“Many shops selling gold in Beijing are catering to a steady stream of customers interested in buying the precious metal after gold prices started decreasing.  International gold prices have fallen by 28% to less than US$1,200 on Dec 31, 2013, the largest drop since 1981.  Many Chinese gold buyers have been happy to see the price drop as this is traditionally peak season for gold purchases before the Lunar New Year holiday and the recent slump will allow them to buy gold at relatively low prices.  The Chinese-language Beijing News reported that gold sales had surpassed 10 million yuan (US$1.7 million) an hour after Caibai Jewelers in Beijing opened on Jan 1, setting a new record.”

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140103000056&cid=1102

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