Gold rally dents sales at China’s jewellery retailers
High prices and a new tax regime have deterred buyers and led to hundreds of store closures
High prices and a new tax regime have deterred buyers and led to hundreds of store closures

Rapid post-Christmas surge unwinds, dragging down gold and other precious metals

Wealthy individuals are rethinking trading strategy as Beijing tries to fill its coffers to counter economic pressure

Consumers rush to sell jewellery and dining sets after dizzying price gains

Beijing seeks to bolster revenues to compensate for slowing economic growth

Deflationary pressures ease as AI-related spending rises and Beijing clamps down on overcapacity

Growing amount of unreported transactions presents challenge for bullion market traders