---
title: "The gold price in Shenzhen Shuibei rose by 30 yuan per gram in one day, and Shuibei merchants claim that the skyrocketing gold price has made gold jewelry unsellable"
description: "On April 22, the spot gold price broke through USD 3,500 per ounce, setting a new historical high. The wholesale gold price in the Shenzhen Shuibei market rose to RMB 837 per gram, with a daily increa"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/236959613.md"
published_at: "2025-04-22T11:36:32.000Z"
---

# The gold price in Shenzhen Shuibei rose by 30 yuan per gram in one day, and Shuibei merchants claim that the skyrocketing gold price has made gold jewelry unsellable

> On April 22, the spot gold price broke through USD 3,500 per ounce, setting a new historical high. The wholesale gold price in the Shenzhen Shuibei market rose to RMB 837 per gram, with a daily increase of about RMB 30. Despite the rise in gold prices, merchants reported poor sales of gold jewelry and sluggish business. Industry insiders warn that the rapid increase in gold prices requires caution regarding price volatility risks

On April 22, spot gold broke through $3,500 per ounce, setting a new historical high. Reporters visited the Shenzhen Shuibei market, where in a wholesale jewelry market, the listed wholesale gold price per gram has reached 837 yuan per gram. Some merchants told reporters that yesterday's price was less than 810 yuan per gram, with a daily increase of about 30 yuan per gram. While gold prices continue to rise, it has also somewhat suppressed the consumption of gold products, and some merchants have indicated to reporters that business has been bleak recently, with jewelry not selling well. Industry insiders stated that the daily increase in gold prices is almost following the rhythm of stocks, and while the increase is rapid, attention must also be paid to the risk of price fluctuations

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
