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Prices of gold products pushed up by soaring gold prices

08-11-2011 17:00 BJT Special Report:After S&P Downgrades U.S. Credit Rating |

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Soaring gold prices are also pushing up prices of gold products. But while bullish investors are still pouring in, some are starting to feel the market jitters.

This well-known gold store is located near Shanghai's City God Temple, one of the city's most visited areas. Beautiful gold products are on display, and the store is crowded with customers. Everything is exactly as they were a week ago - except for the price tags.

Li Fuying, a gold store manager said, "The retail price on gold bars has been adjusted to 383 yuan a gram, nearly 20 yuan higher from last week. That's because international gold prices have soared by 100 U.S. dollars per ounce over the past week."

Although gold prices are constantly rising, buyers of gold products seem unaffected. But their attitude toward gold as an investment is becoming increasingly divided. Some expect the precious metal's value will continue to go up, while some worry about the possibility of volatility.

A consumer said, "Gold prices are on the increase every day. Gold is really worth investing in."

A consumer said, "People are more reasonable these days, and would consider their financial capability and market volatility."

The gold frenzy has also boosted the business of local pawn shops.

Editor:Li Wanran |Source: CNTV.CN

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