On June 6, international gold prices fell, with spot gold falling 1.27% to $3309.47/oz; COMEX gold futures fell 1.31% to $3331.00/oz. On June 7, domestic gold jewelry prices fell.
The price of gold jewelry in some domestic brands fell below the 1,000 yuan mark. where:
Chow Sat-Fu Foot Gold Jewelry price is 985 yuan/gram, down 15 yuan/gram from the previous day (1,000 yuan/gram);
Lao Temple was 999 yuan/gram, down 9 yuan/gram from the previous day (1008 yuan/gram);
Currently in Zhou Shengsheng was 1,003 yuan/gram, down 13 yuan/gram from the previous day (1,016 yuan/gram);
Chow Tai Fook was 1,005 yuan/gram, down 15 yuan/gram from the previous day (1,020 yuan/gram).
The State Administration of Foreign Exchange released data on June 7 that as of the end of May 2025, my country's foreign exchange reserves were US$328.53 billion, an increase of US$3.6 billion from the end of April, an increase of 0.11%. On the same day, data released by the State Administration of Foreign Exchange showed that at the end of May, the gold reserves were 73.83 million ounces, an increase of 60,000 ounces month-on-month, making the seventh consecutive month of increase in gold holdings in my country's central bank.
Picture source: website of the State Administration of Foreign Exchange
Source: China Business Daily, China Securities Journal, Sina Finance
