Core Insights - The domestic gold market is experiencing adjustments, with retail prices remaining strong while wholesale prices are more affordable [1] - The recovery price for gold is steadily increasing, indicating a stable demand for high-purity gold [6] Brand Gold Store Prices - Major brands' gold prices per gram are as follows: - Chow Tai Fook: 1545.00 CNY - Chow Sang Sang: 1562.00 CNY - King of Gold: 1545.00 CNY - Xie Ruilin: 1545.00 CNY - Lao Feng Xiang: 1518.00 CNY - Lao Miao Gold: 1598.00 CNY - Cai Bai Jewelry: 1505.00 CNY - China Gold: 1505.00 CNY [1][2][3][4] Regional Price Differences - In Shenzhen, wholesale prices are as follows: - Gold 999: 1298.00 CNY - High purity gold 999.9: 1299.00 CNY - Gold bars: 1298.00 CNY - Prices in first-tier cities like Beijing, Shanghai, and Guangzhou vary slightly, with Shanghai's Chow Tai Fook at 1545.00 CNY and Guangzhou's Lao Feng Xiang at 1518.00 CNY [4] Investment Gold Prices - Bank gold bars are priced at 1155.00 CNY per gram, with recovery prices around 1100.00 CNY depending on purity [5][9] Gold Recovery Prices - The current base recovery price for gold with a purity of 99.9% or higher is 1100.00 CNY per gram, with several brands also offering the same recovery price [6][8]

本文源自：市场资讯 作者：行情君 2月22日10点，国际金价报5098.8美元/盎司，国际钯金报1748.0美元/盎司，国际银价报84.22美元/盎 司，国内金价报1142.0元/克。 根据国内主要品牌金店报价，周生生价格最高为1562元/克，菜百首饰价格最低为1508元/克；周大福今 日黄金价格1545元/克，六福珠宝今日黄金价格1545元/克，谢瑞麟今日黄金价格1545元/克，金至尊今日 黄金价格1545元/克，潮宏基今日黄金价格1545元/克，老庙黄金今日黄金价格1518元/克，老凤祥今日黄 金价格1518元/克，中国黄金今日黄金价格1508元/克，周六福今日黄金价格1540元/克。 ...

Price Movements in Domestic and International Gold Markets - The price of gold jewelry from major domestic brands has dropped below the psychological threshold of 1500 yuan per gram, with prices reported at 1499 yuan from Chow Tai Fook and 1510 yuan from Lao Feng Xiang, reflecting a decrease of 61 yuan per gram in just one day [1][7] - In contrast, international gold prices have surged, with spot gold rising from 4878.89 USD to 5042.20 USD, marking a daily increase of 2.39% [3][8] - The domestic gold market is experiencing a lag in price adjustments compared to international markets, influenced by fixed costs such as brand premiums and processing fees [11] Geopolitical Influences on Gold Prices - The recent progress in US-Iran negotiations has reduced the likelihood of military conflict, leading to a withdrawal of some safe-haven funds from the gold market [13] - Despite the positive developments, uncertainties remain as Iran refuses to discuss its ballistic missile program, complicating the potential for a formal agreement [9][13] Federal Reserve's Monetary Policy Outlook - Federal Reserve officials have expressed differing views on interest rate adjustments, with some indicating a potential for 75 basis points of rate cuts, while others advocate for maintaining stable rates for a period [5][9][13] - The latest survey from Bank of America shows that 50% of fund managers consider "going long on gold" as the most crowded trade, indicating a strong interest in gold as an investment [5][6] Market Sentiment and Investment Trends - The allocation towards commodities has reached its highest level since May 2022, with a net 28% overweight in commodities among surveyed fund managers [6][11] - The cash levels among investors have slightly increased from a record low, indicating a cautious approach amidst market volatility [11]

