International Gold Prices Plummet, Shanghai Gold Breaks Below 1,000 Yuan Mark Shanghai Gold Exchange Issues Risk Warning

WealthCoffee · 2026-03-25T12:38:37+00:00

Recently, due to the escalation of the Middle East situation, investors habitually bought gold, but continuous declines have caused many people to suffer losses. On March 23, Shanghai gold main contract and London gold prices fell sharply, declining 9% and over 6% respectively, putting investors under significant pressure.

WealthCoffee

2026-03-25 12:38:37

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【Caixin.com】“Twenty years of market training have already created a muscle memory among global retail investors to ‘buy gold on every market dip.’” A gold investor joked that since the escalation of the Middle East situation, he has been continuously buying gold, but has already endured nearly a 20% decline, “almost losing a month’s salary.”

On March 23, data from iFind showed that Shanghai Gold Main Contract (Au9999) continued to be under pressure after opening in the afternoon, closing at 940 yuan/gram at 3 p.m., a daily drop of 9%, erasing all gains since 2026.

Regarding international gold prices, spot gold and London gold have both declined for nine consecutive trading days. On March 23, the lowest price reached $4,098 per ounce, a drop of over 6% intraday. As of the time of writing, London gold has rebounded to around $4,200 per ounce.

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