Where is the cheapest city in China? The cheapest city for gold in China is Shenzhen. Because the gold ornaments in jewelry stores all over the country are basically wholesaled from Shenzhen, the goods in the wholesale place do not go through middlemen, and there will not be much price difference, so the price is much cheaper, so the cheapest city in the country is Shenzhen. Gold in Shenzhen is traded at the international gold price. If you need to buy a lot of gold, you'd better buy it in Shenzhen. One gram can save tens of dollars. Gold is the elemental form of gold (Au), which is a soft, golden yellow and corrosion-resistant precious metal. Gold is a rarer, more precious and more valuable metal. Generally speaking, the gold in the world is in ounces. In ancient China, gold was measured in ounces, which was a very important metal.