Today is March 3, 2026 (the Lantern Festival on the 15th day of the lunar new year), and the gold market is currently experiencing a very exciting and intense "roller coaster" trend. In simple terms, today's key words are "rise sharply then fall back, high-level oscillation."

International gold prices hit a record high in the early trading session before quickly plunging, while domestic gold prices have been relatively resilient, showing a pattern of "weak externally but strong internally."

To give you a more intuitive understanding of the current market, I have compiled the latest price data:

📊 Quick Overview of Gold Prices Today (March 3, 2026)
Item Latest Price Reference Change Status
International Spot Gold About $5340-5350 per ounce 📉 Rise sharply then fall back (hit a historical high of 5419 in the early session)
Domestic Gold(T+D) About 1181 RMB/gram 📈 Slight increase / strong oscillation
Brand Gold Jewelry(Pure Gold) 1620 - 1630 RMB/gram 🏷️ Price remains firm (Chow Tai Fook, Lao Feng Xiang, etc.)
Bank Investment Gold Bars About 1204 RMB/gram 💰 Higher than raw material cost

💡 Why is gold price so volatile today?

Today’s sharp fluctuations are mainly driven by the following core factors:

1. The "roller coaster" of geopolitical risk sentiment
* Background: The situation in the Middle East continues to escalate, with US and Israel strikes on Iran and Iran announcing the closure of the Strait of Hormuz, triggering risk aversion worldwide as funds flow into gold for safe haven.
* Change: As a result, gold prices surged to a new high of $5419 per ounce in the early session. But then profit-taking emerged, causing prices to fall rapidly.

2. The "external weak, internal strong" divergence
* Currently, the international market (denominated in USD) has experienced a significant correction, but domestic gold T+D and futures markets remain very resilient.
* Reason: Strong physical gold buying support domestically, combined with factors like RMB exchange rate, has limited the decline of domestic gold prices, and in some periods, even caused slight increases.

3. Silver's "collapse" contrast
* Today, silver prices plummeted (down more than 4%-6%), forming a stark contrast with gold.
* Analysis: Gold is purely a safe-haven asset, while silver has strong industrial attributes. During heightened market panic, funds tend to prioritize gold for safety, while selling off more industrial silver, leading to this extreme divergence.

🔮 What’s the outlook now?

Short-term outlook (1-3 days):
* Trend judgment: High-level oscillation and consolidation is highly probable.
* Key levels:
* International gold: Watch support at 5260-5300 USD, resistance at 5350-5400 USD.
* Domestic gold: Support around 1170-1175 RMB/gram.
* Trading advice: The volatility is currently very high, so avoid blindly chasing highs. For short-term trading, it’s recommended to enter lightly during pullbacks; for medium to long-term holding, the current correction may be an opportunity to accumulate gradually.

Physical consumption suggestions:
* If you are buying jewelry for necessity (such as for weddings), note that gold prices are at absolute historical highs (above 1620 RMB/gram), and craft gold premiums are high. It’s advisable to buy as needed rather than stockpile.
* If you are looking to buy investment gold bars, current bank gold bar prices have broken through 1200 RMB/gram, with lower premiums, making it a good choice for physical investment.

Risk reminder: Tonight (US market hours), pay attention to speeches by Federal Reserve officials and changes in non-farm payroll expectations, as these could trigger further intense market fluctuations. Invest cautiously and control your positions!