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What procedures do gold shops need to recycle gold?
Procedures for gold recovery in gold shops:

1. When recovering gold, customers must bring: gold for sale, invoice and my ID card;

In the process of gold recovery, it is usually necessary to buy invoices for gold. In fact, the role of invoices is only to prove the formal source of gold, and of course the weight of gold is also a good proof. Can be compared with the merchant's weighing. If it is consistent, you know that the merchant is not allowed to weigh; Of course, try to show the purchase invoice during the recycling process, which is a guarantee for both buyers and sellers. (But some friends may have bought jewelry for several years, and the invoice has long been lost. Don't worry, the lack of invoices does not affect the gold recovery price);

2. Gold jewelry is a very valuable item. In order to prevent the goods from being stolen, the industry requires to sign a letter of guarantee during the transaction, and requires to sign a statement that the goods are from legal sources. This statement is strictly confidential. Please don't worry as long as it is personal belongings with legal sources.

The process of gold recovery: quotation-weighing-purity testing-re-weighing-price confirmation-settlement.

Legal basis: Article 12 of the Regulations on the Administration of Gold and Silver in People's Republic of China (PRC).

Individuals selling gold and silver must sell them to the People's Bank of China.

Article 22

Entrusting or consignment shops shall not purchase or consign gold and silver products or gold and silver equipment. Jewelry stores can buy jewelry inlaid with gold and silver for export, but they are not allowed to buy or sell gold and silver products and equipment. Gold and silver products are purchased by the People's Bank of China for export.