Recently, the price of gold has been rising, and there has been a gold buyback boom in many places, and more and more people have cashed out their "inventory" at home. What should I pay attention to in the process of buyback?
Gold prices rose with fire gold buybacks
As the price of gold continues to rise, gold buybacks have increased significantly. Many gold shops have launched gold buyback business, and some consumers are considering cashing in their gold.
A citizen of Jinan told that she sold nearly 80 grams of gold, which cost less than 30,000 yuan when she bought it, and now sells it for more than 40,000 yuan. The manager of a gold store in Jinan said that their gold buyback business is now up 40% compared to the same period of the previous year.
It is understood that at present, the offline entities that provide gold repurchase business include not only banks and gold stores, but also some pawn shops and other merchants.
Wang Lixin, chief executive of the World Gold Council in China, said that the boom in buybacks is not only in China. "As a financial asset, gold itself has the function of two-way flow. It returns more than 13% per year, so buyback growth is normal. ”
How is the gold buyback price determined?
Gold bars account for the vast majority of gold buybacks. What is the price of gold bullion buyback?Can gold jewelry, which is more common to consumers, be repurchased?
Mr. Zhang, who has been engaged in gold buyback for more than 20 years, said that when buying gold, the price difference is mainly reflected in the process, while the buyback is the same. As long as the gold bar is purchased in a regular gold store, the repurchase gold price is the same, and the gold price of the day should be referred to. (Real-time gold price of the day - handling fee = gold bar recycling price)
Regarding the price of handling fees, Li Yang, senior gold analyst, said:
- Offline brand gold stores, including financial institutions, have a handling fee of 2 yuan to 5 yuan per gram;
- The online channel handling fee will be more expensive because it includes the insured price of the product, which is basically 5 yuan to 10 yuan per gram.
As one of the main channels for gold bar sales, the gold buyback policies of various banks are slightly different.
A gold repurchase division of a branch of the Industrial and Commercial Bank of China said that the gold repurchase policy of the Industrial and Commercial Bank of China is based on the AU99.99 gold quotation of the Shanghai Gold Exchange, and the handling fee of 4 yuan per gram is the repurchase price that the customer receives in real time.
The gold that can be repurchased by the Agricultural Bank of China is a self-operated product of the Bank, and the repurchase price will be adjusted according to the quotation of the gold exchange on the day, which shall be subject to the listing price on the date of processing.
In addition, for consumers, in addition to gold bars, many people have gold jewelry in their hands that they have bought before. It is understood that the buyback price of gold jewelry is the same as the buyback price of gold bars.
Gold buyback Choose a regular merchant
What are the precautions in the process of buyback?
A staff member of a branch of the Agricultural Bank of China said that when repurchasing, the product packaging is required to be in good condition, and the repurchase certificate, transaction voucher and other materials at the time of purchase are complete. At the time of buyback, the bank will check the proof of purchase, the outer packaging of the gold, and the appearance of the entire product.
Customers who have repurchase needs are reminded to bring their ID cards, ABC cards, gold products, product certificates and purchase vouchers when handling repurchases to ensure smooth repurchase.
The conditions for China Merchants Bank to buy back gold are more detailed:
- If the purchase voucher and certificate are complete, a handling fee of 4 yuan will be deducted for each gram;
- If the purchase voucher and certificate are incomplete, a handling fee of 7 yuan will be deducted for each gram, which includes the testing fee.
Of course, no matter which recycling method is adopted, you must first find a regular recycling business. Li Yang, a senior gold analyst, reminded consumers that where they buy, they should buy back.
Experts suggest that there are many merchants in the gold repurchase market, which is easy to dazzle, and for ordinary people, they should keep their eyes open, be wary of false propaganda that deviates from normal prices, and protect their rights and interests.
Source: CCTV News