Spot gold falls below $4,000, leading to a price reduction in domestic branded gold jewelry

(1) On Friday Eastern Time, the spot gold price fell below the $4,000 per ounce mark, leading to a reduction in the prices of domestic branded gold jewelry. (2) According to reports: Lao Miao Gold pure gold jewelry is priced at 1,196 yuan per gram, a drop of 12 yuan compared to the previous day; Chow Sang Sang is priced at 1,200 yuan per gram, down 6 yuan; Chow Tai Fook is priced at 1,202 yuan per gram, down 6 yuan; Lao Feng Xiang is priced at 1,206 yuan per gram, down 6 yuan. (3) Previously, on September 24, the gram price of domestic branded gold jewelry was generally around 1,300 yuan per gram; within a month, the price of gold jewelry has dropped by about 100 yuan.