Customers choose gold ornaments at a shop in Shanghai on October 5, 2025, during the National Day holiday. Photo: VCG

　　Multiple Chinese jewelry companies have raised prices drastically for their gold jewelry, domestic media outlets reported on Wednesday, as spot gold prices across global markets surpassed the $5,200 per once benchmark, hitting a record high.

　　Domestic gold prices rose in line with international trends. Prices of gold ornaments at several Chinese gold jewelry brands exceeded 1,600 yuan ($230.06) per gram on Wednesday, industry data showed.

　　For example, Lao Feng Xiang Jewelry raised the price of its gold jewelry from 1,576 yuan per gram on Tuesday to 1,620 yuan per gram on Wednesday, according to data from cngold.org.

　　The 24-karat gold price at Lao Miao Gold reached 1,612 yuan per gram, up from 1,575 per gram from the previous day. Chow Tai Fook"s price rose to 1,618 yuan per gram from 1,578 yuan per gram on Tuesday.

　　The continued rise in global gold prices also sent gold-related stocks at the Chinese stock markets into a strong rally on Wednesday.

　　As of press time, listed non-ferrous metal companies including China National Gold Group Gold Jewelry Co, Sichuan Gold Co and Hunan Gold Corp had risen to their daily limit of 10 percent during morning trading on Wednesday.

　　Global spot gold prices exceeded $5,200 per ounce on Wednesday, marking a year-to-date rise of over 20 percent.

　　The rally has been driven in part by global geopolitical uncertainties, as investors turn to gold as a safe-haven asset. Central banks around the world are also restructuring their reserve portfolios by increasing gold purchases.