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Published: Wednesday April 24, 2013 MYT 12:00:00 AM
Updated: Friday April 26, 2013 MYT 12:41:47 AM

Lower prices spark gold rush in Kelantan

Jewellery shops in Kota Baru are enjoying brisk business after the price of gold dropped by almost 10%.

Jewellery shops in Kota Baru are enjoying brisk business after the price of gold dropped by almost 10%.

KOTA BARU: Jewellery shops here have experienced an increase in business after the price of gold dropped by almost 10% since last week.

The price for the 916 gold is said to have dropped to RM380 per 2.7gm, from RM420 per 2.7gm previously.

A survey by Bernama found people patronising the jewellery shops as early as 9am, some even waiting along the five-foot way for the shops to open.

An assistant at the Kedai Emas Wan Hassan Wan Omar, Wan Ahmad Salihan Wan Mohd Zaki, 18, said there was a rush to buy gold after news of the drop in price was reported in the media.

“Our shop is now open until 7pm, from 5.30pm normally,” he added.

Rozilawati Sallehuddin, 41, said she considered buying gold as an investment.

"When the price goes up, we can sell it. Sometimes, the price can double," she added.

Nik Mahani Nik Abdullah, 55, said she preferred buying Kelantan gold because it was unique and of better quality.

She said she normally looks for new designs to buy.

"If I don't like the designs that are available, I will get a custom-made one. Although it is more expensive, it is worth it. The satisfaction is there," she added. - Bernama

Tags / Keywords: Nation, News, Gold prices, Kelantan, kota baru

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