Gold jewelry prices surpass 1400 yuan as gold recycling cools down

TechFlow news, December 27 — Recently, gold jewelry prices have surpassed 1,400 yuan. While gold prices continue to rise, the gold recycling and processing industry has shown "polarization." "The current recycling price is one thousand yuan per gram. It was still around nine hundred in October; now it's at a historical high. As prices climb, fewer people will sell—people tend to buy when prices rise, not when they fall," said Mr. Chen, who has been in the gold recycling business for over 20 years. He explained that earlier this year, when gold prices surged rapidly, many investors and consumers "cashed out at peak prices," causing a short-term spike in recycling volume, which has since stabilized. (Qilu Evening News)