Gold, silver mooncakes enjoying hot sales in Beijing

September 8, 2013 Leave a comment

Gold, silver mooncakes enjoying hot sales in Beijing

Staff Reporter

2013-09-08

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Silver mooncakes are a hot item leading up to the Mid-Autumn Festival this year. (Photo/CNS)

Mooncakes made of gold and silver are selling like crazy in Beijing as gifts for the Mid-Autumn Festival, which falls on Sept. 19, the website of the state-owned China News Service reports. Several banks were selling various types of heavy metal mooncakes as collectible gifts, the report stated. The Agricultural Bank of China launched a silver mooncake weighing 16 grams for 248 yuan (US$40), a 32g set for 480 yuan (US$80) and another for 628 yuan (US$100). A silver mooncake gift package being sold by another bank is priced at 398 yuan (US$65), while a gold gift package is priced at 3,380 yuan (US$550). In addition to metal cakes, crabs made of gold and walnuts made of silver have also appeared on the gift market. Only a limited number of walnut products are available, with a pair of silver walnuts priced at 1,500 yuan (US$250), a banker said.Sold in various weights of gold or silver, many of the products have reportedly already sold out in the run-up to the festival. Due to the strong sales more banks have jumped onto the bandwagon of selling the gifts.

For edible mooncake retailers and bakers the forecast is gloomy this year in the wake of government crackdowns on needless spending by officials.

Mooncakes, a traditional Chinese delicacy made of lotus seed paste, are given to family and friends in China as gifts to celebrate the festival.

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