Group 1 - The core viewpoint of the article highlights a significant drop in international gold prices, which fell over 3% on March 18, reaching a new low since February 6 [1] - Domestic gold jewelry prices also experienced a substantial decline due to the impact of the international market [2] - Specific price changes include Chow Sang Sang gold jewelry priced at ¥1492 per gram, down by ¥55 in a single day [3] and Lao Miao gold jewelry at ¥1507 per gram, down by ¥43 [4][6] Group 2 - The price of platinum jewelry from Lao Miao is reported at ¥795 per gram, with a corresponding exchange price of ¥638 [4] - Lao Feng Xiang gold jewelry is priced at ¥1498 per gram, reflecting a decrease of ¥42 [6] - The overall market shows a downward trend in gold prices, with various brands reporting similar declines in their gold and platinum products [5][4]

Market Overview - On February 2, 2026, London spot gold opened at $4685.99 per ounce, down over 4.2%, with a daily low of $4583.077 per ounce. London spot silver opened at $82.887 per ounce, down over 2.7% [1][2][3] - Domestic precious metal futures prices opened lower, with Shanghai silver futures hitting the limit down, Shanghai gold futures down over 10%, platinum futures limit down, and palladium futures down over 15% [3][4] Price Adjustments - The Shanghai Gold Exchange announced adjustments to the margin levels and price limits for silver contracts due to significant price volatility. If a one-sided market occurs, the margin level will increase from 20% to 26%, and the price limit will change from 19% to 25% [4] - Domestic brand gold jewelry prices have adjusted downwards, with Chow Sang Sang's gold jewelry reported at ¥1484 per gram, down from ¥1618 per gram [5][6] Consumer Behavior and Refund Policies - Sales personnel at gold brand counters have stated that returns will not be accepted due to price drops, with a standard deduction of ¥500 for any return [7] - Online return policies vary, with most platforms not accepting returns for investment gold products. Some brands allow returns within 24-48 hours under specific conditions, while others charge a fee of 1%-5% for returns [9][11][12] Risk Management by Financial Institutions - Several banks, including ICBC, ABC, BOC, and CCB, have issued announcements adjusting their gold accumulation business and providing risk warnings due to significant price fluctuations in precious metals [17][19][22][26] - ICBC has raised the minimum purchase amount for gold accumulation from ¥1000 to ¥1100 and adjusted business rules for gold accumulation starting February 7 [20][21]

Group 1 - The spot gold price experienced significant volatility on February 2, with a drop exceeding 6%, currently reported at $4737.052 per ounce [1] - The highest price recorded during the day was $4884.784, while the lowest was $4583.077, indicating a substantial fluctuation in the market [1] - The price of gold jewelry in mainland China is reported at ¥1484 per gram, down from ¥1618 per gram, reflecting a decrease of ¥134 [2] Group 2 - The price of 950 platinum jewelry is reported at ¥824, down from ¥662, indicating a decline in the market for platinum as well [2]

Core Viewpoint - The article highlights a significant drop in gold prices, marking the largest single-day decline in nearly 40 years, with domestic gold jewelry prices also experiencing a notable decrease due to international gold price fluctuations [1]. Group 1: Gold Price Changes - On January 30, 2026, the price of gold jewelry in China saw a substantial decline, with the price of 24K gold jewelry reported at 1618 RMB per gram, down from 1708 RMB per gram on January 29, resulting in a decrease of 90 RMB per gram [1]. - The Shanghai member center of Lao Feng Xiang reported a price of 1498 RMB per gram for 24K gold jewelry, down from 1713 RMB per gram on January 29, indicating a drop of 215 RMB per gram [2]. - Lao Miao Gold reported a price of 1546 RMB per gram for 24K gold jewelry, down from 1706 RMB per gram on January 29, reflecting a decrease of 160 RMB per gram [4]. Group 2: Price Comparisons - The current selling price for 24K gold jewelry is 1546 RMB per gram, while the price for gold bars is 1371 RMB per gram [6].

Core Viewpoint - The domestic gold jewelry prices have reached a historical high of 1700 RMB per gram, with a significant daily increase of nearly 100 RMB [1]. Group 1: Price Movements - Major gold jewelry brands have updated their prices, with Lao Miao Gold quoting 1706 RMB per gram, reflecting a daily increase of 94 RMB [1]. - Chow Sang Sang has set its price at 1708 RMB per gram, also showing a daily rise of 94 RMB [2]. - Lao Feng Xiang has reported a price of 1713 RMB per gram, with a daily increase of 93 RMB [5]. Group 2: Product Pricing - The price for 24K gold jewelry is 1706 RMB per gram [2]. - The price for platinum jewelry (950) is reported at 1073 RMB per gram [5]. - The price for gold bars is set at 1531 RMB per gram [2].

