1月13日，国际现货黄金价格报每盎司4566.89美元，上海黄金交易所Au9999现货基准价报1021.8元/克；主要商业银行的账户黄金（如纸黄金）人民币报价在 1002元/克左右波动，周大福、周生生等全国性品牌首饰金价普遍位于每克1420元以上，深圳水贝等批发集散地的报价约为1176元/克。 商业银行品牌投资金条（如工行"如意金"、建行"龙鼎金"）价格区间为每克1019至1065元，略高于基础金价。金融衍生品市场交易活跃，上海黄金交易所的 黄金T D合约1月13日收报1020.80元/克，日内波动显著。多家银行推出了挂钩黄金价格的结构性存款产品，期限灵活，提供"保本 浮动收益"的选择，成为低 风险偏好投资者参与黄金市场的工具。 银行品牌投资金条 投资性黄金产品供给丰富，价格形成机制各异，实物投资方面，2026版熊猫纪念金币售价从1克规格的1398元到1公斤规格的48万元不等，溢价体现其铸造成 本与收藏属性。 二、 一、 贵金属回收市场 贵金属回收市场已形成高度标准化、按纯度定价的体系，为黄金的资产流动性提供了清晰基准，1月中旬，足金（99.90%）回收参考价约为每克1013元，投 资金条回收价约为1011元 ...

Group 1: Gold Market Prices - On January 13, 2026, international gold prices continued a strong trend, with spot prices reaching $4576.3 per ounce, influenced by exchange rates and supply-demand factors. The Shanghai Gold Exchange's spot benchmark price was 1021.8 yuan per gram, while the main futures contract closed at 1025 yuan per gram. Retail prices varied significantly, with major brands like Chow Tai Fook and Luk Fook quoting between 1404 to 1426 yuan per gram, while bank investment gold bars were priced between 1020 to 1037 yuan per gram, resulting in a price difference of up to 400 yuan per gram [2][3] Group 2: Core Drivers of Gold Price Fluctuations - The recent surge in gold prices, breaking historical highs, is driven by three main factors: ongoing geopolitical risks, such as the deteriorating situation in Venezuela, which has reignited risk-averse sentiment, highlighting gold's status as a "hard currency" [4] - The macro monetary environment is shifting, with market expectations that the Federal Reserve will begin a rate-cutting cycle in 2026, leading to a weaker dollar index that directly boosts gold prices. Global central bank gold purchases have become a long-term support, with global purchases exceeding 1000 tons in 2024, and the People's Bank of China continuously increasing its holdings, providing a solid foundation for gold prices. Despite a 65% increase in gold prices in 2025, inflation hedging and currency depreciation will continue to dominate trends in 2026 [5] Group 3: Investment Channel Comparisons - For investors, the choice of investment channel is crucial. While jewelry from gold stores has aesthetic and wearable value, high processing fees and brand premiums significantly diminish its investment attributes, as it can only be redeemed at the original gold price [5] - Bank gold bars (such as ICBC's "Ruyi Gold Bar" and CCB's "Long Ding Gold") and standard gold ingots from exchanges are more suitable for asset allocation, offering lower premiums and higher liquidity [6] - Gold ETFs and "accumulated gold" services provide convenient options for investors who prefer not to take physical delivery, allowing for trading through securities accounts or bank investment systems, effectively averaging holding costs [7] Group 4: Precious Metal Recovery and Valuation - The pricing mechanism for precious metal recovery channels requires attention. Currently, the recovery price for high-purity gold (99.9% and above) is approximately 988 yuan per gram, reflecting a discount of about 30-40 yuan per gram compared to retail prices, which includes refining costs and channel profits. The recovery pricing for K-gold and platinum group metals is more complex, with recovery prices for 18K gold and 999 platinum at 718 yuan per gram and 487 yuan per gram, respectively, strictly based on metal purity [8] Group 5: 2026 Investment Strategies and Outlook - Looking ahead, gold prices are expected to rise amid fluctuations, with some institutions predicting a potential breakthrough of $5000 per ounce. Technically, the $4400-$4500 range serves as strong support, and if this range is maintained, upward potential will be opened [10] - For ordinary investors, a "core-satellite" strategy is recommended, using bank physical gold bars or accumulated gold as the core holding (approximately 20% allocation) to hedge against long-term inflation, while utilizing gold ETFs to capture short-term volatility gains. High volatility is a double-edged sword, and caution is advised when chasing highs; utilizing pullbacks for phased entry is a more optimal solution. Ultimately, gold should serve as a stabilizer in asset portfolios, with its true value lying in countering currency credit crises and preserving long-term wealth [10]

Group 1: Gold Price Trends - On September 5, international gold prices fell to $3530 per ounce, a decrease of nearly $31 from the previous day [1] - Domestic gold prices also dropped, with real-time prices falling to 806.1 yuan per gram [1] - The recycling prices for various gold types decreased, with 18K gold at approximately 573 yuan per gram and 14K gold at around 443 yuan per gram [1] Group 2: Retail Gold Prices - Major gold retailers like Chow Tai Fook and Chow Sang Sang maintained high prices, with gold priced at 1060 yuan and 1062 yuan per gram respectively [1] - There are significant price differences among retailers in the same city, with prices ranging from 1012 yuan to 1060 yuan per gram [1] - Banks offer gold bars as investment options, with prices varying from 634 yuan to 835 yuan per gram [1] Group 3: Market Dynamics and Predictions - The recent drop in gold prices is viewed as a normal correction after a 36% increase earlier this year [3][10] - Factors contributing to the gold price increase include potential U.S. interest rate cuts and global economic instability [3][4] - Major financial institutions like Morgan Stanley and UBS predict significant future increases in gold prices, with targets of $3800 and $3700 per ounce respectively [8][9]