Group 1 - The international gold price is reported at $4982.5 per ounce, while international palladium is at $1994.7 per ounce, and international silver is at $100.81 per ounce. The domestic gold price is at ¥1111.0 per gram [1] - Major domestic gold retailers have varying prices, with Lao Miao Gold at ¥1548 per gram as the highest and Cai Bai Jewelry at ¥1485 per gram as the lowest. Other notable prices include Chow Tai Fook at ¥1542, Chow Sang Sang at ¥1545, and Liufuk Jewelry at ¥1542 per gram [1]

而通州区平潮镇这家涉事老庙黄金店，不仅销售时拒绝告知克重、多次推诿消费者的称重要求，消费者 所购饰品的价签，还缺少标注克重的一联，存在明显的刻意隐瞒行为。事发后，这名消费者向通州区市 场监管局、消费者协会、12345政务服务便民热线等平台进行投诉。记者通过老庙黄金官方网站核实， 涉事的平潮镇门店为品牌正规加盟店。记者就隐瞒克重一事与门店负责人沟通时，对方对此避而不谈， 仅表示已在当地市场监管部门的协调下，与消费者达成了一致的解决方案，未透露具体解决细节。 扬子晚报/紫牛新闻记者 吴佳笑 次日，这名消费者在家人的提醒之下心里生疑，便回到店里询问金饰克重并要求称重，店员含糊回应大 概有4克，并拒绝为其现场称重。1月12日，在消费者的强烈要求下，店家才不情不愿地为金饰称重，结 果显示三件饰品总克重仅3.33克。按当日1226元/克的金价计算，这些金饰的黄金本身价值约4082元， 剩余的2000余元均为工费。得知结果后，消费者十分气愤："如果我知道克重仅有3.33克，我一定不会 买！"她认为商家刻意隐瞒克重属于欺诈，当即向店家提出退货退款，却遭到明确拒绝，店家依旧强 调"一口价商品本就不看克重"。 为了解一口价黄金饰 ...

Group 1 - The spot gold price has been rising, reaching a peak of $4970 per ounce during the early trading session on January 23 [1][11] - The COMEX gold price showed a daily increase of 0.71%, with a closing price of $4948.1 and a previous settlement of $4913.4 [2][12] Group 2 - Domestic gold jewelry brands have seen significant price increases, reaching historical highs [3][14] - Chow Tai Fook's gold price is quoted at 1542 RMB per gram, up by 44 RMB; Lao Miao's price is 1548 RMB per gram, up by 52 RMB; Chow Sang Sang's price is 1545 RMB per gram, up by 53 RMB; and Lao Feng Xiang's price is 1538 RMB per gram, up by 43 RMB [3][14][18]

今日，黄金、白银价格继续刷新历史新高，现货黄金向上触及4960美元/盎司。 与此同时，国内部分品牌金饰克价也有大幅上涨，创历史新高。 周生生官网发布数据显示，足金饰品报1545元/克，较1月22日上涨超50元/克 。 | 周生生 PROMESSA | MINTYGREEN | /可土土 (now >ang EMPHASIS | MARCO BICEGO | 劳力士 | | --- | --- | --- | --- | --- | | | | | | 金价(人民币) | | 足金饰品 (每克 ) | | 卖出 | | ¥1545 | | | | 换金价 | | *1315 | | | | 换珠宝价 | | *1315 | | 工艺金片 (每克 ) | | 卖出 | | #1356 | | 950铂金饰品 (每克 ) | | 卖出 | | *1051 | | | | 换金价 | | ¥844 | | 生生金宝 (每克 ) | | 卖出 | | #1356 | 老凤祥上海会员中心小程序发布数据显示，足金饰品报1538元/克，较1月22日上涨超40元/克 。 老庙黄金官网发布数据显示，足金饰品报1548元/克，较1 ...

