Chinese gold retailers raise prices as international bullion gains

From globaltimes.cn

Chinese gold retailers are raising prices as international bullion prices keep rising amid an unstable global situation. On Monday, the gold price surged to $1,403.90 per ounce (oz) in the afternoon trading session in the Asian market, after hitting the highest level since 2013 on Friday at $1,400 per oz. The price of 999 gold in almost all domestic gold jewelry shops reached 395 yuan ($57.44) per gram, according to dyhjw.com, a gold investment information platform in China. A gold ingot of 99.9 percent purity is considered to be 999 gold. For example, the 999 gold of Chow Tai Fook was sold at 336 yuan per gram last ... (full story)