The price of gold jewelry has fallen by nearly 450 CNY so far this year

As of the close of trading in New York on Friday, the spot gold price fell by 0.79% to $4,154.78 per ounce; the gold futures price fell by 1.72% to $4,172.9 per ounce. Influenced by the adjustment of international gold prices, the prices of branded pure gold jewelry in China have dropped to around 1,260 yuan per gram, nearly 450 yuan lower than the year's peak.