Following its record-breaking start to the year, the international gold price has seen a sustained decline over recent trading sessions. On the 11th, spot gold prices briefly dipped below the $4,100 per ounce mark, leading to a significant drop in domestic gold jewelry prices as well.

A visit to the Shuibei gold market in Shenzhen revealed that, even on a weekday, numerous consumers were gathered at various gold counters. Price boards at multiple stores showed the price of gold jewelry fluctuating around 1,060 yuan per gram. Sales staff at several outlets reported a noticeable increase in customer traffic this week.

With the pullback in gold prices, many wholesalers who had previously adopted a wait-and-see attitude have now begun to replenish their stocks in a concentrated manner, leading to a marked recovery in purchasing activity.

At a gold sales store in Beijing's Xicheng District, the investment gold counter was bustling with activity, and a long queue had formed at the checkout for gold bars. It is understood that the store is currently experiencing robust demand for investment gold purchases, while the demand for buybacks has somewhat declined.