Core Viewpoint - Recent announcements from major banks indicate a strategic shift in response to new tax policies affecting gold transactions, leading to a suspension of certain gold-related services [1][3][4] Group 1: Bank Announcements - Industrial and Commercial Bank of China (ICBC) announced the suspension of its "Ruyi Gold Accumulation" business starting November 3, 2025, due to macroeconomic policy impacts and risk management requirements [1] - China Construction Bank (CCB) also suspended its "Easy Gold" business, including real-time purchases and physical gold exchanges, effective November 3, 2025, while existing customer plans remain unaffected [3] Group 2: Tax Policy Changes - The Ministry of Finance and the State Administration of Taxation released new tax policies on gold, effective from November 1, 2025, which will last until December 31, 2027. These policies exempt certain transactions from value-added tax (VAT) [3] - The new regulations differentiate between investment and non-investment uses of gold, impacting the VAT deductions available to businesses producing non-investment gold products [3][4] Group 3: Market Reactions - Following the announcements, stocks of gold retailers such as Lao Pu Gold and Luk Fook Holdings fell nearly 7% during the Hong Kong trading session [4] - Despite recent price corrections, the spot gold price has increased over 50% year-to-date, supported by ongoing demand from central banks and investors seeking safe-haven assets [4]

Group 1 - The international gold price has been fluctuating at high levels, prompting banks to adjust their strategies to manage potential market risks [1][4] - Industrial and commercial bank announced the suspension of its "Ruyi Gold Accumulation" business starting November 3, 2025, due to macroeconomic policy impacts and risk management requirements [1] - Construction bank also suspended its "Easy Gold" business from November 3, affecting real-time purchases and physical gold exchanges, while existing plans remain unaffected [3] Group 2 - The Ministry of Finance and the State Administration of Taxation released new tax policies regarding gold, effective from November 1, 2025, until December 31, 2027, which include VAT exemptions for certain transactions [3][4] - The new tax policy will impact gold retailers, as they will only be able to deduct 6% VAT on non-investment gold, down from the previous 13%, affecting various jewelry brands differently [4] - Despite recent price corrections, the spot gold price has increased by over 50% this year, supported by ongoing central bank demand and investor interest in safe-haven assets [4]

Core Viewpoint - The illegal gold mining activities in the Yanzi River of Kang County, Gansu Province, have resurfaced despite government prohibitions, driven by rising gold prices and the historical presence of gold deposits in the area [6][12]. Group 1: Illegal Gold Mining Activities - A video surfaced showing individuals mining for gold in the river at 4°C, with reports of some extracting over 5 grams in a single attempt [1]. - Local merchants indicated that this phenomenon had begun earlier in the year, and although it was officially halted, it has returned due to recent riverbed excavations [6]. - The Kang County government has explicitly prohibited individual gold mining activities, yet reports suggest that such activities have continued, particularly at night when construction is paused [6][9]. Group 2: Government Response - In July, the Kang County Natural Resources Bureau issued a notice banning illegal gold mining in the county's rivers and provided a reporting hotline, which was reportedly unreachable when contacted [9]. - The local government has previously published articles emphasizing the ecological and safety risks posed by illegal mining, and has initiated actions to curb these activities [11]. - Law enforcement has been actively responding to reports of illegal mining, with patrols dispatched to discourage miners and enforce regulations [11]. Group 3: Market Context - The price of gold has surged over 53% this year, reaching a peak of $4,381.21 per ounce on October 20, before experiencing a significant drop of over 8% [12].

Core Viewpoint - The recent decline in gold prices raises questions about whether it is a good time to buy, with various factors influencing the market dynamics [1][5][10]. Price Overview - The price of pure gold is relatively consistent across major brands, with slight variations: Chow Tai Fook, Xie Ruilin, King of Gold, and others around 1198 CNY per gram, while China Gold and Chow Sang Sang are lower at 1118 CNY and 1135 CNY respectively [2][3]. - Platinum prices show more volatility, ranging from 445 CNY to 650 CNY per gram depending on the brand [2]. - Gold bar prices vary significantly, with major brands priced between 1058 CNY and 1150 CNY per gram, while some brands like China Gold and Caibai Jewelry are at 1022 CNY [2][3]. Market Influences - The recent drop in gold prices is attributed to a stronger US dollar and fluctuations in the RMB/USD exchange rate, which directly impact domestic gold prices [5][6]. - Changes in domestic investment demand, particularly during festive seasons or wedding periods, can lead to price rebounds [5]. Buying Considerations - For investment or collection purposes, gold bars may be more cost-effective due to lower prices and easier storage and resale options [7]. - For jewelry purchases, branded stores offer a wider variety and better craftsmanship, making them suitable for gifts or personal use [7]. - Key factors for purchasing include comparing prices across brands, timing purchases during price dips, ensuring gold purity, and choosing reputable channels for buying [9]. Investment Strategy - The decision to buy gold should align with individual investment goals; long-term investors may benefit from gradual purchases, while short-term speculators should be cautious of price volatility [10]. - The current gold and gold bar prices as of November 1, 2025, serve as a reference point for potential buyers, emphasizing the importance of brand, purpose, purchasing channel, and market trends in decision-making [10].

