Price pressure: Customers are adopting a ‘wait and see’ attitude before buying gold, according to Khor.
GEORGE TOWN: Despite gold price dropping to US$1,456 from US$1,550 in August, the value of Malaysian gold jewellery export is likely to stay flat at US$6bil this year.
Penang Goldsmith Association (PGA) adviser Joeson Khor said that since the price of gold had dropped drastically within a short period, most customers would adopt a “wait and see” attitude before buying.
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