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What is the price of gold recycling in China now?
By July 2020 1, the gold recovery price will be 397.5 yuan/gram.

Calculation method of gold recovery price;

Gold recovery price: the calculation method of general merchants: gold jewelry recovery price = gram weight * purity * (international gold price-depreciation fee)-handling fee, while the depreciation fee of general brand merchants or gold recovery shops is as high as 30 yuan per gram.

Recovery price of investment gold bars: based on the basic gold price of the day-handling fee.

Calculation method: gold jewelry recovery price = gram weight * (purity * real-time gold price-depreciation expense), referring to the real-time gold price of Shanghai Stock Exchange, according to the difference of fineness or purity, a certain depreciation expense is deducted from the real-time basic gold price.

Extended data:

Matters needing attention in gold recovery:

Generally speaking, it is very common to steal gold from consumers under the guise of recycling gold, so consumers should pay attention to the distinction. Bian Xiao reminded everyone that when the price of gold rose above the average market price, we should be careful to watch out for fouls.

Recover gold at a high price, but consider the weight and content of jewelry. For example, some weighing tools used by businessmen did not follow the metrological appraisal; Some merchants use their own instruments to measure the gold content in violation of the provisions of the metrology law, which is very inaccurate.

Steal gold through fire inspection. People usually check the recovery of gold, and a popular practice is to use fire. But some jewelers add special materials to the burning fuel, so that when the flame burns gold, some gold powder can be obtained. When they get the powder, they will refuse it under various excuses, such as deliberately lowering the price or refusing it because there are too many welds.

Stealing gold while washing sweat and dirt. Usually, these gold recyclers will attract sellers to bring gold at a price higher than the market price, then forgive the sellers for their sweat stains or black spots, and then clean the gold. "Two or three grams is no problem."

Baidu encyclopedia-gold recovery