Gold Price Dives Again In Wenzhou

< p > gold is no longer a hedge tool for assets. It seems to have been the most profound feeling of Wenzhou people who have always been smart for the past six months.

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< p > gold prices have suddenly changed this year after experiencing a surge in nearly ten years. Following the sharp fall in April, the decline in June has further expanded.

However, this round of decline, investors have been afraid to bargain.

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< p > experienced the Erdos "fried cashmere", Shanxi "fried coal mine" and the national "real estate" Wenzhou capital, and became the Wenzhou fried gold group, and with the gold price diving again, recently, there was news that gold and silver became "the hardest hit", Wenzhou aunt was deeply quilted.

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< p > reporter recently learned from Wenzhou that the "fried gold family" who bought gold in Wenzhou in April has fallen again in the recent decline in gold prices.

Contrary to two months ago, the "Wenzhou mothers" are no longer easy to play.

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< p > < strong > Wenzhou gold price is now 210 yuan < /strong > < /p >.

< p > one side is the diving of gold price, the other is the increase of investment demand.

Earlier media reports said that China's aunt spent 10 days "mop up" 300 tons of gold products. Although some media questioned its authenticity, it is undeniable that gold investment demand has risen and has become a particularly eye-catching scene in the investment market.

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< p > 4 in the middle of the month, with the great diving of gold prices, the former main chef, who was mainly engaged in real estate speculation, saw that the uncertainties of the housing market still existed and began to focus on the gold market.

So we handled a house and bought 1000 grams of investment gold bullion at a price of 311 yuan / gram, and a lot of investors like Ms. Zhang abandoned the real estate market and entered the gold market.

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"P", a local gold trader in Wenzhou, told reporters that "the price of gold has fallen sharply since the middle of 4, leading to a sharp increase in sales of many kinds of physical gold and paper gold, and the sales of some gold products in some banks exceeded the usual one quarter.

Not only the banks, but also the gold shops have a wave of sales fever, which has continued to the May 1 holiday.

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< p > according to the report issued by the world gold association in May 30th, the demand for gold bullion, gold coins and gold ornaments has risen sharply since the fall of international gold prices in late April of this year, leading to a gold premium in Asian markets, of which the gold premium of the Shanghai Gold Exchange once reached $40 an ounce.

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"P", however, as the international price of gold has fallen again in the near future, domestic gold prices have not come to the end of the market as investors expect.

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< p > allegedly, with the decline of international gold prices, the price of gold bars in banks has been reduced by several rounds. The current price is basically 265 yuan / gram, which is more than 10% yuan in the middle of April, when the "Wenzhou aunt" had searched the bottom of the market for 295 yuan / gram.

Meanwhile, the price of gold counters in major department stores in Wenzhou has also started a new round of adjustment since last week.

Thousands of gold ornaments gold price per gram 7~8 yuan, down to 350 yuan / gram, equivalent to 3 years ago the gold price level.

The price of Zhou Dafu, Liu Fu and Xin Jin jewellery has dropped by 18 yuan per gram.

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< p > a local market source in Wenzhou told reporters that Wenzhou had already sold gold at a price of 210 yuan / gram.

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< p > "originally thought that the price of gold would rebound after several rounds of slump. It was not thought that the price fell again. Some early buying gold, originally wanted to copy the bottom of the" fried gold "deep quilt, a Wenzhou gold investor told reporters that investors, Wenzhou affiliated Ruian and other County-level cities are more, the amount of investment is more than several million yuan, less tens of thousands of yuan.

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< p > the local market people in Wenzhou also revealed that a few investors follow suit.

Female customers account for more than 50% of gold sales.

Among these investors, one is idle funds, the other is buying gold for investment, and the other is buying gold.

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< p > < strong > the past gold purchase is no longer < /strong > < /p >.

< p > for investors in the deep quilt, Jindian's business is even more realistic.

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< p > June 28th, New York gold futures lowest quoted price is 1179.4 US dollars / ounce, a new low.

According to public statistics, the international gold price has fallen by nearly 25% since April.

The price of gold has gone down again, but it has not brought about the response of the market.

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< p > June 29th morning, after several days of heavy rain in Wenzhou, the summer heat gradually subsided and was cool and cool. By the local Wenzhou people called "Financial Street", the gold shop on the station Avenue did not come down again because of the fall in gold prices, which led to panic buying.

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< p > two years ago, reporters saw from the station avenue that some of the shops that were in physical stores such as Zhong Guo Ding, Jin Yuan jewelry, Hengtai chase and China gold near International Wenzhou Hotel were all missing. The only store that operated precious metals such as gold was open here.

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< p > the salesperson told reporters that although the price of gold fell again, business was less than before. When it was good, the whole store had a turnover of 300 thousand ~40 yuan, and there was no turnover when business was bad.

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"P", and Hengtai Datong, which is located on Station Avenue and Wanshun Road, is a large scale store which runs precious metals. The reporter saw that the store had been closed, and the telephone at the entrance of the shop was posted on the door of the store. Through the windows and doors glass, we could see the promotional materials for the gold products in the shop.

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< p > reporter learned from the location of the high-end Wenzhou Times Square Shopping Center, a gold shop, the price of the gold is 317 yuan / gram, the processing fee is another calculation.

According to the salesperson of the gold shop, the highest price was 480 yuan / gram, compared with 170 yuan / gram.

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< p > reporter noticed at the shopping center that many gold shops launched a series of preferential activities at the scene.

And the gold shop is bought by some middle-aged women, some of whom are holding children.

A salesperson bluntly said that the current sales volume is not as good as before.

"Most of the customers who buy gold ornaments now use the low price to buy married children for some children or some families, and there is little investment for them."

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"P," Wenzhou local precious metal investment organization responsible for gold investment and customer maintenance, told reporters: "after a fall in April, Wenzhou investors are watching now and are afraid to mention the bottom."

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