Core Insights - The gold prices in China have shown significant discrepancies among different brands, with prices ranging from 920.8 yuan per gram for investment gold bars at Cai Bai to 1198 yuan per gram at high-end brands like Chow Tai Fook [1][3][5]. Price Discrepancies - On November 1, 2025, the price of gold at Chow Tai Fook was 1198 yuan per gram, while Lao Miao Gold was at 1193 yuan, and China Gold was at 1118 yuan, indicating a price difference of up to 80 yuan per gram among brands [1][5]. - Investment gold bars at Cai Bai were priced at 920.8 yuan per gram, closely matching the Shanghai gold spot price of 920.7 yuan per gram, while other brands like Chow Tai Fook and Chow Sang Sang priced their investment gold at 1058 yuan per gram [3][5]. Market Dynamics - The price variations are attributed to recent fluctuations in international gold prices, which peaked at 4381.21 USD per ounce on October 20, 2025, before dropping below 4000 USD by October 28 [5][11]. - High-end brands maintain higher price points to preserve brand value, while mid-range brands are reducing price gaps to attract price-sensitive consumers [7][13]. Consumer Behavior - Young consumers prioritize style and brand over price differences, while middle-aged consumers are more price-conscious, often comparing prices across multiple stores [13][15]. - The gold recovery market is also active, with buyback prices ranging from 900 to 910 yuan per gram, indicating a profit margin for those who purchased gold earlier in the year [8][10]. Sales Trends - Despite high gold prices, sales have increased by 15% compared to the previous year, as consumers are concerned about potential future price increases [10][15]. - The market is witnessing a clear segmentation, with high-end customers opting for premium brands and middle-income consumers gravitating towards more affordable options [13][15].

申请入驻南财号，请点击此处>> 点击阅读本周南财号热文>> （原标题：黄金为何突然暴跌？丨南财号每周热文） ...

（文章来源：每日经济新闻） 每经AI快讯，10月31日，现货黄金刚刚跌破4020.00美元/盎司关口，最新报4019.95美元/盎司，日内跌 0.11%；COMEX黄金期货主力最新报4033.20美元/盎司，日内涨0.43%。 ...

Core Viewpoint - Recent fluctuations in gold prices have been significant, with prices experiencing both sharp declines and rebounds, reflecting a volatile market sentiment [1] Price Movements - International gold prices surged over $4,000 per ounce before quickly retreating, with a notable increase of nearly $600 per ounce in the first two weeks of October, reaching a peak of $4,381 per ounce [1] - As of October 30, gold prices were fluctuating around $3,950 per ounce, indicating a substantial drop from the earlier highs [1] Market Sentiment - The recent volatility in gold prices has led to discussions among Asian central bank officials about the potential need to sell gold [1] - The market's reaction includes profit-taking behavior following the rapid price increase, which is seen as a normal market phenomenon [1] Economic Influences - The decline in gold prices is attributed to a reduction in market risk aversion, influenced by improved U.S.-China trade relations and a more hawkish stance from the Federal Reserve regarding future interest rate cuts [1] - Federal Reserve Chairman Jerome Powell's recent statements have indicated that further interest rate cuts are not guaranteed, which has cooled market expectations and contributed to the fluctuations in gold prices [1]

Gold prices were largely on the back foot at the beginning of the week, with the yellow metal falling from its unprecedented record highs. Though prices have risen 1% on Wednesday, analysts believe t... ...

封面新闻记者 杨芮雯 黄金价格大涨大跌，几家欢喜几家愁。 2025年黄金市场堪称"疯狂"，金价从年初的600余元一路飙升，国庆假期前突破980元，假期内更是一举站上1000元关口，年度涨幅超50%且数十次刷新历 史纪录。市场如豪赌般呈现两极分化，社交平台上投资者"血泪帖"刷屏，有人借金价暴涨一夜暴富，也有人因追高或误判行情赔得倾家荡产。 这场"黄金热"的影响，正顺着婚俗链条传导至备婚群体。 作为传统婚俗中必备的"五金"，其成本随金价水涨船高，让新人陷入两难。有备婚青年为等金价回落已将婚期推迟两年，"从500多等到1000元，越等越 慌，双方家庭在买金预算上始终谈不拢"；而有的新人则选择接受长辈的旧黄金避开当前高位运行的金价压力 ；还有部分新人转向替代方案，购置与足金 外表酷似的沙金"走个过场"，省下不少开支，"把钱花在刀刃上"。 随后金价持续上涨，突破每克600元时，糖糖主动让步，提出6万元预算即使买不到100克，九十来克也可以，多次催促男友下单，却仍被对方以"可能还会 降"为由劝阻。 今年的金价涨势图 金价"狂飙"涨近翻倍 南宁情侣观望两年婚事未成 "黄金单克价从500多一直等到900多，现在因为五金的问题 ...