Gold fever among international visitors in Shanghai

english.shanghai.gov.cn

During the recent Chinese New Year holiday, gold jewelry counters across Shanghai experienced robust customer traffic. Amid persistently elevated global prices, gold has emerged as a favored purchase among international visitors.

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Gold decorative pieces are on display at a Lao Feng Xiang store in Shanghai. [Photo/Shanghai Observer]

At the flagship store of Lao Feng Xiang on Nanjing Road, the store manager noted a marked increase in international customers compared with previous years. On many days, dozens stop by to browse or make purchases. Similar patterns have emerged in the Yuyuan Garden shopping area and in major shopping centers across the city.

Elevated gold prices have prompted more consumers to view gold as a means of preserving value, including some who previously showed little interest in gold jewelry. At the same time, China's expanding visa-free policies have brought a wider range of travelers to Shanghai. For many visitors, purchasing gold serves both as a personal acquisition and as a practical gift.

Smaller pieces with clear cultural elements are especially popular. Rather than heavy investment-style items, many shoppers choose designs featuring traditional symbols such as zodiac animals, gourds symbolizing good fortune, and fish motifs linked to prosperity. Their compact size makes them convenient to carry, while their cultural symbolism renders them immediately recognizable as gifts from China.

One Belgian visitor bought a gold horse pendant after learning about the Chinese zodiac. The pendant was intended as a gift for friends expecting a baby. Retailers say such purchases are increasingly common, suggesting that buyers are drawn not only to gold's material value, but also to the meaning attached to each design.

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A shopper views gold exhibits at Laopu Gold in Shanghai's Plaza 66 shopping center. [Photo/Shanghai Observer]

Brands have also foregrounded craftsmanship to deepen engagement with visitors. Holiday exhibitions and in-store displays have paired traditional decorative arts with contemporary jewelry design, underscoring gold's role beyond simple ornament or investment.

At its Yuyuan Garden flagship store, Lao Feng Xiang recently introduced a glass-enclosed workshop where artisans demonstrate traditional gold and silver techniques. Customers can watch engraving, shaping, and finishing processes in real time, gaining a clearer understanding of how each piece is made.

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An artisan works inside a glass-enclosed workshop at the Lao Feng Xiang flagship store in Yuyuan Garden. [Photo/Shanghai Observer]

Artisans involved in the program say preservation and innovation move forward together. While maintaining inherited techniques, they refine tools and incorporate elements from sculpture and other art forms. The result is jewelry that combines traditional methods with contemporary design.

Chinese gold jewelry is drawing interest from a broader international audience. For many visitors, purchasing gold in Shanghai is not only a retail decision but also part of the travel experience itself.

 

Source: Shanghai Observer