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Gold Prices Plummet; the Price of Gold Jewelry in Mainland China Drops by over 40 Yuan per Gram Overnight
Summary by 大纪元 Epoch Times
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International gold prices plummeted on June 19, prompting a corresponding drop in gold jewelry prices in mainland China. Lao Feng Xiang, a 240g pure gold jewelry retailer, lowered its price by 44 yuan overnight to 1265 yuan per gram. Other brands such as Chow Tai Fook, Lao Miao Gold, and Chow Sang Sang also followed suit. After the price decline, some gold shops in Shanghai experienced a decrease in customer traffic, leading to an increase in di…
·New York, United States
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