Gold recycling volume drops significantly, "trade-in" becomes the main business for Shenzhen stores

The sharp fluctuations in gold prices have suppressed the sales of gold jewelry, directly affecting the gold recycling business. During interviews, reporters found that due to the recent extreme volatility in gold prices, many consumers have chosen to wait and see, resulting in a significant decline in the actual transaction volume of gold recycling. While the volume of gold recycling has decreased, "old-for-new exchanges" have become the main business for many stores. On site, reporters observed that with gold prices currently at a high level, many citizens are choosing to exchange their idle old jewelry at home for new styles. In the face of the current sharp fluctuations in gold prices, industry insiders remind that the long-term upward trend in gold prices remains unchanged, but short-term market volatility is high and the risks should not be ignored.