Generally speaking, in mainland China to buy gold jewelry, the price of gold is mainly determined by the listed price of gold as well as the manual fee; and Hong Kong and Macao gold prices by the "pure gold price", commission and manual fee of 3 parts, if you want to compare the price of gold in the two places, you need to add up these prices and then compare.
Now people don't go to Hong Kong and Macau to buy gold
Yunxian
China as one of the world's largest gold jewelry manufacturing country and consumer country, once the gold fever, once let Hong Kong become the first choice of mainland residents to buy gold area. This year is not from whence, almost more and more people are not much go to Hong Kong to buy gold.
Accompanied by last week's Mid-Autumn Festival, the 2016 Shenzhen International Jewelry Exhibition, Shenzhen Jewelry Festival was held on September 14-18 at the same time in the Shenzhen Convention and Exhibition Center, with an exhibition area of 60,000 square meters and 3,300 stations. There were about 1,100 exhibitors from home and abroad, attracting more than 40,000 professional buyers from over 28 countries and regions around the world to visit, negotiate and trade.
Real-time gold prices, the same price after the exchange rate conversion
Once upon a time in Hong Kong and Macau to buy gold, than in the mainland at least 10% cheaper. This was mainly due to the cheaper exchange rate and the absence of VAT and customs duties. Nowadays the exchange rate difference between the Hong Kong dollar and the Chinese yuan is getting smaller and smaller. The discount for buying gold is also getting less and less. And according to Announcement No. 25 of 2016 released on the website of the General Administration of Customs on April 11, 2016, the categorization and tax rate of the Table of Categorization of Inbound Articles of the People's Republic of China*** and the Table of Duty-Paid Prices of Inbound Articles of the People's Republic of China*** and the People's Republic of China*** are adjusted accordingly.
And the latest adjustment of the State General Administration of Customs table of duty-paid prices of imported articles shows that: from Hong Kong back to the mainland by land, the value of personal belongings exceeding 2,000 yuan (or more than 5,000 yuan by air), through the Customs and Excise Department to collect customs tariffs, of which the tax rate of gold, silver, jewelry and its products, works of art, collectibles is 10%.
Such a regulation translates into a much higher cost to buy gold in Macau and Hong Kong than in the mainland. The tariff alone exceeds the price of buying it at home.
Hong Kong and Macao high income, corresponding to the gold jewelry processing service fee is higher
Buy gold have a common sense, that is, the mainland price of gold jewelry generally consists of two parts, that is, the listed price and labor costs; Hong Kong and Macao are divided into three, first of all, is the "price of pure gold", and then the commission (generally for the price of pure gold) 2%-3%), and finally the labor fee (generally 0.5%-1% of the price of pure gold), the store will print each cost on the invoice.
Because of the higher wage level in Hong Kong and Macau, the labor cost of gold jewelry in Hong Kong and Macau is relatively higher than that in the mainland. When mainland consumers are buying, they add up all the prices in order to make a conversion comparison. For example, if there is a year of panda gold coins in peak sales, the mainland sales price is 23,500 yuan, while in Hong Kong second-hand market this panda set of coins price as high as 25,000 yuan, higher than the mainland.
Hong Kong, Macao and the mainland's pricing unit is different
In fact, mainland customers frequent patronage of Hong Kong, Macao to buy gold, but there are still a lot of people do not understand Hong Kong, Macao's "two" and the mainland's "two" is not the same thing at all. And Hong Kong's gold jewelry stores are to "two" to mark the price. Many mainland tourists are thus lost in the sea of "two", thinking that they have picked up a great bargain.
The mainland "two" is 50 grams, a catty is equal to ten taels, 1 kilogram is equal to 20 taels.