Hong Kong Stock Movement | Gold and Jewelry Stocks Continue Downward Trend as International Gold Prices Fall Continuously, Domestic Gold Jewelry Price Per Gram Adjusted Below 1400 Yuan

Bloomberg Finance APP reports that gold jewelry stocks continue to decline. As of the latest update, Lao Pao Gold (06181) fell 10.31% to HKD 548; Luk Fook Group (00590) dropped 7.07% to HKD 23.4; Chow Sang Sang (00116) decreased 6.27% to HKD 12.1; Chow Tai Fook (01929) declined 4.56% to HKD 10.67.

On the news front, international gold prices have fallen for several consecutive days, breaking below $4,400 per ounce this morning. It is reported that many domestic jewelry brands are adjusting their pure gold jewelry prices, with Lao Pao Gold’s pure gold jewelry priced at 1,363 RMB per gram, down 50 RMB from the previous day’s 1,413 RMB. Prices for Chow Tai Fook, Luk Fook Jewelry, and Chao Hong Ji gold have all fallen below 1,400 RMB per gram.

Eastern Securities previously released a research report stating that, amid the continuous rise in gold prices, domestic gold jewelry consumption has been significantly suppressed. Meanwhile, investment-oriented products like gold bars and gold coins have seen a rapid year-on-year increase in consumption, greatly surpassing gold jewelry in absolute volume. Guosheng Securities also indicated that by 2025, under the backdrop of rising gold prices, the performance of gold jewelry companies will show clear differentiation. Looking ahead to 2026, it is expected that consumers will continue to focus on product design and brand strength, and companies with distinct product differentiation and strong branding are likely to outperform the industry.