, reflecting differences in brand, craftsmanship, and design [1] - Major banks have differing prices for investment gold bars, with Agricultural Bank's price at 893.19 CNY per gram being the highest among banks [1] Group 2: Jewelry Brand Pricing - Major jewelry brands like Chow Tai Fook, Luk Fook, and others are offering 99.9% pure gold products at a uniform price of 1108 CNY per gram [2] - Chow Sang Sang's pricing is slightly higher at 1109 CNY per gram, while Lao Feng Xiang and Lao Miao Huang Jin have the highest price at 1110 CNY per gram [2] - Brands like Cai Bai and China Gold offer more competitive pricing at 1058 CNY per gram for their 99.9% pure gold products [2] Group 3: Paper Precious Metals Market - The price of paper gold was recorded at 863.71 CNY per gram, showing a slight decrease of 0.36% [3] - Paper silver prices increased slightly to 10.56 CNY per gram, while paper platinum and palladium prices experienced minor declines [3] Group 4: International Precious Metals Market - International gold prices fell to 3311.86 USD per ounce, marking a decline of 1.27% [5] - In contrast, international platinum prices rose significantly to 1176.76 USD per ounce, up by 3.03% [5] - Palladium prices surged to 1065.20 USD per ounce, reflecting a robust increase of 5.36% [5] Group 5: Precious Metals Recycling Market - The buyback price for gold jewelry is set at 840 CNY per gram, ensuring 99.9% purity [6] - Platinum jewelry has a buyback price of 325 CNY per gram, while 18K gold is priced at 606 CNY per gram based on actual gold content [7][8] - Palladium jewelry is valued at 245 CNY per gram, with a purity of 95% [9] Group 6: Price Increases in High-End Brands - The international gold price has increased over 40% this year, prompting many high-end Chinese gold brands to raise their prices [14] - Brands like Chow Sang Sang have raised retail prices to 1100 CNY per gram, reflecting the rising costs of gold materials and craftsmanship [14] - Despite price increases, consumer demand remains strong, with reports of buying frenzies at various high-end jewelry stores [15][16]

Core Viewpoint - The article discusses the fluctuations in gold prices, highlighting the disparity between international gold prices and retail prices in China, as well as the changing dynamics of gold investment and consumer behavior in the current economic climate [1][2]. Price Disparities - As of September 14, the international gold price was reported at $3,651.9 per ounce, translating to approximately ¥828.8 per gram in China. However, retail prices in major jewelry stores like Chow Tai Fook and Lao Feng Xiang reached around ¥1,078 per gram, indicating significant markups due to brand and store costs [1]. - Prices varied widely among different retailers, with some stores like Cai Bai offering prices around ¥1,032 per gram, while others like Qi Lu Jin Dian and Tai Yang Jin Dian quoted prices just above ¥900 per gram [1]. Investment Trends - There is a notable increase in gold investment interest, with some consumers viewing rising prices as a signal to buy, while others are concerned about economic stability and inflation, leading to a rush for gold as a safe haven [1][5]. - The current gold market is characterized by a more stable price increase compared to historical spikes, with the international spot gold price reaching as high as $3,674.27 per ounce [1]. Market Dynamics - The total value of gold stored in London vaults has surpassed $1 trillion, indicating gold's significant role in central bank reserves, surpassing the euro [3]. - The article notes that the investment landscape has diversified, with options beyond physical gold, such as panda gold coins and paper gold, appealing to both new and seasoned investors [5][6]. Alternative Investment Options - Various forms of gold investment are available, including collectible panda gold coins priced at ¥1,135 for 1 gram, and larger denominations ranging from ¥13,546 to ¥78,270 for 15 grams to 100 grams [6][7]. - Other precious metals like platinum are also highlighted, with significant price differences among retailers, such as ¥557 per gram at Chow Tai Fook and ¥368 at Baoqing Silver Building [8]. Recovery and Resale Market - The current recovery prices for 18k gold are approximately ¥590 per gram, while silver and palladium are priced at ¥7.3 and ¥242 per gram, respectively, providing a potential avenue for liquidity for consumers with old jewelry [11][12]. Market Sentiment - The market sentiment is mixed, with some investors believing gold remains undervalued compared to stocks, while others express uncertainty about future price movements, emphasizing the unpredictable nature of investments [14][15].

Group 1: International Gold Prices and Trends - On July 10, 2025, the international gold price closed at $3,294.96 per ounce, down $6.57 from the previous day, with a trading range of $3,284.87 to $3,307.79 per ounce [2] - Other precious metals also experienced declines, with silver at $36.5 per ounce (down $0.23), platinum at $1,377.85 per ounce (down $13.45), and palladium at $1,117.6 per ounce (down $4.1) [2] Group 2: Domestic Gold Prices and Recovery Prices - Domestic retail gold prices ranged from 788 to 999 yuan per gram, with investment gold bars priced at 781 yuan per gram; major brands showed varied price movements [3] - Notable price changes included Chow Sang Sang at 999 yuan per gram (down 8 yuan), and other brands like Chow Tai Fook and Lao Feng Xiang at 998 yuan per gram (down 6 to 7 yuan) [3] - Recovery prices for different gold purities were reported, with 750 gold at 543 yuan per gram and platinum at 290 yuan per gram [3] Group 3: Paper Gold and Shanghai Gold Exchange Trends - The paper gold market saw a trading price of 762.76 yuan per gram, up 0.22%, while paper silver, platinum, and palladium also increased [4] - The Shanghai Gold Exchange reported declines in various gold products, with price drops ranging from 1.01% to 1.17%, and a slight decrease of 0.21% in silver T D prices [4] Group 4: Investment Strategies in Gold - The investment strategy for gold should adapt to the changing international financial environment, with a focus on long-term holding to mitigate risks [5] - Historical data suggests that holding gold for over five years yields stable returns, and investors are advised to allocate 5% to 15% of their total assets to gold [5] - Short-term trading strategies should consider key indicators such as central bank gold purchases, U.S. real interest rates, and geopolitical risks [5]

Group 1 - The current market for platinum is facing significant challenges, with soaring raw material prices but poor sales for finished jewelry, particularly among younger consumers who prefer gold [1][2] - The lack of appealing designs and modern aesthetics in platinum jewelry contributes to its declining popularity, as gold offers a wider variety of styles that attract consumers [1] - The resale value of platinum is considerably lower than its purchase price, which diminishes its investment appeal compared to gold, which maintains a strong correlation with international gold prices [2] Group 2 - International gold prices are on the rise, with London spot gold at $3,344 per ounce and New York COMEX futures at $3,357 per ounce, while domestic gold prices show slight fluctuations [4] - The domestic gold market price is reported at 768.92 yuan per gram, with variations among different brands, indicating a competitive pricing environment [4] - Platinum prices have seen a slight increase to 329.40 yuan per gram, but overall market sentiment remains cautious due to the challenges faced by the platinum segment [4]