Spot gold fell below the $5,200 threshold, with multiple branded gold jewelry prices seeing significant per-gram corrections. Hang Seng Gold ETF (03170.HK) plunged over 6% in the morning session.

NewTimeSpaceWire:On January 30, gold and silver prices plunged again, with spot gold tumbling nearly 5% at one point to breach the $5,200/oz level. Hang Seng Gold ETF (03170.HK) plummeted over 6% in the morning session.

According to HKEX data, Hang Seng Gold ETF (03170.HK) is a physical gold exchange-traded fund launched by Hang Seng Investment Management Limited on the Main Board of the Hong Kong Stock Exchange on January 29, 2026. It marks a significant milestone for Hong Kong's financial market as it transitions toward the Web 3.0 era, and stands as one of the most innovative gold allocation tools in the recent Hong Kong stock market.

The fund adopts a physical asset-backed model, with each fund unit fully supported by physical gold bars stored in designated vaults in Hong Kong. Based on pre-listing reference data, the net asset value per unit is approximately HKD 16, with a board lot size of merely 50 units—translating to an entry threshold as low as HKD 800. This is significantly below the capital required for traditional physical gold bar investments (typically starting from tens of thousands of yuan), offering retail investors exceptional accessibility.

On January 30, domestic gold jewelry price comparisons showed major gold jewelry brands posting substantial per-gram price corrections. Chow Sang Sang quoted RMB 1,662/gram, Chow Tai Fook quoted RMB 1,685/gram, Lao Feng Xiang quoted RMB 1,620/gram, and Lao Miao Gold quoted RMB 1,668/gram.

The World Gold Association's latest report indicates that gold's record-breaking rally in 2025 was not driven by speculation. Strategists emphasize that behind the significant price surge lies a more important shift: not fear of missing out, but a reassessment of gold's role in investment portfolios. Gold's performance in 2025 was not an endpoint, but a validation. Despite international gold prices experiencing volatility on Thursday, with intraday declines exceeding 7% at one point, the World Gold Association expects the current upward trend to remain stable for the remainder of 2026.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.