Lates News

Today, the prices of gold and silver fluctuated significantly. Both popularity and sales volume in the Shuibei Market in Shenzhen have seen a noticeable decline, with many consumers choosing to "trade in old for new". Merchants said, "The transaction volume may not be as high as before, as investment customers still mainly buy in small quantities of 5 grams or 10 grams." The fluctuation in gold prices not only affected the retail end but also gradually spread to the wholesale sector. Some wholesale merchants stated that due to the sharp increase in gold prices today, the quantity of wholesale purchases has significantly decreased, leading to an overall sales reduction of about one-third compared to yesterday. "Customers are buying half the amount because of the large price fluctuations, they are afraid of sudden drops or surges. Previously, they would buy one or two kilograms, but now they are only buying 200 grams or 500 grams." As for silver, although the price has rebounded today, consumer purchasing intentions are weak due to a significant previous price decline. Merchants said, "Before the New Year, silver could be sold for 24 yuan per gram, but during the recent lowest point, it was selling for around 15 yuan per gram, and sales volume decreased by over 90%." (CCTV Finance)