IS gold cheaper in china?
Between China and the US, the same gold bracelet should cost less in China if it’s made in China due to the lower cost of craftsmanship. But at the same time, every mainland Chinese who goes to Hong Kong buy gold or jewelry there, in fact there are more jewelry stores than maybe supermarkets in Hong Kong because of the high demand mostly from Chinese tourists. Because Hong Kong has no sales tax, value added tax nor import duty, the same thing is always sold cheaper in Hong Kong. Edit: Gold as a commodity is the same price in the world, but the price of a gold bracelet does not cover the price of gold only, the bracelet is a consumer product at the same time, there is always the cost of workmanship added on, plus cost of rent and operation of a business. I’d love to buy all gold jewelry available if I only had to pay for the gold ITSELF.
