Gold jewelry prices surpass 1,400 yuan, gold recycling faces a downturn

According to TechFlow, on December 27, the price of gold jewelry recently surpassed 1,400 yuan. Compared to the continuous rise in gold prices, there has been a "polarization" in gold recycling and processing. "The current recycling price is 1,000 yuan per gram. In October, it was still over 900, and now it's at a historic high. As prices rise, not many people are selling; people tend to buy when prices go up, not when they fall." Mr. Chen, who has been engaged in gold recycling for more than 20 years, explained that when gold prices surged rapidly at the beginning of this year, many investors and consumers "cashed out at high levels," resulting in a short-term surge in recycling volume. Currently, recycling has become more stable. (Qilu Evening News)