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 [2][4]. 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 raised prices by 78 CNY per gram, marking a 6.2% increase [4][5]. - The new prices for various brands are as follows: Chow Tai Fook and others at 1259 CNY per gram, while China Gold is at 1268 CNY per gram [5]. Tax Policy Impact - The new tax policy, effective from November 1, 2023, specifies that standard gold purchased for investment will incur immediate VAT, while non-investment purchases will be exempt from VAT [8][9]. - The policy aims to regulate the tax implications for both investment and non-investment gold purchases, potentially increasing costs for non-investment gold businesses due to reduced input tax deductions [13][14]. Market Reactions - Following the announcement of the new tax policy, many brands temporarily removed investment gold bars from sale, indicating uncertainty in the market [11]. - Analysts suggest that the policy may lead to higher retail prices for gold jewelry, as businesses adjust to increased costs from the new tax structure [14].
一夜暴涨61元!刚刚,周大福回应