Understanding the Market | The gold and jewelry sector leads in gains, with LAOPU GOLD rising over 10%. In the past half month, the price of domestic pure gold jewelry has increased by over 100 yuan
Gold and jewelry stocks are leading the gains. As of the time of publication, LAOPU GOLD rose 10.39% to HKD 765; CHOW SANG SANG rose 7.21% to HKD 14.58; CHOW TAI FOOK rose 5.13% to HKD 15.36; LUK FOOK HOLD rose 3.35% to HKD 25.28. According to a report by Shanghai Securities News, on October 15, international and domestic gold prices reached new highs. On that day, the prices of domestic pure gold jewelry announced by several gold and jewelry brands also surged, with some exceeding RMB 1235 per gram. Specifically, on October 15, the domestic prices for CHOW TAI FOOK pure gold (jewelry, crafts), LUK FOOK pure gold 999/pure gold, Xie Rui Lin pure gold jewelry, CHJ pure gold (jewelry ornaments), and LAO MIAO GOLD pure gold jewelry in the Shanghai region were all RMB 1235 per gram, while the domestic price for CHOW SANG SANG pure gold jewelry was RMB 1233 per gram, with increases of over RMB 100 per gram compared to October 1
According to Zhitong Finance APP, gold and jewelry stocks are among the top gainers. As of the time of publication, LAOPU GOLD (06181) rose by 10.39% to HKD 765; CHOW SANG SANG (00116) increased by 7.21% to HKD 14.58; CHOW TAI FOOK (01929) climbed by 5.13% to HKD 15.36; and LUK FOOK HOLD (00590) went up by 3.35% to HKD 25.28.
On the news front, according to Shanghai Securities News, on October 15, both international and domestic gold prices reached new highs. On that day, several gold and jewelry brands announced that the prices of domestic pure gold jewelry also surged, with some exceeding the threshold of RMB 1235 per gram. Specifically, on October 15, the domestic prices for CHOW TAI FOOK pure gold (jewelry, crafts), LUK FOOK pure gold 999/pure gold, Xie Rui Lin pure gold jewelry, CHJ pure gold (jewelry ornaments), and LAO MIAO GOLD pure gold jewelry in the Shanghai region were all set at RMB 1235 per gram, while the domestic price for CHOW SANG SANG pure gold jewelry was RMB 1233 per gram, with both prices rising by over RMB 100 per gram compared to October 1
