Reported 11 months ago
The international gold price plunged on June 10th, leading to promotions in gold jewelry retail in mainland China. Brand owner Lao Fengxiang announced a price drop of RMB 70 per gram, reducing the cost by around NT$315, resulting in savings of nearly NT$10,000 for a 30-gram gold bracelet. Despite the recent decrease, Chinese investors remain enthusiastic about gold investment. Retailers offered discounts as gold prices fell, with some stores reporting a 2-fold increase in sales compared to previous years, particularly during the Dragon Boat Festival holiday. Major banks and financial institutions are optimistic about the future price of gold, with forecasts estimating prices reaching up to $3000 USD by 2025.
Source: YAHOO