There are three reasons for this phenomenon. The first is the change speed of gold price. The gold price of banks fluctuates at any time. According to the latest international data and the strict supervision of the state, the price gap will not be too big. Gold shops purchase goods in batches at a certain point, and the pricing is determined by the market and shops, so there will be a gap in prices. The second is different purposes. The gold bars in the bank are more used for investment. Just like money, they buy low and sell high to earn the difference profit. However, the gold bars in the store are sold as products, and their properties are fundamentally different. One is for investors and the other is for consumers. The most important reason is the technology and cost of gold bars. Generally, the gold bars in banks will remain unchanged for 10,000 years. They are all in the shape of a long square ladder with the words 999.9 or a golden logo printed on them. However, in order to attract customers, gold shops must be full of tricks. Generally, according to the year, they will print the design of the zodiac, or some kind of greeting, congratulations on making a fortune and smooth sailing.
Craft certainly costs money, and the rent of gold shops is not low. The rent in Mong Kok is HK$ 2 million a month, which is really an amazing figure, so it is reasonable that the price of gold bars is more expensive than that of banks.
What should I pay attention to when I go to banks and gold shops for gold recovery? Although banks and gold shops can recycle their own gold bars, they also have requirements for recycled gold bars. For example, many banks will ask you to show your purchase invoice when recycling gold bars. If your invoice is lost, the bank may not recycle your gold bars. Therefore, after buying gold bars, everyone must pay attention to keeping the invoices, otherwise it is easy to be rejected when selling gold bars. In addition, an important role of retaining invoices is to avoid shortage of manpower when gold is recycled, especially when going to gold shops or pawn shops for recycling. If there is no invoice, it is easy to be short of people when weighing. Also, after buying gold bars, you must keep them safe. Although gold is a precious metal, it is not easy to be damaged, but you should also pay attention to preservation, because once the gold bars are worn, there will be a loss fee when recycling.
Finally, one more thing to remind everyone is that although banks can recycle gold bars themselves, not all outlets will participate. There are only a few outlets in each city to undertake this business. After all, there must be professionals to test the high gold content, and it is difficult to distinguish between true and false. So before you go to the bank, you'd better check online or call for advice. In this way, we can also know the current recycling price and avoid a trip in vain if the price is not ideal.