China Gold Jewelry Prices Fall to Around CNY 1,215 per Gram, Biggest One-Day Drop in Nearly Two Months

On July 14, China’s retail gold market extended its decline, with major brands including Chow Tai Fook and Lao Feng Xiang quoting pure-gold jewelry at around CNY 1,215 per gram, down more than CNY 20 per gram on the day, the biggest one-day drop in nearly two months, according to 36Kr. The price is down about CNY 485 per gram from this year’s peak of CNY 1,700 per gram. On the same day, the Shanghai Gold Exchange’s AU9999 contract closed at CNY 879.9 per gram; its year-to-date high was CNY 1,256 per gram in January 2026. Based on a traditional 50-gram “three gold” wedding purchase, the current cost would be nearly CNY 20,000 cheaper than at the start of the year.