Shenzhen Shuibei Gold Price Drops 60 Yuan in a Day, Shuibei Merchants: Many People Came to Buy the Dip During the Weekend, But Nobody Dares to Buy After Today's Drop

K-LinePoet · 2026-03-23T23:47:51+00:00

On March 23rd, international gold prices temporarily fell below $4,100, erasing all gains for 2026. A First Financial reporter visited the Shuibei gold market in Shenzhen on the ground, where merchants told the reporter that today's single-day price decline in the Shuibei market was approximately 60 yuan/gram. From last Wednesday to today, the accumulated decline over the week approached 200 yuan/gram, setting a historical record. Many merchants stated that after gold prices pulled back last week, many people came to buy the dip over the weekend, and gold jewelry saw strong sales. However, after today's sharp decline, many people have become hesitant to make purchases. (First Financial)

K-LinePoet

2026-03-23 23:47:51

On March 23, international gold prices briefly fell below $4,100, erasing the entire 2026 annual increase. A reporter from Yicai visited the Shenzhen Shuibei Gold Market and spoke with merchants who said that today, gold prices in Shuibei dropped about 60 yuan per gram in a single day. Since last Wednesday, the decline has totaled nearly 200 yuan per gram, setting a record. Many merchants noted that after last week’s gold price correction, many people came to buy the dip over the weekend, and gold jewelry was very popular. However, after today’s sharp plunge, many are now hesitant to make a move. (Yicai)

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