The price of gold has fallen a lot recently, and when I asked at the gold store, the price of recycling was very low. The price of gold continues to fall, many investors holding gold began to be anxious to take profits to close, hoping to quickly realize the gold in their hands through repurchase. And the banks also saw the business opportunities, began to develop the gold buyback market. So where is it cost effective to sell gold jewelry?
Banks tap into the gold repo market
The large gold market has allowed banks to see the business opportunities as well. The company’s main goal is to provide a platform for the public to learn more about the company’s products and services. The company’s main goal is to provide a platform for the development of a new generation of products and services. Monday according to the international gold price, Tuesday to Friday according to the Shanghai Gold Exchange to set the repurchase price, the commission in 3 ~ 4 yuan / grams. According to the report, the scope of gold repurchase will be further expanded in the future, in addition to ICBC branded and resell gold products, other commercial banks, corporate issued investment class gold products and gold jewelry can be repurchased. Investment alert street side stores, online transactions need to prevent trapsIn addition to banks, pawnshops and gold stores, some street stores as well as online stores also put up signs of recycling gold at high prices. The company’s main goal is to provide a comprehensive range of products and services to the public. Moreover, these small stores will not show any receipts, and once a dispute arises it is very difficult for investors to defend their rights. On the online store, gold trading is even more unreliable. The other party first give me money, send the gold to the other party, the other party is not assured; first give the other party gold, not assured. And give the price is too high, there may be fishy; give too low, and not willing to.
The reporter visited a number of banks in the provincial capital and found that, for the time being, each of them only buy back the gold bars sold by the Bank. It is understood that most of the commercial banks self-owned branded gold bar business has opened buyback business, but mainly investment gold bars. After investors buy these banks’ branded gold bars, they can sell them to the banks as long as the gold bar products meet the relevant repurchase conditions. Of course, different banks have different conditions and prices for gold bar repurchases, and their prices are mainly linked to the international and Shanghai gold exchanges, which change daily. Convenient but low price for pawn repurchaseA number of pawnshops in the provincial capital have gold pawning business, but the prices given are low. The company’s main business is to provide a wide range of products and services to the market. The staff of a pawnshop on Ping An Street in the provincial capital said, for example, the price of gold pawn realisation is 320 yuan per gram, and pawn financing 300 yuan per gram, down 20 yuan per gram than before the adjustment, which is much different from the price of retail gold bars in gold stores. For the varieties of repurchased gold, pawnbrokers do not have too many restrictions, whether it is gold bars, gold bricks or gold necklaces and other jewelry, all of them are accepted, the procedures are also simple, basically you can wait for it immediately. At the same time, the gold repurchase in pawnbrokers generally only requires a simple test, and does not need to be melted. It is important for investors to note that the price of pawned gold varies from pawn shop to pawn shop, and the way interest is charged is also different.
Gold store buybacks need to be booked in advanceThere are no restrictions on the style of gold jewelry that can be traded in, but investors must bring all of their purchase receipts. In addition, a certain amount of depreciation fee is charged for the trade-in. The current provincial capital gold jewelry trade-in depreciation fee as low as 16 yuan per gram, most gold stores at 19 yuan / gram charged for a new thousand yuan gold handicraft fee. A gold store staff opened a gold buyback business, said the buyback gold prices and international gold prices are basically synchronized, but investors need to make an appointment to buy back a day in advance, but the appointment can not reserve the price, because the gold price is changing at any time. When investors arrive at the store the next day, they can hand in their goods to the buyback gold inspection office, and the salesman will inspect the goods to confirm that they are intact. In addition, the gram weight, invoice or sales voucher and proof of purchase, and certificate all match so that they are eligible for liquidation. Luxury,