Commodities
Chow Tai Fook Sees Boost from Falling Gold Prices
Chow Tai Fook Jewellery Group reported a 15.1% year-over-year increase in retail sales value for the three months ended June 30, 2026.
Mainland China accounted for 83.6% of the group's total retail sales value, with a growth rate of 10.7%, while Hong Kong, Macau, and other markets grew by 44.8%.
The decline in gold prices has temporarily alleviated Chow Tai Fook's sales pressure, but it has also shifted growth momentum back toward gold products priced by weight.