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Gold Prices Soar: Shanghai Crowds Flock to Smart Machines

2/2/2026

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Story summary
  • On January 29, 2026, in Shanghai, crowds gathered at a Smart Gold Store Machine as gold prices reached a record high near US$5,600.
  • Wu, a seller, said she sold a ring inherited from her father for 10,000 yuan, significantly more than its original price.
  • Ms Zhao, another seller, trusted the machine's transparent testing process over traditional buyers.
  • Onlookers were amazed by the high sums exchanged, including a gold bar valued at over 122,000 yuan.