Sou Hu Cai Jing·2025-11-07 06:43Group 1 - The new tax policy on gold, effective from November 1, 2025, has caused significant changes in the gold market, affecting both banking operations and gold jewelry prices [1] - Banks have adjusted their gold accumulation services, with some halting the withdrawal of physical gold bars, while account-based services remain largely unaffected [3] - Despite the temporary suspension of certain services, demand for physical gold bars remains high, leading to rapid sales on banking apps [3] Group 2 - Individuals selling used gold jewelry are generally exempt from value-added tax, but frequent and large-scale sales may be classified as business activities, incurring a 3% tax [4] - Retail prices for gold jewelry are expected to rise due to the new regulations, with brands like Chow Tai Fook and Lao Feng Xiang already increasing prices [4] - The new tax policy will reduce input tax deductions for non-investment gold jewelry companies, potentially increasing their costs [5] Group 3 - Consumers are advised to purchase gold bars from Shanghai Gold Exchange member units to avoid the impacts of the new policy, as these transactions are less affected and offer more transparent pricing [7] - For gold jewelry purchases, consumers should compare price increases across brands to avoid overpaying due to policy-induced price hikes [7] - Individuals should be cautious when selling large amounts of used gold jewelry to assess potential tax risks [7]