Beijing Gold Market: Investment Bars Back to 800 Yuan per Gram as Prices Retreat

The pullback in COMEX gold feeding straight through to Chinese retail pricing shows how tightly Beijing's physical market tracks the international benchmark, even at the counter level. That investment bars slipped back into the 800-yuan range while jewelry held near 1,000 yuan suggests the two segments respond differently to a price retreat, with the premium in fabricated gold persisting. The notable signal is brisk offline trading into weakness rather than a buyer strike, which points to dip-driven physical demand. Whether that resilience holds if the retreat extends is the open question.