2008-08-18

Beijing gold fell 215 yuan trigger "Chaodi" of panic buying

The stock market in the "Black Monday" staged today in the gold stores. Today, early in the morning, the Chinese gold showed a new premium flagship store: 1000 24K jewelry per gram from 236 yuan to 230 yuan, 24K jewelry from 225 yuan per gram raised to 215 yuan. 24K per gram prices as high as 10 yuan!


The impact of international financial markets, the sharp decline in domestic gold. From the beginning of last week, Beijing cuisine 100, the United States, Guo-hua, such as in the major gold retail market began to you than I to the price cuts. China and China on its shopping malls cut three times. As of today, China's flagship store in 24K gold price Quanchengzuidi, vegetables and the United States and 100 are 218 yuan / g, the Huawei 216 yuan / gram. And high when compared to the dishes Baizu per gram total down 17 yuan.


According to reports, nearly a week of international gold futures fell by 8.4 percent to a 25 to the largest weekly decline. Last Friday had dropped to a low of 777.7 U.S. dollars an ounce and eventually closed at 792.1 U.S. dollars, and March 17 of this year's all-time high of 1033.9 U.S. dollars, has dropped by 241.8 U.S. dollars, or 23.39 percent. February 1983 is the largest weekly decline.


However, the gold all the way down triggered a "Chaodi" of panic buying. Investment in the gold bullion market during the Spring Festival as popular as the panic buying climax. Many people in shopping malls gold bars from the long front counter team, and even 10 grams, 20 grams of "small gold bars" are also panic buying at all. Major buyers that the current price is relatively low, investment in gold is the best time. It is understood that only the Guohua shopping malls daily sales of gold bullion investment reached 30 kg, Jinliang Tian is a day by the public "buy" more than 70 kilograms of gold bars. Guohua shopping malls in charge of operations, said: "last Friday afternoon, had more than 10 species of gold bullion only 45 species, only emergency transportation counters filled."