Gold prices plummet, domestic gold jewelry price per gram falls back
On February 5th, international precious metal prices plummeted again. As of the time of publication, spot gold has fallen below USD 4,900 per ounce, down more than 2% for the day. Several domestic gold jewelry brands have seen a decline in the price of 24K gold jewelry, with Chow Sang Sang's 24K gold jewelry priced at RMB 1,558 per gram, down RMB 42 from RMB 1,600 per gram yesterday. Additionally, Lao Miao Gold's 24K gold jewelry is priced at RMB 1,569 per gram, while Chow Tai Fook's 24K gold jewelry is priced at RMB 1,555 per gram. (First Financial)
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