Since April 2024, gold prices have hit new highs this week due to factors such as the Fed's interest rate cut expectations, intensified geopolitical risks, and central bank gold buying and safe-haven buying. Since the beginning of this week, the international gold price has risen from 2,238 US dollars on April 1 to 2,328 US dollars on the 7th, the international gold price has risen by 90 US dollars / ounce this week, and the RMB gold price has risen from 519 yuan to 541 yuan, an increase of 22 yuan / gram. At present, the price of gold jewellery per gram of many retail brands in China has exceeded 710 yuan.
Forecast for gold next week
According to Kitco's survey, most experts expect gold prices to rise further next week. While 75% of retail investors expect gold prices to rise further or trade sideways, only 17% expect gold prices to move lower.
Economic data and events to watch out for are: the US consumer price index CPI report for March, the producer price index PPI, the weekly initial jobless claims, the preliminary consumer confidence of the University of Michigan, etc., as well as the monetary policy of the European Central Bank and the monetary policy of the Bank of Canada.
On April 7, 2024, the retail price of branded gold remained high. According to the statistics of Jinglan-Gold Price Inquiry Network, the current price of gold jewelry is in the range of 585 yuan to 719 yuan per gram (labor costs are not included), and the price of investment gold bars is about 562 yuan per gram.
1. International precious metals market
At present, the domestic gold price is 537.8 yuan per gram, the international gold price is 2328 US dollars / ounce (541 yuan / gram), the international platinum price is 929 US dollars / ounce (214 yuan / gram), the international palladium price is 1001 US dollars / ounce (232 yuan / gram), and the international silver price is 26.4 US dollars / ounce (6.3 yuan / gram).
2. The price of gold in major brand gold stores fell and rose today
| name | products | Price | Change |
| Shellfish gold | The price of gold | 547 yuan/gram | real time |
| Chow Tai Fook | The price of gold | 718 yuan/gram | flat |
| Zhou Shengsheng | The price of gold | 719 yuan/g | flat |
| Liufuku Jewel | The price of gold | 718 yuan/gram | flat |
| Gold Supreme | The price of gold | 718 yuan/gram | flat |
| Chao Hongji | The price of gold | 718 yuan/gram | flat |
| Xie Ruilin | The price of gold | 710 yuan/gram | flat |
| Lao Fengxiang | The price of gold | 717 yuan/gram | flat |
| Old temple gold | The price of gold | 717 yuan/gram | flat |
| Caibai jewelry | The price of gold | 688 yuan/gram | flat |
| Saturday Blessing | The price of gold | 718 yuan/gram | flat |
| Zhou Dasheng | The price of gold | 718 yuan/gram | flat |
| Chinese gold | The price of gold | 660 yuan/gram | flat |
| Kim Dae-fook | The price of gold | 713 yuan/gram | flat |
| Industrial and Commercial Bank of China | Bar prices | 565.8 yuan/g | real time |
| China Construction Bank | Bar prices | 566.5 yuan/g | real time |
| Minsheng Bank | Bar prices | 549.2 yuan/gram | real time |
| Ping An Bank | Bar prices | 550.7 yuan/gram | real time |
| Post Bank | Bar prices | 553.4 yuan/g | real time |
Note: There is no unified price for gold in gold stores (the gold price of the same brand will vary in different regions), the above quotations are for reference only, and the labor costs are additional, and the purchase is subject to the gold price listed on the day of the local gold store.
3. Precious metal recycling prices
Today, the recycling price of gold is 532 yuan per gram, the recycling price of platinum is 192 yuan per gram, the recycling price of palladium is 200 yuan per gram, the recycling price of 18K gold is 384 yuan per gram, and the recycling price of silver is 5.4 yuan per gram. (The gold market is volatile, and there is no fixed standard for recycling gold.) )
4. Hong Kong gold prices
Today's Hong Kong gold market is tentatively quoted at 21,625 Hong Kong dollars, about 37.43 grams for one tael, and 1 Hong Kong dollar is about 0.924 yuan as of press time, and the labor fee/commission is additional.
| brand | HKD/tael | HKD/g | yuan/gram |
| Chow Tai Fook gold price | 25920 | 692 | 639 |
| Chow Sang Sang gold price | 26340 | 704 | 650 |
| The price of gold in Tse Seo Lin | 25820 | 691 | 638 |
| Gold Supreme Gold Price | 25820 | 691 | 638 |
| Lao Fengxiang gold price | 25820 | 691 | 638 |
| Lukfook Jewellery Gold Price | 25820 | 691 | 638 |
The above information is for reference only!