We turn now to gold prices which are down this year -- breaking a 13 year winning streak. But instead of worrying Chinese consumers, lower prices mean they’re buying more of the yellow metal.
End of the year sales. Even in the gold market.
"During this period last year the price was at around 400 yuan per gram. This year it fell to around 200 yuan per gram. This has piqued consumers’ interest. We are seeing a rise in sales this year." said a salesperson.
So gold does depreciate. And for people who bought gold last year, this year’s price drop is definitely bad news.Gold counters are now as crowded as supermarkets. Whatever commodity analysts say, in consumers’ eyes, the precious metal hasn’t lost its shine.