In China, rising gold prices have dampened consumer interest, with gold losing some of its appeal. Data from the Shanghai Gold Exchange indicates that prices rose from 66 to 80 U.S. dollars per gram between March 1 and June 21. This surge has led many consumers to adopt a "wait and see" approach. Vendors at the Shuibei market in Shenzhen, a key indicator of the country's gold sector, have observed a significant drop in sales as a result.