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China's gold prices soar: Laopu Gold and Shuibei win over market share

Summary by Dao Insights

The price of gold has gone up again. On 1 April, the price of an ounce of gold reached 3,162 USD globally, making it 735.68 RMB (101.22 USD) per gram in China. Prices from gold shops or traditional jewellers such as Chow Tai Fook, Chow Seng Seng and Luk Fook all reached or nearly reached 950 RMB (130.71 USD) per gram. Against this background, most gold shops saw a slump in sales due to the ever-growing prices, but two did exceptionally well: the…

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China's gold prices soar: Laopu Gold and Shuibei win over market share

The price of gold has gone up again. On 1 April, the price of an ounce of gold reached 3,162 USD globally, making it 735.68 RMB (101.22 USD) per gram in China. Prices from gold shops or traditional jewellers such as Chow Tai Fook, Chow Seng Seng and Luk Fook all reached or nearly reached 950 RMB (130.71 USD) per gram. Against this background, most gold shops saw a slump in sales due to the ever-growing prices, but two did exceptionally well: the…

1 day ago

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Dao Insights broke the news in 1 day ago on Friday, April 4, 2025.

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