Core Viewpoint - The recent surge in gold prices has led to significant adjustments in the pricing strategies of various gold jewelry brands, with many prices exceeding 1500 yuan per gram, marking a historical high. The industry is undergoing structural changes as companies adapt to these challenges and opportunities through various strategic adjustments [1][2]. Pricing Adjustments - As of January 21, the domestic gold price reached 1506 yuan per gram, with different brands adjusting their prices variably. For instance, Lao Miao's price in Shanghai was 1493 yuan per gram, up by 38 yuan, while Chow Sang Sang's price was 1495 yuan, up by 41 yuan [2]. - The pricing of gold jewelry is primarily influenced by raw material costs, which are tied to real-time quotes from the Shanghai Gold Exchange. Some brands use a "real-time tracking" mechanism for price adjustments, while others may have a delay due to internal approval processes [2][3]. Market Dynamics - Factors influencing gold jewelry prices include brand premium, operational costs, and inventory management. High-end brands tend to have a more stable pricing strategy due to their customer base's lower sensitivity to price fluctuations, while mass-market brands adjust prices more closely to raw material costs to maintain competitiveness [3]. - The rise in international gold prices has prompted some brands to increase prices for fixed-price products, with Chow Sang Sang raising prices on certain items by 200 to 1500 yuan starting January 6 [3]. Sales Performance - The share of fixed-price products has been increasing, becoming a significant growth driver for brands. For example, Chow Tai Fook reported a 59.6% year-on-year increase in retail value for fixed-price jewelry in the last quarter of 2025, contributing 40.1% to total retail value [4]. - Sixi Group reported a 15% same-store sales growth for gold products, with fixed-price products seeing a 17% increase, indicating strong performance despite high base figures [4]. Brand Expansion - Companies are focusing on high-end market positioning as part of their brand transformation strategies. Chow Tai Fook opened a new high-end store in Shanghai and plans to continue expanding in cities like Xiamen and Hangzhou [5]. - China Gold Group is set to open its first high-end stores in Beijing and Shenzhen in 2026, aiming to leverage cultural themes and collaborations to enhance brand value [5]. International Expansion - International expansion is a key strategy for growth among gold jewelry brands. Chow Tai Fook plans to enter the Australian market by mid-2026 and expand in Canada and the Middle East [6]. - Sixi Group is also increasing its overseas presence, targeting a net growth of about 20 stores in international markets by the end of the fiscal year [6]. Challenges and Recommendations - The internationalization of Chinese gold jewelry brands is still in its early stages, characterized by small scale and a focus on Southeast Asia. Brands are advised to adopt a dual strategy of product and platform to enhance their international presence [7]. - Recommendations for brands looking to expand internationally include maintaining a high-end brand image, respecting local cultures, and implementing a unified pricing strategy across markets to ensure success [7].

Core Viewpoint - The price of gold jewelry has surged significantly, with spot gold prices reaching a historical high of $4,967 per ounce, leading to a notable increase in the price per gram of gold jewelry in the market [1]. Group 1: Gold Price Movement - Spot gold prices increased by over 2%, breaking the $4,900 per ounce mark and hitting a new record high of $4,967 per ounce [1]. - The price of gold jewelry from various brands has seen substantial increases, with Chow Sang Sang's gold jewelry priced at ¥1,545 per gram, up ¥53 from the previous day [1]. - Lao Miao's gold jewelry is now priced at ¥1,548 per gram, an increase of ¥52 from the previous day [1]. - Lao Feng Xiang's gold jewelry is priced at ¥1,538 per gram, rising by ¥43 from the previous day [1]. Group 2: Price Comparison - The current price of Chow Sang Sang's gold jewelry is ¥1,545 per gram, while the previous day's price was ¥1,492 per gram [2]. - Lao Miao's previous price was ¥1,496 per gram, and it has now increased to ¥1,548 per gram [1][2]. - Lao Feng Xiang's gold jewelry has increased from ¥1,495 per gram to ¥1,538 per gram [1].

