On July 23, local time, gold and silver plummeted, and oil prices skyrocketed. Spot gold fell 1.96% to $4049; spot silver fell 3.60% to $57.5967 per ounce. International precious metals futures generally closed down. COMEX gold futures fell 2.4% to $4052.30 per ounce; COMEX silver futures fell 3.99% to $57.90 per ounce. On the 24th Beijing time, spot gold and spot silver continued to decline. The reporter combed through and found that the price of gold jewelry from domestic brands plummeted again after three consecutive increases. Zhou Shengsheng's gold jewelry report was 1,227 yuan/gram, a sharp drop of 31 yuan in a single day; Laomiao gold and gold jewelry was now reported at 1,231 yuan/gram, a sharp drop of 27 yuan in a single day; and Lao Fengxiang's pure gold jewelry now reported 1,229 yuan/gram, a sharp drop of 24 yuan in a single day.

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