Hong Lai Fook Gold: A summary of gold jewelry recycling channels

In the past year, the drop in gold prices has caused citizens to rush to buy pure gold jewelry. This has been followed by a sharp rise in gold prices, and many people want to cash in. So, in response to this, Hong Lai Fu will introduce to you where gold jewelry can be recycled.
Where can gold jewelry be recycled?
Gold jewelry recycling channel 1: Bank
It is understood that most of the self-operated brand gold bar businesses of commercial banks have opened repurchase business, but they mainly invest in gold bars. After investors buy branded gold bars from these banks, they can be sold to banks as long as the gold bar products meet the relevant repurchase conditions.
Gold jewelry recycling channel two: pawn shops
In addition to banks, pawn shops are also responsible for gold pawn business, but the prices given are lower. Buying back gold in a pawn shop generally only requires simple testing and does not require melting. Investors need to note that the price of gold pawned by each pawn shop is different, and the method of collecting interest is also different.
In contrast, some street shops and online shops also advertise gold recycling at high prices. Normally, roadside shops do not need to produce any documents or receipts to repurchase gold. They only need to bring gold jewelry and gold bars. Weigh and pay according to weight, but the price is very low, some even only RMB/gram. Moreover, these small stores will not issue any receipts, making it difficult for investors to defend their rights in the event of a dispute.
Gold jewelry recycling channel three: gold stores
Some gold holders will also choose the trade-in business launched by gold stores. Although there is no limit on the style of gold jewelry, investors must bring shopping receipts. When exchanging an old one for a new one, a certain depreciation fee will be charged. Generally speaking, the price of gold repurchase is basically in sync with the international gold price. The salesperson inspects the goods to confirm that they are intact. In addition, the weight, invoice or sales voucher and shopping voucher, certificate, etc. must all match, so that they are eligible for cash.
The above is all about where gold jewelry can be recycled. For more basic knowledge, please pay attention to Hong Lai Fook Gold!