The gap between jewelry gold and futures gold
The international market price of gold is quoted in dollars. The price of each 1g gold in our domestic futures gold contract is quoted by converting the US dollar of each 1g gold in the international gold market into RMB, that is, the spot listing price of each 1g gold (AU9999 or AU9995) in the international market, domestic futures market and domestic gold and silver jewelry stores is the same price. Therefore, no matter what kind of gold appears in jewelry gold, such as pure gold, thousands of gold bars or any kind of gold, as long as there is enough AU9999 or AU9995, no matter what shape they are made into, every 1g of gold is worth a price. Because each manufacturer adds different ingredients to each gold jewelry, plus the production cost, transportation cost, employee salary and profit of each link, the price of each jewelry store will be different.