According to a report from Jin10 on November 4, there are rumors online that some merchants are rapidly delisting gold bars, with some brand gold bars exceeding 1200 yuan per gram, even more expensive than yellow jewelry. After visiting brands such as Luk Fook Jewelry, Chow Tai Fook, and Lao Feng Xiang in Guangzhou, the reporter found that investment gold bars are still being sold normally, and there has been no suspension of sales. From the merchant visits, it appears that upstream prices for investment gold bars have already risen, making price increases to the end consumer a high probability event in the future. On November 4, the afternoon price of gold in Shanghai was 913.54 yuan per gram. The prices for investment gold bars were 1170 yuan, 1170 yuan, and 1168 yuan per gram for Chow Tai Fook, Lao Feng Xiang, and Luk Fook Jewelry, respectively, and there was no situation where prices exceeded 1200 yuan per gram. However, the reporter also found at Lao Feng Xiang that smaller gold beans were more expensive than gold bars, such as a 1-gram gold bean costing 1202 yuan, which is more expensive than a 5-gram gold bar.
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Rumor clarification: The delisting of gold tax bullion is false news.
According to a report from Jin10 on November 4, there are rumors online that some merchants are rapidly delisting gold bars, with some brand gold bars exceeding 1200 yuan per gram, even more expensive than yellow jewelry. After visiting brands such as Luk Fook Jewelry, Chow Tai Fook, and Lao Feng Xiang in Guangzhou, the reporter found that investment gold bars are still being sold normally, and there has been no suspension of sales. From the merchant visits, it appears that upstream prices for investment gold bars have already risen, making price increases to the end consumer a high probability event in the future. On November 4, the afternoon price of gold in Shanghai was 913.54 yuan per gram. The prices for investment gold bars were 1170 yuan, 1170 yuan, and 1168 yuan per gram for Chow Tai Fook, Lao Feng Xiang, and Luk Fook Jewelry, respectively, and there was no situation where prices exceeded 1200 yuan per gram. However, the reporter also found at Lao Feng Xiang that smaller gold beans were more expensive than gold bars, such as a 1-gram gold bean costing 1202 yuan, which is more expensive than a 5-gram gold bar.