Gold bars priced at over 90,000 are now require over 100,000. Many stores and brands have increased their prices across the board. Experts say the new regulations will make transactions more standardized.

On November 1st, the Ministry of Finance and the State Administration of Taxation issued a notice on the tax policies related to gold, clarifying the tax policies related to gold trading. Reporters found in several Shuibei gold stores that many gold stores have raised the prices of investment gold bars and gold jewelry. An employee stated that the price of gold has increased from 932 yuan per gram on the weekend to 1030 yuan per gram, and a 100-gram gold investment bar has risen from over 90,000 yuan to over 100,000 yuan. In addition, experts say that the new regulations will standardize the transactions.