3 thoughts on “Is the gold jewelry of Chinese gold more reasonable than 58 percent of the international gold price premium?”
Traci
reasonable.
The main factors to drive the gold spread of spot gold at home and abroad include: The import costs of gold, The management and control of China's import and export gold, China's own golden gold For supply and demand status,
Since the opening of China's gold market in 2002, investors' demand for gold has increased rapidly, and the situation of domestic gold supply has gradually appeared. From 2015 to 2019, the average annual Chinese Gold General Generally China General Manager 62%of the supply comes from imported gold.
In the process of gold from import to transportation, it will generate a certain cost, including air transportation, insurance, conversion or manufacturing costs (converting 99.5%purity of 400 ounces of gold bars to 99.5%and 99.99% Kgkin gold bars), customs clearance and Shanghai Gold Exchange's entry and exit costs.
Therefore, theoretically China's local gold price will be slightly higher than enough to pay the above cost.
At the same time, in order to maintain market stability, my country's gold imports have certain control and control, which makes the "scarcity" of domestic gold higher than other markets. The premium is generated accordingly.
China's gold jewelry is not too reasonable than 58 percent of the international gold price premium. Considering that gold jewelry stores require hydropower costs and high labor costs, and high rental fees, gold jewelry will be much higher than the national gold price. Essence
reasonable.
The main factors to drive the gold spread of spot gold at home and abroad include:
The import costs of gold,
The management and control of China's import and export gold,
China's own golden gold For supply and demand status,
Since the opening of China's gold market in 2002, investors' demand for gold has increased rapidly, and the situation of domestic gold supply has gradually appeared. From 2015 to 2019, the average annual Chinese Gold General Generally China General Manager 62%of the supply comes from imported gold.
In the process of gold from import to transportation, it will generate a certain cost, including air transportation, insurance, conversion or manufacturing costs (converting 99.5%purity of 400 ounces of gold bars to 99.5%and 99.99% Kgkin gold bars), customs clearance and Shanghai Gold Exchange's entry and exit costs.
Therefore, theoretically China's local gold price will be slightly higher than enough to pay the above cost.
At the same time, in order to maintain market stability, my country's gold imports have certain control and control, which makes the "scarcity" of domestic gold higher than other markets. The premium is generated accordingly.
China's gold jewelry is not too reasonable than 58 percent of the international gold price premium. Considering that gold jewelry stores require hydropower costs and high labor costs, and high rental fees, gold jewelry will be much higher than the national gold price. Essence
Answer: China's gold jewelry is reasonable than 58 percent of the international gold price premium.