The price of gold jewelry has increased by CNY20 per gram in some big emporiums in Tianjin as of April 20, influenced by the record-high gold prices in both domestic and international markets.
The Shanghai Gold Exchange said yesterday that AU9999 hit the price of CNY313.65 a gram, the highest price ever. Meanwhile, the price reached more than US $1498 an ounce (1 ounce= 28.3495231 grams), before close of market.
From April 20, gold jewelers will raise their prices from CNY 370 to CNY 390 a gram, an increase of CNY 20, source from an insider.
After hitting a record high, prices of precious metals like gold and silver still have some upward space which will bring benefits for long-term investors, Gong, an analyst from CGS, said.
Â
.jpg)
