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Gold Buyers Cross Provinces to Stock Up at Shenzhen’s Shuibei Market

Gold buyers from outside Guangdong flocked to Shenzhen’s Shuibei jewelry market during the National Day holiday as falling gold prices and holiday promotions drew crowds to China’s largest gold and jewelry distribution hub. One gold salesperson said they brought at least 30 to 40 groups of out-of-town customers to buy gold each day during the holiday. Some bracelet counters sold out and are restocking, with merchants saying inventory prepared before the holiday was exhausted in the first two days.

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AI take

The draw here is a two-way pull: softer prices meeting holiday promotions, at a hub whose wholesale scale gives it a reach that regional retail counters lack. The sold-out bracelet counters and depleted pre-holiday inventory point to genuine demand intensity rather than browsing, and the out-of-province traffic shows buyers treating Shuibei as a sourcing destination, not just a local market. Whether this pace survives the post-holiday normalization, and whether restocking translates into sustained wholesale orders, is the open question.

Generated by AI for reference only.

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