Group 1 - The company Laopu Gold announced a price increase for its products starting from February 28, 2026, with adjustments occurring 2-3 times annually [1] - In 2025, Laopu Gold raised its prices three times in February, August, and October [1] Group 2 - On February 18, domestic gold jewelry prices fell below 1500 yuan per gram, with brands such as Chow Tai Fook and Chow Sang Sang quoting 1499 yuan per gram [4] - Other brands like Liufeng Jewelry, Laomiao Gold, and others maintained prices around 1500 yuan per gram, with specific quotes of 1527 yuan, 1516 yuan, 1500 yuan, 1510 yuan, and 1502 yuan respectively [4] Group 3 - On the same day, international gold and silver prices showed a strong upward trend, with spot gold increasing by 1.23% to 4936.6 USD per ounce and spot silver rising over 3% to 75.995 USD per ounce [7]

新京报贝壳财经讯 2月18日，国内黄金饰品价格对比显示，多家黄金珠宝品牌当日公布的境内足金首饰 价格回落至1500元下方，周大福报价1499元/克，老庙黄金报价1499元/克，六福珠宝报价1497/克。周生 生、老凤祥克价仍维持在1500元水平，分别报1500元、1510元。 ...

格隆汇2月18日｜今日国内黄金饰品价格对比显示，多数金店金饰价格已回落至1500元下方，报价落在 1494-1499元/克的区间，不过，老凤祥、周生生等足金饰品价格仍维持在1500元/克的水平。 ...

Core Insights - The significant price disparity of 481 yuan per gram of gold on Chinese New Year's Eve highlights the complexities of the gold market, with prices varying widely between retail, investment, and recovery channels [1][3][6] Price Discrepancies - On February 16, 2026, the retail price of gold jewelry at Lao Feng Xiang was 1548 yuan per gram, while the price at Chow Tai Fook was 1529 yuan, contrasting sharply with the investment gold bar price from China Merchants Bank at 1121.60 yuan and recovery prices around 1067 yuan [1][3][5] - The price differences stem from various factors, including brand premiums, craftsmanship costs, and the nature of the products being sold, with retail prices incorporating significant additional costs beyond the base gold price [6][8] Market Dynamics - The Shanghai Gold Exchange was closed from February 14 to February 23, 2026, leading to a disconnect between retail prices and the international gold market, where prices remained active [3][14] - The international gold price was stable around 5023 to 5024 USD, while the domestic benchmark price was fixed at 1108.50 yuan per gram, illustrating the lack of synchronization between domestic and international markets during the holiday [3][14] Consumer Choices - For consumers purchasing gold for personal use, such as wedding jewelry, the price difference between retail and wholesale can be significant, with potential savings of up to 8800 yuan by opting for wholesale gold and self-processing [9][11] - For investment purposes, consumers are advised to focus on bank gold bars, which offer a closer alignment to the raw material price and lower associated costs compared to retail jewelry [11][12] Recovery Market - The gold recovery market presents its own challenges, with sellers facing potential exploitation through inaccurate weighing and purity claims, emphasizing the need for consumers to engage with reputable recovery services [15][16] - The recovery price reflects the intrinsic value of gold, devoid of any brand or craftsmanship premiums, highlighting the stark contrast between different market segments [8][16] Market Influences - Central banks globally, including China's, have been increasing their gold reserves, which supports the current high gold prices, alongside market expectations of potential interest rate cuts by the Federal Reserve [14] - The upcoming Chinese New Year traditionally boosts gold demand, although a significant portion of consumers express reluctance to purchase high-priced jewelry due to perceived excessive premiums [14]

