Domestic gold price rapidly breaks below 1000 yuan, gold jewelry drops 50 yuan overnight, Shanghai Gold Exchange issues urgent notice

MaticHoleFiller · 2026-03-24T14:14:48+00:00

On the morning of March 23rd, domestic gold prices plummeted rapidly, falling to 980.08 yuan/gram, with a daily decline exceeding 4.7%. Multiple brands adjusted their pure gold jewelry prices, with Laomiao Gold dropping to 1363 yuan/gram. The Shanghai Gold Exchange reminded members to monitor market volatility and manage risks accordingly. International gold prices also recorded the largest single-week decline since 1983.

MaticHoleFiller

2026-03-24 14:14:48

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Reporter | Li Yutong

Editor | Jiang Peixia

On the morning of March 23, domestic gold prices quickly fell below 1,000 yuan. As of the latest report, the price is 980.08 yuan per gram, a decline of over 4.7% intraday.

This morning, multiple brands adjusted their pure gold jewelry prices. Lao Miao Gold’s pure gold jewelry is priced at 1,363 yuan per gram, down 50 yuan from the previous day’s 1,413 yuan. Chow Tai Fook, Luk Fook Jewelry, and Chao Hong Ji Gold prices have all fallen below 1,400 yuan per gram.

Today, the Shanghai Gold Exchange issued a notice: recent market instability factors have increased significantly, causing notable volatility in precious metal prices. All member units are advised to closely monitor market changes, prepare detailed risk emergency plans, and maintain market stability. Investors are also reminded to manage risks properly, control positions reasonably, and invest rationally.

In the past week, international gold prices experienced a sharp decline, marking the largest weekly drop since March 1983. The decline continued on the 23rd, and as of the latest report, spot gold has fallen below the $4,380 mark.

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