黄金征税48小时，商家火速下架金条，不想消费者买实体黄金？

Core Viewpoint - The new tax policy on gold purchases aims to regulate the market by encouraging transactions through formal channels, rather than restricting gold buying altogether [3][8][23] Summary by Sections Tax Policy Impact - The announcement of the tax policy on November 1, 2025, led to immediate reactions from banks and merchants, with major banks like ICBC and CCB suspending gold accumulation services [1][9] - The policy specifies that purchasing "standard gold" through the Shanghai Gold Exchange or Shanghai Futures Exchange is exempt from a 13% value-added tax, while purchases through other channels incur the full tax [3][5] Market Reactions - Merchants and banks reacted swiftly to the new policy, with many choosing to suspend sales and remove gold products from shelves due to uncertainties regarding existing inventory and tax implications [9][11] - The price of standard gold bars purchased through banks remained stable initially, but the rush to buy led to rapid sellouts, highlighting market volatility [11][13] Consumer Guidance - The policy primarily affects investment-grade gold bars and ingots, while the prices of gold jewelry, which already include taxes, are not significantly impacted [15][17] - Consumers are advised to wait for market stabilization and clearer policy details before making investment decisions in gold, as current fluctuations may lead to overpaying [17][19] Future Market Outlook - The new tax policy is expected to lead to a restructuring of the gold market, favoring compliant businesses and potentially phasing out non-compliant sellers by the end of 2027 [21][23] - The overall goal of the policy is to create a more regulated and transparent gold market, which will ultimately benefit consumers and investors in the long run [21][25]