China Gold Tracker: Gold Prices, Laopu and Chow Tai Fook

Gold has become one of the sharpest signals in China's consumer economy. Its price now drives retail strategy and brand valuations across the jewelry sector. Jing Daily's China gold tracker monitors gold prices and analyzes the moves they set off at Laopu Gold, Chow Tai Fook, Chow Sang Sang and the jewelers chasing them. Featured story Latest updates Oct 29, 2026 · Chow Tai Fook closes 240 more mainland stores Chow Tai Fook shut a net 240 stores in mainland China in Q2 of fiscal 2027, leaving 4,807 as of September. That is 2,596 below its peak of 7,403. Oct 28, 2026 · India's jewelers wait for a deeper slide India's biggest jewelers are holding back purchases into peak season, betting prices fall further, even as Chinese households buy up cheaper bullion. Oct 9, 2026 · Retail gold prices dip across major chains Gold jewelry prices at several major Chinese retailers declined on October 8. Sep 28, 2026 · Laopu opens its largest mainland store Less than a year after entering Plaza 66, Laopu Gold opened a flagship of more than 350 sqm on the mall's second floor. Aug 28, 2026 · Chow Sang Sang's profit more than doubles Chow Sang Sang's interim net profit rose 139% to HK$2.15 billion for the six months to June 30, with non-operating gains driving much of the jump. Revenue climbed 17%. Aug 25, 2026 · Laopu's growth slows to 60% Laopu Gold's first-half revenue rose 60%, against 251% a year earlier, as fixed-price premiums widened against a retreating metals market. Jul 27, 2026 · Laopu's cooling growth tests its pricing power Profit rose 85%, a sharp slowdown for Laopu Gold, a brand built on 200%-plus surges. Jun 16, 2026 · Higher gold prices mask softer demand at Chow Tai Fook Jun 12, 2026 · Chow Tai Fook posts record annual profit Chow Tai Fook's FY2026 profit attributable to shareholders rose 52.2% to HK$9 billion. Jun 10, 2026 · Laopu shares halve from their peak Laopu Gold shares fell 3.51% on June 9 to HK$456.40, half their July 2025 record above HK$1,065. Market value sat around HK$80 billion. Mar 25, 2026 · Gold's steepest weekly fall in 43 years Prices fell nine straight trading days, pushing domestic Chinese gold below 1,000 RMB per gram and squeezing Chow Tai Fook's fixed-price strategy. Mar 23, 2026 · Laopu's 2025 revenue up 221% Laopu Gold's full-year revenue reached 27.3 billion RMB, beating Bloomberg consensus. Net profit rose 230% to 4.87 billion RMB. Mar 17, 2026 · Chow Sang Sang shares jump 11% Chow Sang Sang guided FY2025 profit from continuing operations of HK$1.6 billion to HK$1.7 billion, more than double the prior year. Feb 24, 2026 · Chow Tai Fook confirms mid-March price hikes Chow Tai Fook's fixed-price gold items are expected to rise 15% to 30% after Spring Festival. Feb 19, 2026 · Laopu sets its first price increase of 2026 Laopu Gold's first increase of the year takes effect February 28. Jan 28, 2026 · Gold hits $5,200 and beauty brands take notice Jewelry collabs, wealth-god IP and bullion giveaways made gold a lead marketing tool for Chinese New Year. Dec 18, 2025 · Chow Tai Fook's third price hike of 2025 Chow Tai Fook raised prices on some fixed-price gold products on December 19, after rounds in March and October. Dec 11, 2025 · Laopu on track to pass Richemont in China A Rothschild report expected Laopu Gold's 2025 China revenue to exceed Richemont's jewelry division there. Nov 25, 2025 · Gold tax change hangs over Chow Tai Fook Chow Tai Fook missed estimates as China's removal of gold tax rebates threatened retail economics. Deeper reads Spot gold in USD per troy ounce. Shanghai Gold Benchmark in RMB per gram, as published by the Shanghai Gold Exchange. Brand and market updates drawn from Jing Daily reporting.

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China Gold Tracker

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