Rising gold prices lead to slow sales for goldsmiths during Raya

Shopping for gold: A customer browsing through gold jewellery at Kedai Emas Weng Kwong in Petaling Jaya. Experts are suggesting that gold prices are going to keep rising.

PUTRAJAYA: The rising price of gold in the aftermath of the Brexit vote, has led to slower Hari Raya sales for Malaysian goldsmiths.

Poh Kong Holdings Bhd executive director Ermin Siow said the US gold price had gone up to around US$1,350 an ounce and was showing an upward trend.