--- title: "Domestic gold prices have fallen below 1,000 yuan! The Shanghai Gold Exchange has issued the latest notice" type: "News" locale: "en" url: "https://longbridge.com/en/news/280091763.md" description: "On March 23, domestic gold prices quickly fell below 1,000 yuan, reporting 982.78 yuan/gram, with a daily decline of over 4%. Gold ETFs and related stocks also experienced a drop. International gold prices similarly plummeted, with the London spot price falling below 4,500 USD/ounce, marking a weekly decline of 10.49%. Analysts pointed out that market focus has shifted to inflation expectations and monetary policy, with a stronger US dollar further suppressing gold prices. The Shanghai Gold Exchange issued a notice reminding member units to pay attention to market risks and prepare emergency plans" datetime: "2026-03-23T02:29:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280091763.md) - [en](https://longbridge.com/en/news/280091763.md) - [zh-HK](https://longbridge.com/zh-HK/news/280091763.md) --- # Domestic gold prices have fallen below 1,000 yuan! The Shanghai Gold Exchange has issued the latest notice On the morning of March 23, domestic gold prices quickly fell below 1,000 yuan. As of the time of publication, it was reported at 982.78 yuan/gram, with a daily decline of over 4%. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O6R6ZuHuM8ZqK5jw0T0VZ5FH6_uDcj4BzTn9tgrtUxQgUAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) As of 9:45, the gold ETF ChinaAMC (518850) fell by 4.53%, the gold stock ETF (159562) fell by 4.36%, and the non-ferrous metal ETF fund (516650) fell by 2.46%. This morning, multiple brands adjusted the prices of their gold jewelry. Lao Miao Gold's gold jewelry was reported at 1,363 yuan/gram, down 50 yuan from the previous day's 1,413 yuan/gram. Chow Tai Fook, Luk Fook Jewelry, and Chow Hong Ki's gold prices all fell below 1,400 yuan/gram. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O0_tpqexQgPuZUFq6rTPdSJMytC4i1WhDgltSEYVkDa5cAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) In the past week, international gold prices experienced a cliff-like drop. As of March 21, Beijing time, the London gold spot price fell below the critical threshold of 4,500 USD/ounce, with a weekly decline of 10.49%, marking the largest single-week drop since March 1983. Analysts pointed out that the main reason is that the market trading focus has shifted from "geopolitical risk aversion" to "inflation expectations and monetary policy games." The recent conflict in the Middle East ignited the oil market, which quickly triggered strong concerns about the resurgence of global inflation. In the face of potential "stagflation" risks, central banks of major global economies may need to reassess their monetary policy paths. Currently, the CME Group's FedWatch tool shows that the market expects the probability of the Federal Reserve cutting interest rates this year to be less than 10%, and there may even be an interest rate hike, which enhances the attractiveness of interest-bearing assets like bonds, while the non-interest-bearing gold becomes less attractive. Meanwhile, the recent strengthening of the U.S. dollar index has suppressed gold purchasing demand, putting downward pressure on gold prices. Data shows that since the outbreak of the conflict, international gold futures prices have cumulatively fallen by about 13%. Shanghai Gold Exchange: Notice on Risk Control Work in the Recent Market Today, the Shanghai Gold Exchange issued a notice stating that there are many factors affecting market instability recently, and the volatility of precious metal prices has significantly intensified. All member units are requested to closely monitor market changes, refine and implement risk emergency plans, and maintain stable market operations. At the same time, investors are reminded to take precautions against risks, reasonably control positions, and invest rationally. Chengshi Interactive ยท Urban Daily Comprehensive Report Editor: Cheng Jiayi Reviewed by: Mao Di, Wang Chenyu Proofread by: Ye Qin ### Related Stocks - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [159834.CN](https://longbridge.com/en/quote/159834.CN.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [DUST.US](https://longbridge.com/en/quote/DUST.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [03170.HK](https://longbridge.com/en/quote/03170.HK.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [07299.HK](https://longbridge.com/en/quote/07299.HK.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [82824.HK](https://longbridge.com/en/quote/82824.HK.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [02824.HK](https://longbridge.com/en/quote/02824.HK.md) - [09824.HK](https://longbridge.com/en/quote/09824.HK.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [BAR.US](https://longbridge.com/en/quote/BAR.US.md) ## Related News & Research - [PRECIOUS-Gold eases as higher yields, firm dollar offset US-Iran peace hopes](https://longbridge.com/en/news/286996403.md) - [PRECIOUS-Gold falls to 1-1/2-month low on higher US yields, firm dollar](https://longbridge.com/en/news/287016248.md) - [AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED | AEM Stock News](https://longbridge.com/en/news/287063692.md) - [PRECIOUS-Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook](https://longbridge.com/en/news/286695654.md) - [PRECIOUS-Gold steady as US-Iran peace deal hopes offset inflation fears](https://longbridge.com/en/news/287138596.md)