Morning of March 23
Spot gold tumbles again after rallying
Gold slides below $4,400
Domestic gold price quickly fell below 1,000 yuan
on social media
Many topics about gold
It also triggered heated discussions among netizens
Prices of domestic brand pure gold jewelry also fell. The price of pure gold jewelry in Laomiao was 1,363 yuan/gram, down 50 yuan from 1,413 yuan/gram the previous day. Chow Tai Fook, Luk Fook Jewelry, and Chao Acer gold prices all fell below 1,400 yuan/gram.
The price of gold has been falling continuously, and recently more and more people are buying gold in gold stores.
Recently, a mother in Hangzhou took advantage of the recent drop in gold prices and decisively purchased gold jewelry worth 100,000 yuan for her daughter. She said that she did not buy gold when the price was more than 300 yuan per gram, but now she regrets it. "Now that the price has dropped a little, I will buy it quickly."

The owner of a gold store in Hangzhou said that the price has dropped for more than a week, and the price has dropped by more than 200 yuan. "If it falls, more people will buy." When a reporter asked a customer whether buying 100 grams was too much, the boss replied: "It's not too much."
There was also a boss who helped me calculate an account, and it was 13,600 yuan cheaper to buy 100 grams of gold bars.
In Shanghai, the reporter visited a number of gold sales stores and learned that gold jewelry with techniques such as ancient gold and 3D hard gold has strong decorative properties and is more popular with consumers when gold prices are falling; while investment gold bar counters are relatively deserted, with fewer consumers coming to consult. Some store managers said that the volume of gold recycling business has also been decreasing recently.

"There will be more people on weekends, about 40 to 50 people every day." Huang Rongzhen, the person in charge of a gold store in Huangpu District, Shanghai, said that the sales of jewelry are okay, but recycling will be less recently because the price of gold has dropped and people don't want to sell it.
Hot discussion among netizens
Source | Elephant News, CCTV Finance, Beautiful Zhejiang, Metropolis Express
Editor-in-Chief | Editor Peng Dan | Jiang Liming
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