The gold market continues to heat up behind the recycling craze, hidden dangers lurk.
Recently, international and domestic gold prices have repeatedly set new historical records. Stimulated by high gold prices, some consumers choose to cash out at high levels. However, some sellers of gold also face transaction disputes. At the same time, in the process of gold recycling, there are problems such as inflated pricing, reduced settlement, reduced weight and purity during weighing, and difficulties in safeguarding rights caused by "three-no" door-to-door recycling. Banks, brand gold stores, professional recyclers, and pawnshops coexist as multiple recycling channels, but there are significant differences in fees and service levels. Industry experts suggest that consumers should choose formal channels when recycling gold, understand the daily base gold price and cost structure in advance, supervise the weighing and testing process throughout, keep transaction receipts properly, to prevent risks such as underweighting and hidden charges, and ensure their own rights and interests.
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