Gold drops on vaccine news


Golden investment: Anisah Ahmad (left, standing) and her friend Nurul Habzan Abdul Halim looking at bracelets in a jewellery shop in Jalan Tuanku Abdul Rahman, Kuala Lumpur. — AZLINA ABDULLAH/The Star

KUALA LUMPUR: The announcement on the discovery of the vaccine for Covid-19, which has brought relief to everyone in the world, including in Malaysia, is said to be a major factor for the sharp drop in gold price lately.

Gold investment consultant Syukor Hashim said gold price went up by 37% from early January until August where it used to exceed RM300 a gram.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
gold price , drop , covid-19 , vaccine

Next In Nation

Lorry crash: Shuttle Selatan, ETS services delayed on Kulai-Kempas route
F1: Anwar meets Singapore GP executive director, discusses best practices
Welfare of Ampang residents remains a priority, says PM's polsec
Drug trafficking: Three M'sian women nabbed in Jakarta in separate case, says NCID chief
Teacher found dead in Bau school toilet
Fuel prices Aug6-12: RON97, unsubsidised RON95, diesel all drop 5sen per litre
Debates at PKR congress to focus on economy, education, public issues, says director
Three Malaysians nabbed with RM4.3mil worth of meth in Hatyai are from Sarawak, say cops
Pilot drug case: NCID officers to head to Jakarta to probe syndicate network
Mechanics of police involvement in aviation security being finalised, says IGP

Others Also Read