The sales channels for gold bars are:

1. Banks.

2. Gold shop or jewelry store.

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

How to buy gold in banks

The buyer first selects the gold product he wants on the gold product display cabinet or product brochure at the bank outlet. After selecting the gold product he wants to buy, Fill in and submit the purchase voucher, the bank checks the sales price and submits it to the business system for processing, the buyer settles the payment, and after the bank registers the gold product information, it will hand over the gold product and related written documents to the buyer.

Extended information:

Types of gold bars

The prices of ordinary gold bars and commemorative gold bars are different. The issuance price of commemorative gold bars is determined according to the pricing method of gold jewelry. Generally speaking, the issuance price of commemorative gold bars is equal to cost + 10% value-added tax + 5% consumption tax + profit. The price of ordinary investment gold bars is based on the spot price of gold plus a certain processing and circulation fee. Therefore, the price of commemorative gold bars is higher than that of ordinary investment gold bars.

The price of bank investment gold bars generally ranges from 10 yuan to 20 yuan per gram based on the stock exchange, while the price of technical investment gold bars is higher. In comparison, the Gosse gold bars sold by Zhaoxing Bank and Agricultural Bank of China are investment gold bars with lower transaction costs.

The repurchase price of bank investment gold bars is not much different, generally 2-5 yuan per gram higher than the price quoted on the Shanghai Gold Exchange. But now more and more banks are launching their own branded gold bars. You can flexibly price your own gold bars based on international gold prices or the Shanghai Gold Exchange market. Customer queries will have different results at different times of a trading day.