Group 1 - The price of gold and silver continues to reach historical highs, with spot gold touching $4960 per ounce [1] - Domestic gold jewelry brands have also seen significant price increases, with some reaching historical highs [1] - Chow Sang Sang reported that the price of 24K gold jewelry is now ¥1545 per gram, an increase of over ¥50 per gram since January 22 [1][2] Group 2 - Lao Feng Xiang's Shanghai membership center reported a price of ¥1538 per gram for 24K gold jewelry, up by over ¥40 per gram since January 22 [2] - Lao Miao Gold reported a price of ¥1548 per gram for 24K gold jewelry, also an increase of over ¥50 per gram since January 22 [4] - The current prices for various gold and platinum products are as follows: 24K gold jewelry at ¥1548, platinum jewelry at ¥860, and crafted gold bars at ¥1373 [5]

Group 1 - The price of gold and silver continues to reach historical highs, with spot gold touching $4960 per ounce [1] - Domestic gold jewelry prices have also surged significantly, reaching record levels [2] - According to Chow Sang Sang's official website, the price of 24K gold jewelry is reported at ¥1545 per gram, an increase of over ¥50 per gram since January 22 [3] - Lao Feng Xiang's Shanghai membership center reports the price of 24K gold jewelry at ¥1538 per gram, up by more than ¥40 per gram since January 22 [4] - Lao Miao's official website indicates that the price of 24K gold jewelry is ¥1548 per gram, also reflecting an increase of over ¥50 per gram since January 22 [6] Group 2 - The current prices for various gold and platinum products in the Shanghai region are as follows: 24K gold jewelry at ¥1548, platinum jewelry at ¥860, and crafted gold bars at ¥1373 [8]

Group 1 - International gold prices have surged, breaking the $4,800 per ounce mark due to rising concerns over potential trade conflicts between the US and Europe [1] - As of 10 AM Beijing time, London spot gold prices reached a high of $4,840 per ounce, while New York gold futures hit $4,839 per ounce, reflecting an increase of approximately 1.5% compared to the previous day's close [3] - Domestic gold jewelry prices in China have also seen significant increases, with the price of pure gold jewelry surpassing 1,500 yuan, currently reported at 1,506 yuan per gram [3] Group 2 - Several brands of gold jewelry are approaching the 1,500 yuan per gram mark, with Lao Feng Xiang's pure gold jewelry priced at 1,498 yuan per gram, up 42 yuan per gram from January 20 [4] - Chow Sang Sang's pure gold jewelry is priced at 1,495 yuan per gram, an increase of 41 yuan per gram from January 20 [5] - Lao Miao's pure gold jewelry is reported at 1,493 yuan per gram, rising 38 yuan per gram since January 20 [6]

Group 1 - The spot gold price has risen again, surpassing $4800 per ounce, leading to a significant increase in domestic gold jewelry prices in China [1] - The price of pure gold jewelry in China has exceeded 1500 RMB, currently reported at 1506 RMB per gram [1] - Several brand gold jewelry prices are approaching 1500 RMB per gram, with notable increases from January 20 to January 21 [2] Group 2 - Lao Feng Xiang's pure gold jewelry is priced at 1498 RMB per gram, up 42 RMB from 1456 RMB per gram on January 20 [2] - Chow Sang Sang's pure gold jewelry is priced at 1495 RMB per gram, an increase of 41 RMB from 1454 RMB per gram on January 20 [2] - Lao Miao's pure gold jewelry is priced at 1493 RMB per gram, rising by 38 RMB from 1455 RMB per gram on January 20 [2]

Core Viewpoint - The article highlights the significant increase in gold prices, both internationally and domestically, with spot gold prices surpassing $4800 per ounce and domestic gold jewelry prices exceeding 1500 RMB per gram [1][2]. Group 1: Gold Price Trends - As of January 21, spot gold prices have risen to over $4800 per ounce, indicating a strong upward trend in the international gold market [1]. - Domestic gold jewelry prices have also surged, with the price of pure gold jewelry in China reaching 1506 RMB per gram [1]. Group 2: Brand-Specific Price Increases - Major brands are reporting prices close to 1500 RMB per gram for their gold jewelry. For instance, Lao Feng Xiang's pure gold jewelry is priced at 1498 RMB per gram, up 42 RMB from 1456 RMB on January 20 [2]. - Chow Sang Sang's pure gold jewelry is priced at 1495 RMB per gram, an increase of 41 RMB from 1454 RMB on January 20 [2]. - Lao Miao's pure gold jewelry is priced at 1493 RMB per gram, rising by 38 RMB from 1455 RMB on January 20 [2].