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Will the rise in gold prices affect the UV germicidal lamp’s market?
writer: Released:2025-02-12 09:01:19 Click:

The impact analysis of rising gold prices on the UV germicidal lamp’s  market is as follows:

Direct Impact: From a direct economic perspective, there is no significant causal relationship between the rise in gold prices and the UV germicidal lamp’s  market. Gold prices primarily affect industries such as precious metal investments and jewelry manufacturing, whereas the UV germicidal lamp’s  market relies more on demand from public health, food processing, water treatment, and other related fields.

Indirect Impact: Although the rise in gold prices does not directly affect the market demand for UV germicidal lamps, it may have an indirect impact through the macroeconomic environment. For example, rising gold prices may trigger inflation expectations, thereby affecting consumers' purchasing power and corporate production costs. However, such impacts are usually complex and variable, making them difficult to predict accurately.

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As for the current gold price situation, based on publicly available information:

Chinese Gold Prices: On February 11, 2025, the base gold price in China was 685.6 RMB/gram, and the domestic benchmark gold price was 684.5 RMB/gram. Retail prices vary among different brands, such as Chow Tai Fook, Luk Fook, and Chow Sang Sang, which generally have higher gold prices, while China Gold offers relatively lower prices. Specific prices may vary depending on the store, region, and other factors.

International Gold Prices: On February 11, 2025, the international benchmark gold price reached 2918.4 USD/ounce and briefly surpassed 2930 USD/ounce, with spot gold hitting a historic high of 2938.41 USD/ounce. Converted to RMB, the international gold price was approximately 689 RMB/gram (subject to variation based on the exchange rate of the day).

In summary, the direct impact of rising gold prices on the UV germicidal lamp’s market is limited, but there may be indirect effects through the macroeconomic environment. Current gold price trends indicate that both Chinese and international markets are experiencing high gold price levels.