2 1 Shi Ji Jing Ji Bao Dao·2026-02-10 10:33Core Viewpoint - The recent volatility in gold prices has led to significant adjustments in the gold repurchase policies of various companies, including China Gold and Beijing Caishikou Department Store, to manage risks and improve operational efficiency [3][4]. Group 1: Company Adjustments - China Gold will suspend its gold repurchase business on weekends and public holidays starting February 7, 2026, due to increased price volatility and uncertainty in the precious metals market [3][4]. - Beijing Caishikou Department Store has also updated its repurchase rules, halting operations on non-trading days and reducing the daily gold repurchase limit from 200 kilograms to 100 kilograms [3][4]. - The adjustments include limits on repurchase amounts for individual customers, requiring prior appointments, and these limits will be dynamically adjusted based on market conditions [3][4]. Group 2: Market Conditions - The gold market has experienced significant price fluctuations, with daily price changes exceeding 10% to 30%, which has surpassed market expectations [4]. - The suspension of repurchase activities on non-trading days is intended to align with market pricing mechanisms and avoid disputes over pricing due to the lack of fair market quotes [4]. - The overall industry is facing increased pressure from risk management and operational costs, with expectations that more gold retailers will follow suit in tightening their repurchase policies [4]. Group 3: Banking Sector Response - Several banks have begun to limit services for "three no" clients (no holdings, no inventory, no debts) in response to the heightened market risks associated with gold trading [5][6]. - Banks such as Industrial Bank and others have announced the closure of personal gold trading channels and the transfer of margin account balances for inactive clients [6][7]. - The banking sector's adjustments reflect a growing trend of risk management, transitioning from initial risk warnings to the orderly exit of existing clients [8].