The sales channels for gold bars are:

1. Banks.

2. Gold stores such as Lao Fengxiang jewelry stores.

3. Futures on the gold exchange are all gold bar transactions.

4. Pawnshops also sell a small amount of gold bars.

5. There is gold bar trading in the jewelry trading market.

6. Gold bars are also sold in the mint. .

The process of buying gold bars at the bank is as follows:

1. First, open an account at the bank

Investors must apply for personal physical gold investment business. Gold account card.

2. The transaction fee is about 0.2%

According to the regulations of Industrial and Commercial Bank of China, Hua Xia Bank and Industrial Bank, investors will be charged a fee of 0.2% of the transaction amount for each gold purchase and sale. .

3. Shipping premium is 80 yuan/kg

If investors need to withdraw gold from the Shanghai Gold Exchange, they need to pay a certain shipping premium, which is 80 yuan for Huaxia Bank and Industrial Bank. /kilogram. Shenzhen Development Bank currently does not charge shipping premiums.

4. To withdraw gold, you need to apply three days in advance

If investors want to withdraw gold, they must first submit an application to the bank. Hua Xia Bank stipulates that applications must be made 3 working days in advance, and the application time is from 9:00 to 14:30 from Monday to Friday. After successful application, Hua Xia Bank staff will accompany you to the designated warehouse to pick up the goods on the 10th and 20th of each month. ICBC stipulates that applications must be issued 10 working days in advance. Industrial Bank stipulates that investors can apply to pick up goods online 24 hours a day from Monday to Friday. If they apply to pick up goods at the counter, the application time is from 9:00 to 12:00 a.m. and 1 p.m. every Monday to Friday. :00-6:00. In contrast, it is more convenient to apply for gold withdrawal at Industrial Bank.