水贝市场大盘价定了，有料商暂停出货，有厂家恢复正常经营

Core Viewpoint - The article discusses the impact of a new tax policy on the gold jewelry market in Shenzhen's Shui Bei, highlighting a significant increase in procurement costs and subsequent price adjustments across the industry due to the differentiation between investment and non-investment uses of gold [1][4][5]. Group 1: Tax Policy Changes - On November 1, the Ministry of Finance and the State Administration of Taxation announced a new tax policy that reduces the tax input deduction for non-investment gold purchases from 13% to 6%, leading to a 7% increase in costs for gold merchants [1][4]. - The policy's implementation coincided with a weekend, causing initial confusion in pricing, but by November 3, the market had adjusted to reflect the new tax implications [3][4]. Group 2: Market Reactions - Following the announcement, many gold retailers, including Chow Tai Fook and Lao Feng Xiang, raised their prices, with Shui Bei's gold price reported at 976 CNY per gram, approximately 7% higher than the domestic gold price [4][5]. - Retail traffic in gold stores has decreased, as consumers are opting to wait rather than purchase gold at higher prices, indicating a shift in consumer behavior [3][4]. Group 3: Business Strategies - Some merchants are temporarily halting sales to assess the impact of the new tax policy and consumer reactions, while others are shifting towards a "material settlement" model to mitigate tax impacts [8][10]. - The "material settlement" method allows transactions to avoid tax implications, as buyers only pay for processing fees without involving the gold price itself [10][11]. Group 4: Industry Dynamics - The new tax policy has created a disparity in how different segments of the gold industry are affected, with retail facing immediate impacts while production and wholesale sectors are slower to react due to the cyclical nature of gold production [13][14]. - Producers are closely monitoring changes in purchasing behavior among retailers, as rising costs are prompting adjustments in product types and quantities ordered [14].