US-Iraq conflict upgrade gold price breaks 1600! Gold jewelry prices haverisen Gold prices at

consumer terminals have risen.

As of press time, the international gold price was US $ 1,594 / ounce, whichbroke the US $ 1,600 mark in early trading, up nearly 10% from a low of US $1,460 / ounce (November 2019).

At the beginning of the new year, the crisis in the Middle East has exacerbatedthe turmoil in global markets. As of January 6, Beijing time, the price ofgold has soared to $ 1,580 per ounce. Geopolitical conflicts added anotherincident on January 8 and gold prices soared again.

At the end of the year, the reporter from First Financial visited a number ofgold jewellery stores such as Laomiaojin, Chow Tai Fook, Lao Fengxiang, andfound that the gold price of the store also rose with the international goldprice. According to the reporter, compared with the same period of lastyear, the price per gram of gold in the store has increased by 20% -25% per 100yuan. However, depending on the customer's purchase amount (for example,more than 10,000 yuan), the store usually offers a certain discount.

The price of gold has risen

Generally speaking, the price of gold is announced daily by gold jewellerystores, and the price of foot gold changes with the international price ofgold, which has a strong correlation; k gold is usually a single price, whichis the same as in the past. Compared with the year, prices have not changedmuch.

"At present, the price of gold in the store is 468 yuan / gram. The priceof gold changes every day, but if you buy more than 10,000 yuan, you cancustomize the group purchase card and give a 15% discount." Chow Tai Fook,a Shanghai family The store manager told First Financial News.

A person from Laomiao Gold Store told reporters that the current price of goldin the store is 457 yuan / gram, and it was 385 yuan / gram at the end of 2018or early 2019. If it is a group purchase price, it can also be discounted.After discounting,

the price of 437 yuan / gram in Laofengxiang Store said that theprice of gold was 463 yuan / gram. Without clear discounts, pricesfluctuate every day, but the total price of different commodities may dropslightly. In the same period last year, Lao Fengxiang's gold price was 370yuan / gram.

A staff member of a gold shop told reporters that the gold products in the goldshop are basically a manual fee of gram weight