Recently, I noticed an interesting market phenomenon—the clear segmentation in the gold consumption market. From last year to this year, gold prices have soared from $2,650 per ounce at the beginning of the year to $5,107.80 per ounce, and the RMB-denominated price has also broken through 1,256 yuan per gram. This surge has sparked consumer enthusiasm for purchasing, but even more interesting is the subsequent wave of recycling.



After visiting several jewelry stores, I found that the post-95 and post-00 generations are gradually becoming the main force in gold consumption, but their needs are completely different from those of the previous generation. Young consumers no longer pursue large-weight gold jewelry but prefer lightweight, personalized products—such as zodiac pendants, co-branded designs, ancient-style gold, and mini gold beans—these small-weight categories have become bestsellers. One store clerk mentioned that Year of the Horse-shaped gold pendants are selling particularly well, with over a thousand units sold since the Lunar New Year.

Interestingly, consumer concepts are also shifting. In the past, people bought gold mainly to "hide at home," but now more often to "wear as decoration." This change has directly led to a boom in gold recycling and trade-in businesses—data shows that currently, jewelry gold recycling accounts for about 60%-70%, and gold bars about 30%-40%. Especially when gold prices rapidly spike, large gold bars over 300 grams flood into stores with daily increases of around fifty yuan.

Many consumers share similar ideas with Song Hui. She bought a Chow Tai Fook gold bar for over 700 yuan, and now its price has risen far beyond expectations. She plans to sell part of it first and use the extra money to buy a new pendant. This "value preservation + consumption" balanced strategy is becoming mainstream.

However, industry experts have offered some tips regarding buying gold bars. First, in the face of "daily rising and falling" prices, avoid the mindset of "bottom fishing" and adopt a strategy of buying and recycling in installments to prevent large one-time investments. Second, the most important point when buying gold bars is to choose reputable channels—large shopping malls, branded gold stores, or professional gold recycling companies—because they have brand backing and convenient physical verification.

If recycling is involved, there are a few details to pay special attention to. First, confirm whether the recycling price is higher than the Shanghai Gold Exchange benchmark price. Second, watch out for any tricks related to handling fees, purity verification, and weight measurement. Third, always opt for corporate bank transfers to avoid risks associated with personal accounts. Recently, Meituan and Yuebao Gold jointly launched an online-offline integrated gold recycling service, allowing consumers to mail in or visit stores. All recycled gold enters a certified refining enterprise approved by the Shanghai Gold Exchange, forming a compliant closed loop.

Overall, the core considerations for buying gold bars are rational investment, choosing reputable channels, and paying attention to transaction transparency. During this gold boom, you can enjoy both value preservation and decorative consumption, but the key is to do your homework and avoid blindly following the trend.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin