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Gold sales in China surges | Gold Investment Deals

Gold sales in China surges

November 27, 2012 by  
Filed under Gold Products


27 Sept 2010. Even though Gold has hit $1300, gold sales in China is not slowing down. On the contrary, it is surging The price of gold has been surging on the global market recently but gold prices in China haven’t follow the global trend due to the recently appreciating Chinese currency. And investors are taking advantage with gold sales in the country surging. In Hangzhou in eastern China, gold stores say their business increased by around 50 percent during the Mid-Autumn holiday. Some products even sold out. Yang Chaohong, Zhejiang Store Manager of China Gold Group said “Sales of gold jewelry increased by 50 percent, and sales of gold bars surged by 100 percent. One customer even bought 10 kilograms of gold at once.” In Shanghai, gold is also a hit with customers. Branch Manager of Shanghai Laofengxiang said “Our sales are good. During the three-day holiday, we sold around 3 million yuan worth of gold every day.” Gold products are usually purchased for special occasions, like weddings. But surging global gold prices are also driving Chinese investors to snap up what they can.

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Comments

One Response to “Gold sales in China surges”
  1. 4131025 says:

    Europeans are too rich and ignorant to know this, they are to busy racisting poor people.

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