Entering China“The price of gold can’t be suppressed, it changes every day, and it has risen very quickly during this time, and I am afraid it will rise.” Early in the morning of March 18, the sales of a brand gold store in Hangzhou’s Hubin business district said to an old customer, “Today is more expensive than the last time you came, more than 30 yuan/gram.” ”
This morning, the gold price of a gold store in Hangzhou has reached 910 yuan/gram, Wu Enhui/photo On March 18, international gold once again broke through the $3,000 / ounce mark. WIND data shows that as of press time, London gold has hit a maximum of $3028.47 per ounce, a new all-time high in one fell swoop; At the same time, COMEX gold also updated its all-time high, reaching as high as $3,037.6 an ounce. Shanghai gold also hit a record high, breaking through 700 yuan/gram. Today, the retail price of gold in many domestic brand gold stores has mostly stood at 900 yuan/gram, Chow Sang Sang has been as high as 910 yuan/gram, and Chow Tai Fook and Chao Hongji have also been adjusted to 905 yuan/gram. After the gold price broke through $3,000 per ounce, many institutions have recently raised their gold targets. Is the gold price rally unstoppable? What’s next?
Sold 5 kg of gold bars
Hangzhou investors earned 110,000 yuan less in a weekThis wave of gold prices rose too fast, in less than aweek, it rose by 20 yuan a gram. Mr. Shen, the head of a gold and jewelry company in Hangzhou, told reporters that last Wednesday, an investor sold gold, but after selling it, the price of gold suddenly soared. “Last Wednesday (March 12), the investor took 5 kilograms of bank gold bars to the company to cash. “He took 500 grams of gold bars, a total of 10, such individual customers are still rare, people are also very low-key, the whole transaction process does not have many words, we estimate that it is a large customer of private banking.” The above-mentioned Mr. Shen revealed to reporters that the investor sold gold at a price of 678 yuan per gram that day, and realized 3.39 million yuan at one time. Photo provided by the interviewee However, the phenomenon of “selling and rising” immediately befell this investor. Since last Wednesday, gold prices have hit new highs in a row, and as of press time today, the domestic basic gold price has exceeded 700 yuan/gram. “In less than a week, it rose by 22 yuan/gram, and if it was sold at 700 yuan/gram this morning, he would have made 110,000 yuan less, which is really regrettable.” Mr. Shen said.
