Gold Prices Fall Over $1,000 Per Ounce Since January; Domestic Retail Prices Drop Over 300 Yuan Per Gram

According to Caijing Finance, gold prices have declined significantly since late January 2026. International spot gold prices have fallen from a peak of $5,598.75 per ounce to around $4,500 per ounce, representing a drop of over $1,000 per ounce. In China's domestic market, mainstream gold jewelry retail prices in Beijing have fallen from 1,600-1,700 yuan per gram at the start of the year to 1,340-1,370 yuan per gram, a decline of over 300 yuan per gram, or approximately 20%.

Market demand has weakened notably. At major Beijing gold retailers such as Caibai Jewelry, the number of customers purchasing investment gold bars has declined approximately 60% in recent weeks, according to store staff.