If you want to realize physical gold, how can you achieve it? Generally speaking, there are three channels for gold recycling.

First of all, the most common one is brand gold shop. Retail gold shops generally provide gold recycling services, but there will be different rules. Some shops tend to make up for the price difference by old for new, while others support gold recycling of all categories. Generally speaking, the cost of gold recycling for this brand is lower, while for other brands of gold, more handling fees need to be deducted.

The second main channel is commercial banks. Generally speaking, banks only recycle designated gold bars sold by the bank at designated outlets and special counters. Of course, some banks can also recycle gold bars from other banks, such as the Industrial and Commercial Bank of China recognizes the full-gold bars of 14 commercial banks and 2 gold enterprises (China Gold and Shandong Zhaojin).

The third channel is pawnshops. Pawnshops are more flexible and convenient in recycling gold, usually without restrictions on brands, types, and fineness, but it is important to identify legitimate channels.

When recycling gold, we need to first understand the current gold price trend, choose the appropriate recycling method, and finally prepare the documents and vouchers. For example, in the case of the Industrial and Commercial Bank of China, when repurchasing, you need to bring your ID card, ICBC debit card, the gold product to be recycled, purchase voucher, and certification documents, etc., to the outlet for processing.