Gold jewellery export set to surpass RM6bil

Penang Goldsmith Association (PGA) adviser Joeson Khor told StarBiz the export value of Malaysian gold jewellery hit about RM5.1bil in the January-November 2021 period, a figure exceeding the RM4.1bil achieved for the entire 2020.

GEORGE TOWN: The value of gold jewellery export from Malaysia is projected to surpass the RM6bil mark in 2022 as the US Federal Reserve (Fed) plans to raise interest rates, a move that would soften gold prices and spur gold jewellery consumption.

Penang Goldsmith Association (PGA) adviser Joeson Khor told StarBiz the export value of Malaysian gold jewellery hit about RM5.1bil in the January-November 2021 period, a figure exceeding the RM4.1bil achieved for the entire 2020.