Authorized gold dealers fret as anjins make hay

SHANGHAI: With gold prices surging to a new high of $1,000 an ounce, speculation has also become rampant in the black market.

Hundreds of underground gold dealers, or "anjins" as they are called, are luring investors who are keen on punting in the yellow metal, but stumped by the high entry barriers set by the gold bourses.

Not surprisingly, these anjins promise high returns and low costs to anyone willing to invest a sizeable amount for trading.