Gold prices hit new highs in China

As international gold prices continue to climb, gold prices in China have reached record highs. On Wednesday, several major gold brands reported prices for pure gold jewelry exceeding 1,000 yuan ($138.63) per gram, marking an all-time high. Driven by the surge in global markets, the spot gold price on the Shanghai Gold Exchange rose to above 775 yuan per gram, while the main gold futures contract on the Shanghai Futures Exchange climbed to 777.36 yuan per gram.

More cities report rising home prices

Commercial home prices in March rose in more Chinese cities from a month ago as transactions became more vibrant in the real estate market, data from the National Bureau of Statistics showed on Wednesday. An NBS survey covering 70 major cities said the prices of new houses were higher in 24 cities last month, up from 18 in February, while resold homes in 10 cities logged price increases, up by 7.

Xinhua - China Daily