TechFlow news, November 4 — According to Jinshi Data, online rumors suggested that some merchants quickly removed gold bars from sale, with certain brands pricing gold bars above 1,200 yuan per gram—more expensive than yellow gold jewelry. However, after visiting brand retailers including Luk Fook, Chow Tai Fook, and Lao Feng Xiang in Guangzhou, reporters found that investment gold bars remain on regular sale without any suspension. Retailer visits indicate upstream prices for investment gold bars have already increased, making a price hike at the retail level highly likely. On November 4, the midday price of Shanghai Gold was 913.54 yuan/gram. The per-gram prices for investment gold bars at Chow Tai Fook, Lao Feng Xiang, and Luk Fook were 1,170 yuan, 1,170 yuan, and 1,168 yuan respectively—none exceeding 1,200 yuan/gram. Nevertheless, reporters at Lao Feng Xiang discovered that smaller-weight gold beans are priced higher than gold bars; for example, a 1-gram gold bean costs 1,202 yuan, more expensive than a 5-gram small gold bar.
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