PETALING JAYA: It appears that Malaysians are not going for gold with the Malaysia Gold Association predicting almost a 30% drop in demand after the Goods and Services Tax begins.
“The scenario could last for up to a year, even during the wedding seasons, before the public starts buying jewellery again, especially gold ornaments,” MGA pro-tem secretary-general Datuk Louis Ng Chun Hau said.
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