Gold jewellery exports expected to drop over 10%

The chaos in Iraq with Islamic fundamentalists taking over Mosul and other cities in northern Iraq has been bad news for the world and good news for gold.

GEORGE TOWN: The Penang Goldsmith Association (PGA) is projecting the value of Malaysia’s gold jewellery exports to drop by more than 10% this year from RM4.8bil in 2015.

PGA adviser Joeson Khor told StarBiz that for the first four months of the year, the value of exported gold jewellery dropped by 12.4% to RM1.429bil from RM1.632bil.