Core Viewpoint - The recent surge in gold prices is primarily driven by escalating geopolitical tensions and concerns over a potential new trade war, positioning gold as a key safe-haven asset compared to silver [1][2]. Gold Price Trends - Since January 1, 2023, spot gold prices have risen significantly, surpassing key thresholds of $4400, $4500, $4600, and $4700 per ounce, reaching a new high of $4717.79 per ounce with a 1.00% increase [2][4]. - Year-to-date, spot gold has seen an increase of over 8%, with three-month, six-month, and one-year gains of 9.82%, 39.26%, and 72.69% respectively, indicating a strong upward trend [2]. Jewelry Pricing - The rising gold prices have led to an increase in the retail price of gold jewelry, with several brands reporting prices above 1450 yuan per gram. For instance, Lao Feng Xiang quoted 1456 yuan per gram, while other brands like Chow Tai Fook and Chow Sang Sang reported prices around 1455 yuan per gram [1][2]. - Some brands have adjusted their prices for gold jewelry, with increases ranging from hundreds to thousands of yuan [2]. Stock Market Response - A-share gold-related stocks have collectively strengthened, with companies like He Bai Group, Zhaojin Mining, and Hunan Silver seeing significant gains, with some stocks rising over 10% [3][5]. Future Outlook - Analysts suggest that gold and silver still have upward potential due to ongoing geopolitical risks and uncertainties surrounding the Federal Reserve's policies. The long-term outlook for gold remains positive, with expectations of prices potentially exceeding $6000 [6][7]. - The World Gold Council reported a substantial increase in global gold ETF inflows, reaching $89 billion, indicating strong investor interest in gold as a safe-haven asset [6].

Market Overview - The jewelry sector experienced a decline of 0.65% on January 22, with Mankalon leading the drop [1] - The Shanghai Composite Index closed at 4122.58, up 0.14%, while the Shenzhen Component Index closed at 14327.05, up 0.5% [1] Individual Stock Performance - ST Xinhua Jin (600735) saw a closing price of 6.20, with an increase of 5.08% and a trading volume of 21,200 shares, totaling 13.12 million yuan [1] - Mingpai Jewelry (002574) closed at 6.41, up 1.91%, with a trading volume of 441,000 shares and a turnover of 280 million yuan [1] - Ruibeka (600439) closed at 2.90, up 1.40%, with a trading volume of 225,200 shares and a turnover of 64.79 million yuan [1] - Mankalon (300945) led the decline with a closing price of 17.94, down 4.06%, and a trading volume of 221,800 shares, totaling 396 million yuan [2] Capital Flow Analysis - The jewelry sector experienced a net outflow of 196 million yuan from institutional investors, while retail investors saw a net inflow of 141 million yuan [2] - The main capital inflow and outflow for individual stocks showed varied trends, with Ruibeka experiencing a net inflow of 6.76 million yuan from institutional investors [3] - ST Xinhua Jin had a net inflow of 5.10 million yuan from institutional investors, while it faced a net outflow of 2.88 million yuan from speculative funds [3]

Group 1 - Domestic gold prices remained stable after a previous increase, with the highest price at 1498 CNY/gram and the lowest at 1432 CNY/gram [1] - The price difference between high and low gold prices in stores was 66 CNY/gram, unchanged from the previous day [1] - Various gold store prices were reported, with notable changes including an increase of 3 CNY/gram for Lao Miao and a decrease of 3 CNY/gram for Zhou Sheng Sheng [1] Group 2 - International gold prices reached a historical high of 4887.82 USD/ounce before closing at 4831.59 USD/ounce, reflecting a 1.45% increase [4] - The price of gold experienced a slight decline to 4823.59 USD/ounce, with a decrease of 0.17% as of the latest report [4] - Geopolitical tensions eased, particularly with comments from U.S. President Trump regarding cooperation with NATO and the situation in Ukraine, which contributed to a reduction in market demand for safe-haven assets like gold [4]

Group 1 - The current gold price ranges from 1291 to 1336 yuan per gram, with gold bars priced at 1291 yuan per gram, indicating some volatility in the market [1] - There is a significant increase in foot traffic at physical stores, with customers actively seeking to purchase gold [1] - In Shenzhen, the gold price is reported at 1227 yuan per gram, showing regional price differences [1] Group 2 - The price of gold jewelry from Zhou Sheng Sheng is reported at 1492 yuan per gram, down 3 yuan from the previous day [3] - Lao Feng Xiang's gold jewelry is priced at 1495 yuan per gram, also down 3 yuan from the previous day [3] - The staff at the store were unable to confirm if gold jewelry was cheaper by 200 yuan per gram, indicating a lack of clarity in pricing [3]