Soaring Bullion Prices Spark Gold Buyback Rush in China...
China News
November 1, 2024
As gold prices reach record highs, many Chinese consumers are seizing the opportunity to sell their gold holdings and lock in profits. Jewelry stores, particularly in regions like Zhejiang Province, are witnessing a surge in buyback orders. One local shop, which typically handles dozens of buybacks monthly, has seen this number rise dramatically to nearly 30 per day in recent weeks. Experts say the trend reflects growing confidence in capitalizing on the precious metal's current value.