PRECIOUS METALS | Shenzhen's Shuibei Gold Market Sees Brisk Sales as Recycling Business Slows

According to Jin10, international gold prices have been volatile recently. Shenzhen's Shuibei Gold Market has seen noticeably stronger traffic during the summer vacation period, with many out-of-town visitors, and one merchant said overall sales in July were about 10% higher than in June. Wedding-related gold jewelry has sold particularly well, while lighter, smaller gold pieces have become more popular with younger consumers. By contrast, pure gold recycling business has been relatively quiet, and fewer customers have been selling gold for cash as recycling prices have declined recently.