Recently, domestic pure gold jewellery prices for many gold and jewellery brands have reached new highs. As of press release, Chow Tai ?$#@$ (01929) rose 4.32% to HK$11.58; Chow Sang Sang Sang (00116) rose 2.51% to HK$9.81.
The Zhitong Finance App learned that domestic pure gold jewellery prices for many gold and jewellery brands recently hit new highs. As of press release, Chow Tai ?$#@$ (01929) rose 4.32% to HK$11.58; Chow Sang Sang Sang (00116) rose 2.51% to HK$9.81.
According to the news, due to the influence of international gold prices, domestic gold prices are also constantly rising. On March 5, a reporter learned from gold and jewelry brands such as Chow Tai Fu, Chao Hongji, Lukfook Jewellery, Xie Ruilin, and Zhou Shengsheng that domestic pure gold jewellery prices all surpassed 645 yuan/gram on the same day. Furthermore, during the night market trading session of the Shanghai Gold Exchange on March 5, Au99.99 (No. 1 gold) rose to 503.99 yuan/gram during the intraday period. The price of No. 1 gold broke through the 500 yuan mark for the first time, reaching a record high.
Guoyuan Securities previously pointed out that investment and consumer demand resonated in 2023, and the overall gold and jewelry industry, especially the gold category, showed a good boom. Looking ahead to 2024, the expected increase in gold prices will not change to support investment demand, and self-satisfaction demand+Guochao+process iteration will support the increase in wear demand. Top brand stores continue to expand, industry concentration has increased markedly, and I am optimistic that the market share of leading brands will continue to expand.