On January 29, against the backdrop of continued strength in international gold prices, the retail prices of Chinese gold jewelry have been raised across the board. Many gold jewelry brands have reached the 1700 yuan mark, with individual brands seeing daily increases of over 100 yuan.
According to statistics from “Oriental Wealth,” on that day, Lukfook Jewelry’s 999 gold and domestic gold prices were reported at 1704 yuan per gram, up 88 yuan from the previous trading day. Lao Miao Gold (Shanghai region), Chow Tai Fook’s gold jewelry, Hiersun’s gold jewelry, and Chow Sang Sang’s domestic gold jewelry were all priced at 1706 yuan per gram, marking an 88 yuan increase. Chow Sang Sang’s domestic gold jewelry was priced at 1708 yuan per gram, up 94 yuan, while the price of China Gold’s gold jewelry was reported at 1719 yuan per gram, a daily increase of 103 yuan, leading the gains.
In the international market, Reuters quoted a report from HSBC bank stating that geopolitical tensions, global economic uncertainties, and central banks around the world continuing to increase their gold reserves have collectively supported the strong international gold prices. Institutions predict that the upward trend in gold prices is expected to continue into the first half of 2026.
On January 28, the spot gold price first broke through $5200 per ounce; on January 29, it further surged significantly, approaching $5600 per ounce at one point, setting a new historical record. Previously, international investment banks such as Goldman Sachs also raised their gold price expectations, believing that with strong global demand for safe-haven assets and a loose monetary environment, there is still room for further upside in gold prices.