Core Viewpoint - The recent increase in gold prices by major jewelry brands, including Chow Tai Fook, is attributed to new tax policies affecting gold procurement and production costs, leading to price adjustments starting November 3 [1][5]. Price Adjustments - Major gold retailers have raised prices significantly, with Chow Tai Fook increasing prices by 61 CNY per gram, resulting in a 5.09% daily increase, while China Gold saw the largest hike of 78 CNY per gram, a 6.2% increase [2][3]. - The current price for Chow Tai Fook's gold is now 1259 CNY per gram, aligning with similar increases across other brands [3]. Tax Policy Impact - A new tax policy announced by the Ministry of Finance and the State Administration of Taxation will take effect from November 1, 2025, impacting how gold is taxed for investment and non-investment purposes [5][8]. - The policy specifies that member units purchasing standard gold for investment will face immediate VAT collection, while non-investment purchases will be exempt from VAT [5][8]. Market Reactions - Following the announcement of the tax policy, many brands temporarily removed investment gold bars from sale, indicating uncertainty in the market [6]. - Analysts suggest that the new tax regulations may increase costs for non-investment gold enterprises, potentially leading to higher retail prices for consumers [9].
一夜暴涨61元!刚刚,周大福回应