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The gold price per gram for jewelry has soared over 100 yuan in a month! International gold prices have once again surpassed $4,400, and UBS predicts it could reach $5,000 next year.

The gold price per gram for jewelry has soared over 100 yuan in a month! International gold prices have once again surpassed $4,400, and UBS predicts it could reach $5,000 next year.

新浪财经新浪财经2026/08/12 09:51
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The gold price per gram for jewelry has soared over 100 yuan in a month! International gold prices have once again surpassed $4,400, and UBS predicts it could reach $5,000 next year. image 0

  

On August 12, after a period of fluctuating correction, the international spot gold price rebounded strongly and once again surpassed the $4,400/oz threshold. At the time of publication, it was quoted at $4,409.36
per ounce, an increase of 0.91%
.

  

The price of gold jewelry has also risen accordingly. As of August 12, the price per gram for domestic branded gold jewelry was close to 1,330 yuan. Chow Tai Fook gold jewelry was quoted at 1,329 yuan/gram, and Chow Sang Sang gold jewelry at 1,328 yuan/gram. The price of gold jewelry hit a low on July 14, with Chow Tai Fook gold quoted at 1,217 yuan/gram and Chow Sang Sang at 1,214 yuan/gram on the day. Based on this,
the price per gram of gold jewelry has soared by more than 100 yuan within a month
.

  After half a year of volatile adjustments, bottoming signals in the gold market are beginning to emerge. Looking ahead, many institutions believe that despite gold prices still being suppressed by U.S. bond yields and likely to maintain a bottoming trend in the short term, central bank gold purchases and the global "de-dollarization" trend are steadily building momentum for long-term growth.

  According to the World Gold Council's recently released Q2 2026 "Global Gold Demand Trends Report," in the second quarter global central banks and other official institutions had a net increase in gold reserves of 289 tons, a year-on-year increase of 62%. Several countries have increased their central bank gold purchases, highlighting the important role of gold in official reserves.

  

UBS's latest report
states that the price of gold is likely to surge to $5,000/oz in the first half of 2027. UBS believes that although the short-term market environment is volatile and uncertain, multiple long-term bullish factors underpin the fundamental logic for gold's medium- and long-term uptrend.

  

Some analysts point out that in the East 8 Zone
the US Consumer Price Index released on Wednesday night and the Producer Price Index on Thursday will be key moments for market repricing. Surveys show that the market generally expects the US July CPI to edge up 0.1% month-on-month, with the annual rate slowing from 3.5% last month to 3.4%; core CPI is expected to rise 0.2% month-on-month and slow from 2.6% to 2.5% year-on-year. If the actual data meets or falls below expectations, it will further reinforce the "inflation under control" narrative and lower the probability of near-term interest rate hikes, thereby supporting gold. If data again shows sticky inflation, it may push rate hike expectations higher and put pressure on gold prices.

  

Editor: Zhu Henan

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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