There are differences in market dominance. Hong Kong is a free trade market.
The difference between Hong Kong gold and mainland gold: such as color standard and pricing unit. In addition, the exchange rate and payment method will also affect the actual purchase price.
I. Units of measurement
When buying gold bars or gold ornaments in the mainland, the store is priced by grams, but when buying gold abroad, how is the price calculated?
Gold shops in Hong Kong and Macao are generally priced at "two", which is not the same as that in the Mainland. Some mainland tourists think they got a big bargain, but they are not. The mainland's "two" is 50 grams, one kilogram is equal to 12 ounces, and 1 kg is equal to 20 ounces; However, in Hongkong and Macau, "Jin" and "Liang" are traditional concepts of China. A catty is 600g, and a catty is equal to 16 liang (that's how half a catty comes from), and one or two is equal to 10 yuan. Converted, Hong Kong and Macao one or two equals 37.5 grams.
In other words, whether it is a jewelry store, a gold store or a pawnshop in Hong Kong and Macao, the price tag of every two Hong Kong dollars marked by the merchants is definitely not the concept of "dividing by 50", but dividing by 37.5.
Second, the repurchase maintenance policy
When buying gold in the mainland, general brand gold shops accept trade-in for new ones. In Hong Kong and Macao, customers not only have to deduct the cost of production, but also deduct the commission when exchanging old products for new ones or repurchasing them. This fee is not available in the mainland.
In addition, when buying gold jewelry in Hong Kong, the policies of trade-in, repurchase and maintenance in the Mainland are different. For example, jewelry bought at Chow Tai Fook in Hong Kong can only be exchanged at Chow Tai Fook in the Mainland and can only be handled in accordance with mainland rules. Moreover, if the styles bought by tourists in Hong Kong are not sold in the Mainland, the maintenance may have to be sent back to Hong Kong, and the freight will be borne by the customers.
Third, price comparison.
Gold in Hong Kong is cheaper than that in the Mainland, mainly because there is no value-added tax and customs duties. Generally, buying gold in Hong Kong and Macao is at least cheaper than that in the Mainland 10%.
Generally, the price of gold jewelry in the mainland consists of two parts: listing price and labor fee, while it is divided into three parts in Hong Kong and Macao. First, the "pure gold price", then the commission (generally 2%-3% of the pure gold price), and finally the labor fee (generally 0.5%- 1% of the pure gold price). The store will print every expense on the invoice. Mainland consumers can only add up all the prices for conversion and comparison when buying.