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Business soared by 4,000%! Gold realisation boom continues, and short-term chasing needs to be cautious

author:Changjiang Cloud News

Recently, gold prices have seen a pullback on the basis of the previous rally. When the price of gold fluctuates, what about the investment market?

The reporter saw in a gold jewelry store in Nantong, Jiangsu Province, that there were a dazzling array of gold jewelry in the store, and many customers came to buy, and some customers took old gold jewelry to consult the repurchase business.

Business soared by 4,000%! Gold realisation boom continues, and short-term chasing needs to be cautious

Zhao Jing, a salesperson in a gold store in Nantong, Jiangsu: The current market is not bad, more than 600 yuan per gram a year ago, and the current price is basically a little more than 700 yuan per gram.

Similarly, banks' gold recycling business has also seen a peak.

Business soared by 4,000%! Gold realisation boom continues, and short-term chasing needs to be cautious

Citizens of Nantong, Jiangsu: Sold 250 grams of gold, with a profit of nearly 140,000 yuan, and the income exceeded 30%.

The reporter visited and learned that the gold repurchase volume of many banks in Nantong has remained high recently. Due to the long time required for the repurchase business, some bank branches have also optimized their services in order to cope with the surge in customers.

Business soared by 4,000%! Gold realisation boom continues, and short-term chasing needs to be cautious

Qiu Wei, President of Bank of China Nantong Branch: Recently, we have set up a special gold repurchase point and increased the number of staff in charge of gold repurchase business. Since March, the repurchase volume of Bank of China Gold in Nantong has reached nearly 3 million yuan, and the highest redemption volume in a single day has reached 1,600 grams.

Also in a Bank of Communications in Beijing, the reporter learned that in the past March, the outlet repurchased 564 gold businesses, an increase of 4,000% month-on-month, and the repurchase amount was 28.88 million yuan, an increase of 5,150% month-on-month.

Business soared by 4,000%! Gold realisation boom continues, and short-term chasing needs to be cautious

Ma Guangchao, Customer Service Manager of the Business Department of Bank of Communications Beijing Branch: The flexible window for gold repurchase has been increased to avoid customers waiting. It has also increased the consultation telephone number to facilitate customer consultation. Since the beginning of this year, the maximum gram weight of a single customer repurchase has reached 2,000 grams, and the amount has reached 1.11 million yuan.

Business soared by 4,000%! Gold realisation boom continues, and short-term chasing needs to be cautious

Industry insiders reminded investors that at present, the international gold price has entered a stage of high consolidation, and the public chasing the rise in the short term should remain cautious.

Source: CCTV Finance

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