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Is Hong Kong gold really cheaper than Chinese mainland? Why is this happening?
Hong Kong gold is indeed cheaper than Chinese mainland, mainly because there is no value-added tax and customs duties.

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.

Generally speaking, gold jewelry in Hong Kong and Macao is more expensive than that in the Mainland, because the wages in Hong Kong are higher and the local gold craftsmanship is better than that in the Mainland.

For investment products such as gold bars and coins, there is not much gap between Hong Kong, Macao and the Mainland. For example, yesterday, the basic price of gold bars invested by domestic brands (including bank gold) in Hangzhou market was around 340 yuan per gram, while the gold bars sold in Hong Kong by chinese gold and silver exchange society (similar to Shanghai Gold Exchange) were also in this price range after being converted into RMB. When the 20 12 version of Panda Gold Coin sold well, the price of Panda Gold Coin in the second-hand market in Hong Kong was as high as 25,000 yuan, even higher than 23,500 yuan in the Mainland.

In addition, it should be noted that according to the newly adjusted duty-paid price list of imported articles by the General Administration of Customs, if the value of personal articles returned to the mainland from Hong Kong by land exceeds 2,000 yuan (or by air exceeds 5,000 yuan), customs duties will be levied after customs clearance, among which the tax rate of gold and silver, jewelry and its products, artworks and collectibles is 10%.