International gold has fallen for several trading days after an early-year
record high, and domestic gold-jewelry prices have slid sharply. Retail footfall
at Shenzhen Shuibei gold counters remained heavy on weekday afternoons, driven
partly by wedding demand. Several wholesalers who had been on the sidelines have
started concentrated restocking this week, with procurement activity noticeably
higher. In Beijing’s Xicheng district, queues formed at investment-gold counters
and at gold-bar checkout. Many recent buyers are new investors purchasing small
amounts on dips, citing expectations of future price upside and long-term value.
