Chow Sang Sang’s 24-karat gold is priced at 1,166 yuan per gram today, after falling for four days in a row. It’s down more than 500 yuan from its peak at the start of the year, so you could save nearly 10,000 yuan on a gold bracelet. The stores aren’t running a promotion—the price of gold itself has taken a nosedive. Spot gold fell 4.9% this week, its worst weekly drop since March. US inflation data came in higher than expected, and markets are starting to bet that the Fed will have to raise rates again. A stronger dollar leaves gold with little fight. Gold shops are getting busy, though: Double 11 discounts are bringing in shoppers who had been waiting on the sidelines. But jewelry prices include workmanship fees and a brand markup, so it’s not exactly a great way to buy the dip and cash out.