Chinese gold jewelry prices fall below 1,300 yuan/gram, down over 100 yuan in a month
On September 24, 2026, major Chinese gold jewelry brands including Laofengxiang, Laomiao Gold, and Chow Sang Sang cut prices to around 1,293-1,300 yuan/gram, down 12-17 yuan from the previous day. This marks a cumulative decline of over 100 yuan/gram from August 25 highs above 1,400 yuan/gram. Spot gold fell below $4,280/oz. Analysts attribute the drop to Federal Reserve rate hike pressures and signals of further tightening.
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Multiple Gold Jewelry Brands Cut Prices Below 1,300 Yuan per Gram, Extending Downtrend
According to a chart published by Chinese financial data provider Jin10, domestic gold jewelry prices in China continued their downward trend on the day of the report. Multiple major brands have seen their gold jewelry prices fall below the 1,300 yuan per gram threshold. The price reductions are generally between 9 yuan and 13 yuan per gram, indicating a broad-based decline across the sector. The report is based on a price comparison chart and does not provide specific brand names or a detailed breakdown of the factors driving the decline.
Read sourceGold Bar Prices Fall for Most Brands, Laofengxiang Leads Decline by 16 Yuan/Gram
As of 10:30 on September 24, 2026 (Thursday), gold bar prices from major banks and brands in China showed a mixed trend with more declines than gains, according to financial data provider Jin10. Among the brands tracked, Chow Tai Fook, Chow Sang Sang, and Laofengxiang all experienced price drops. Laofengxiang recorded the largest decline, falling by 16 yuan per gram compared to the previous day's closing price. The report provides a snapshot of the precious metals retail market, indicating a broad-based softening in gold bar prices across leading jewelry brands. No specific reasons for the price movements were cited in the brief update.
Read sourceGold Jewelry Prices in China Fall Below 1,300 Yuan per Gram, Down Over 100 Yuan in a Month
On September 24, domestic gold jewelry prices in China saw further declines, with major brands such as Laofengxiang quoting 1,300 yuan/gram (down 17 yuan from the previous day), Laomiao Gold at 1,293 yuan/gram (down 17 yuan), and Chow Sang Sang at 1,297 yuan/gram (down 12 yuan). This marks a significant drop from about a month earlier (August 25), when these brands had all exceeded 1,400 yuan/gram, hitting near three-month highs. The cumulative decline now exceeds 100 yuan/gram. Meanwhile, spot gold fell below 4,280 USD/oz, down 0.28% on the day. An industry analyst attributed the decline primarily to interest rate pressures, noting that the Federal Reserve raised interest rates by 25 basis points last week and signaled further tightening in coming months. St. Louis Fed President Musalem also indicated that additional rate hikes may be needed to curb inflation, which has kept safe-haven flows away from gold despite ongoing geopolitical tensions.
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Gold jewelry prices in China fall below 1,300 yuan/gram, down over 100 yuan in a month
On September 24, domestic gold jewelry prices in China saw a notable decline, with major brands such as Laofengxiang, Laomiao, and Chow Sang Sang reporting prices around 1,300 yuan/gram, down 12-17 yuan from the previous day. This marks a significant drop from a month earlier (August 25), when prices had exceeded 1,400 yuan/gram, hitting a three-month high. The cumulative decline over the past month exceeds 100 yuan/gram. Meanwhile, spot gold fell below $4,280 per ounce, down 0.28% intraday. An industry analyst attributed the decline primarily to interest rate pressures, noting that the Federal Reserve raised interest rates by 25 basis points and signaled further tightening. St. Louis Fed President Musalem indicated additional rate hikes may be needed to curb inflation, which has diverted safe-haven flows away from gold despite ongoing geopolitical tensions.
Read sourceMultiple Gold Jewelry Brands Lower Prices; Laomiao Gold at 1,293 Yuan per Gram
On September 24, domestic gold jewelry prices saw a downward adjustment compared to the previous day, according to data from multiple gold and jewelry brands. Laofengxiang (600612) quoted its domestic pure gold jewelry at 1,300 yuan per gram, down 17 yuan from the prior day. Laomiao Gold quoted 1,293 yuan per gram, also down 17 yuan. Chow Sang Sang (HK0116) quoted 1,297 yuan per gram, a decrease of 12 yuan. The report was sourced from the National Business Daily via AI-generated news.
Multiple Gold Jewelry Brands Cut Prices; Laomai Gold at 1,293 Yuan per Gram
On September 24, domestic gold jewelry prices in China saw a decline, according to a comparison by financial media outlet Cailianshe. Several major gold and jewelry brands adjusted their domestic gold jewelry prices downward from the previous day. Laomiao Gold quoted 1,293 yuan per gram, down 17 yuan from the prior day. Laofengxiang quoted 1,300 yuan per gram, also down 17 yuan. Zhou Shengsheng quoted 1,297 yuan per gram, down 12 yuan. The report provides a snapshot of the price adjustments across these leading brands, indicating a broad market trend of falling gold jewelry prices on that day.
Read sourceGold Jewelry Prices Fall Below 1,300 Yuan Per Gram After Spot Gold Drops
On April 24, spot gold continued to decline, falling over 1.64% or more than $70 per ounce on April 23, closing near $4,286 per ounce. As a result, domestic gold jewelry prices in China dropped accordingly. According to a report by Zhongxin Jingwei on April 24, Lao Feng Xiang gold was quoted at 1,293 yuan per gram, down 17 yuan from the previous day, while Chow Sang Sang quoted 1,297 yuan per gram, down 12 yuan from the previous day. The article, sourced from East Money News, provides a brief market update on the impact of international gold price movements on Chinese retail jewelry prices.
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