Group 1: Gold Market Prices - As of February 16, 2026, the domestic gold market shows a mixed trend with a real-time trading price of 1119 CNY per gram and a basic gold price set at 1125 CNY per gram [1] - The price range for jewelry brand gold products is between 1300-1579 CNY per gram, with major brands like Chow Tai Fook and Luk Fook uniformly priced at 1529 CNY per gram, while Lao Feng Xiang is slightly higher at 1548 CNY per gram [2] - The Shanghai Gold Exchange reports that the AuT D contract price is 1108.50 CNY per gram, down 1.47% from the previous day, and the Au9999 contract is at 1109.00 CNY per gram, with a decline of 1.20% [2] Group 2: Bank Gold Bar Pricing - Major banks are quoting investment gold bars in the range of 1121-1145 CNY per gram, with differences attributed to handling fees and brand premiums [4] - Among state-owned banks, Industrial and Commercial Bank of China is at 1143.43 CNY per gram, and China Construction Bank at 1141.30 CNY per gram, while joint-stock banks are slightly lower [5] - China Gold and Cai Bai Jewelry report prices of 1139 CNY per gram and 1137 CNY per gram respectively, while jewelry brands like Chow Tai Fook and Lao Feng Xiang have gold bar prices reaching 1342-1403 CNY per gram, exceeding bank channel prices [6] Group 3: Investment Case Studies - Investor Xue Di, with a strategy of gradual accumulation since 2023, turned an initial capital of 2.8 million CNY into over 5.6 million CNY by January 2026, emphasizing gold's value preservation [8] - In contrast, investor Shi Yue faced losses after buying at a high of 1200 CNY per gram, leading to an average cost of 1185.73 CNY per gram and a significant weekly loss [8] - Investor Tian Rui missed the opportunity to purchase gold at 553 CNY per gram in 2023, now facing much higher prices, highlighting the importance of timing in investment success [8] Group 4: Pricing Power Shift and Supply Variables - Since 2025, the pricing logic of gold has undergone structural changes, moving from a negative correlation with U.S. Treasury real interest rates to a new model influenced by global debt levels and central bank gold purchases [9] - In 2025, global gold demand reached a record high of 5002 tons, with central bank purchases of 863 tons stabilizing the market, indicating a shift in the pricing system towards a tripartite structure involving Asian demand, North American demand, and central bank purchases [9] - Supply dynamics are also changing, as seen in Ghana, where gold production reached a record 6 million ounces in 2025, with artisanal mining surpassing large commercial mines, indicating a surge in informal supply channels [10] Group 5: Consumer Awareness and Investment Strategies - Consumers are advised to be cautious of "one-price" gold products that may not clearly indicate weight, potentially leading to high per-gram prices upon resale [12] - For genuine investors, transparency is crucial, with institutions like China Construction Bank and Agricultural Bank of China offering gold bars at only a slight premium over market prices, making them preferable for risk-averse investments [12] - The strategic reserve demand from global central banks, alongside U.S. monetary policy expectations and geopolitical risk factors, supports high gold prices, emphasizing the distinction between jewelry and investment-grade gold [12]

如何抓住黄金波段机会？聪明钱的选择，黄金+股票一键搞定>> 格隆汇2月16日｜今日国内黄金饰品价格对比显示，金饰价格持续维稳，多家金饰价格落在1529-1530 元/克区间，其中，老凤祥足金饰品价格回落幅度最大，较此前报价回落18元/克。 ...

Group 1 - The international gold price is reported at $5038.5 per ounce, while international palladium is at $1686.0 per ounce, and international silver is at $77.11 per ounce [1] - The domestic gold price is reported at ¥1125.0 per gram [1] - Major domestic gold retailers have varying prices, with Lao Feng Xiang at ¥1548 per gram (highest) and Zhou Shi Fu at ¥1524 per gram (lowest) [1] Group 2 - Other notable domestic gold prices include: Chow Tai Fook at ¥1529 per gram, Chow Sang Sang at ¥1534 per gram, and Liufuk Jewelry at ¥1529 per gram [1] - Additional prices from other retailers include: Xie Rui Lin at ¥1529 per gram, Jin Zi Zun at ¥1529 per gram, Chao Hong Ji at ¥1529 per gram, Cai Bai Jewelry at ¥1530 per gram, Lao Miao Gold at ¥1529 per gram, and China Gold at ¥1530 per gram [1]