New golden tax regulations implemented, further increase in the price of gold jewelry.

Journalists found out during their visits that the implementation of the new gold taxation regulations has further driven up the prices of gold jewelry. The popularity of Shuibei Market in Shenzhen, the largest wholesale gold market in the country, has dropped significantly, with trading activity hitting rock bottom. Some businesses have even introduced two pricing systems, one before tax and one after tax. Upstream suppliers have difficulty selling their goods due to the skyrocketing prices, as downstream buyers are hesitant to make purchases. Well-known brands such as Chow Tai Fook and Chow Sang Sang have also increased their jewelry prices. Analysts believe that the industry is still exploring and studying the new tax regulations, and it will take time for companies to adapt and adjust.