Record high retail price of gold jewelry

The reporter learned from Changchun gold, silver and jewelry industry chamber of commerce that since the international price of gold raw materials recently hit a record high, Changchun has also raised the retail price of gold jewelry and gold ornaments since the 11th. The adjusted price has set a new record for the retail price of gold jewelry in the city.

Hanying, chairman of Changchun gold, silver and jewelry industry chamber of Commerce, said that the gold price adjustment in Changchun was mainly due to the recent rise in the price of international precious metal raw materials. "At present, the rise and fall of the retail price of gold jewelry in China is determined by the price of raw materials in the international market. On the 8th, the gold futures on the New York Mercantile Exchange closed at a record US $1245.6 per ounce, which led to a general increase in the price of gold related products in the international market. The retail price of gold jewelry in Jiangsu, Shandong and other places in China also rose in succession in these two days." Han Ying said.

According to the analysis of insiders, one of the main reasons for the recent record high international gold futures price is the debt crisis in the euro zone, that is, the fall of the euro has pushed up the need of investors to avoid risks, and a large number of investors turn to gold to maintain their value. Some experts predict that the euro will stabilize and rise as the 750billion euro rescue fund is about to be put into use, and the gold price may continue to oscillate and fall in the near future.

It is reported that from the 11th, the retail price of qianzujin jewelry and qianzujin ornaments in Changchun will be raised from 300 yuan and 340 yuan per gram to 315 yuan and 355 yuan per gram. Platinum and palladium prices have not been adjusted this time. Platinum pt950 and platinum pt990 are 460 yuan and 480 yuan per gram; Palladium pd990 is 180 yuan per gram.