Although gold has value preservation, anti-inflation, and safe-haven functions, from the perspective of appreciation and liquidity, physical gold is not the first choice for investors. At this time, individual gold-related stocks can be an option.

Currently, there are nearly 60 gold-related concept stocks in the A-share market. Looking at upstream gold mines, the main ranking according to resource reserves is Zijin Mining, Shandong Gold, Zhongjin Gold, Hunan Gold, Hengbang Shares, Shengda Resources, Yintai Gold, Chifeng Gold, Sichuan Gold, and Western Gold. The downstream gold jewellery sector includes Chow Tai Fu, Chaohongji, Caibai, Yuyuan, Lao Fengxiang, Lai Shen Tongling, and Ming brand jewellery.

However, it should be noted that the relationship between gold stocks and gold price trends is not linear. International gold prices are likely to affect gold stocks, but the performance of individual stocks still depends on the enterprise's asset structure and business, as well as corporate governance. For example, from the perspective of upstream companies, mineral reserves, amount of resources, and ore grade are key factors affecting the elasticity and core value of gold stocks. From the perspective of downstream companies, stock prices are more affected by the speed of exhibition stores, expansion of offline channels, jewelry design and promotion, etc.