How Low Is The Price Of Gold Jewelry In Dalian Shopping Center?

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Xiaobian of the network introduced to you the 285 yuan / gram! This is really the gold ornament of Dalian shopping mall.

Recently, the price of gold jewelry in Dalian shopping mall gold (1164.26, -1.14, -0.10%) jewellery area was quietly reduced to 285 yuan from 295 yuan per gram.

"This price is not only a drop of 100 yuan per gram before the first half of last year, but also created a new low price of gold in four years."

The head of the sales area told reporters.

Reporters learned that, with the decline in international gold prices, the city's major shopping malls gold sales prices have been reduced accordingly.

Gold prices fell to nearly four years low

Last week, the US Federal Reserve announced its withdrawal from the third round of quantitative easing, resulting in a fall in international gold prices. It has now fallen below 1200 US dollars / ounce, and has fallen 50 dollars in the past week, setting the lowest international gold price in the past 4 years.

Gold prices also fell in the domestic gold market.

Reporters learned that, at present, the sales prices of gold in major shopping malls in Dalian have started a new round of reduction since last Friday, with a reduction of around 10 yuan per gram. The price of gold ornaments in mainstream shopping centers is around 285 yuan per gram, while the price of investment bars is down to 245 yuan per gram.

Industry insiders say the collapse of the gold is directly due to the announcement of the end of quantitative easing in the United States and a series of ultra - expected economic data ensuing in the United States.

Meanwhile, the Bank of Japan's resolution in late October expanded the base money to 80 trillion yen a year, compared with the previous target of 60 trillion to 70 trillion yen.

Driven by this news, the yen plunged completely, and the US index rose strongly and refreshed its four year high.

Any substantial depreciation of any currency will make the dollar appreciate relative, and it is also expected that the price of gold will be depressed.

The downward path of gold prices in Dalian

"This is the lowest price in nearly four years."

Shopping mall stakeholders told reporters that since 2010, the price of gold jewelry in Dalian market is the first time such a low position.

The high price here came from the end of 2011 to the beginning of 2012, when the price of gold jumped to a high level of 460 yuan per gram.

"Last year's gold crash is still fresh in memory," the official said. In the first half of last year, because of the international gold price shocks, the retail price of gold ornaments in our city gradually changed from early to 420 yuan per gram and adjusted to around 385 yuan in early April. Since then, the price of gold jewelry has been changed by 25 yuan on the same day in April 16th.

It was also the collapse of the gold price that triggered the concentrated purchase of gold market in Dalian for many years.

But that gold crash is clearly the beginning.

Since then, the price of gold in Dalian has been stable for about a month at the price of 350 yuan per gram, and since the beginning of last May, the price of gold jewelry has been repeatedly reduced to 300 yuan ~320 yuan per gram.

Reporters learned that after the Spring Festival this year, March, Dalian gold jewelry prices once appeared 330 yuan per gram high, but then entered the consolidation period, always lingering between 310~320 yuan.

Before and after eleven this year, the price of gold jewelry fell below 300 yuan. Until recently, with the international gold price falling, the lowest level in nearly four years - 285 yuan.

That is to say, even after the big drop in gold last April, the price of gold bought by ten thousand yuan was bought at a relative low price of 360 yuan per gram, and now its market value has dropped by 2084 yuan.

Number theory

Dalian this year

Gold consumption

Down 20%

According to the latest data released by the China Gold Association, China's gold consumption in the first three quarters of 2014 was 754.82 tons, a decrease of 205.76 tons compared with the same period last year, down 21.42% from the same period last year.

This trend is also applicable in the Dalian market.

Reporters learned from a number of shopping malls, compared with last year's "golden age", although the price of gold market in our city is low this year, the overall consumption is significantly reduced.

A number of shopping malls revealed to reporters that compared with the same period last year, gold sales in the first ten months of this year have dropped by about 20%, while the consumption of gold bullion will decline more obviously.

At present, there are different views on gold investment in the industry.

There is a view that the price of gold has almost dropped to the bottom, so we can consider it.

But there is also a view that the state

There is still room for downwards. We should not rush out.