Gold buyers biding their time before new tax


GEORGE TOWN: Checks at several goldsmiths and jewellery shops in the city found that most shoppers were adopting a “wait and see” stance before a new High Value Goods Tax (HVGT) kicks in.

Datuk Ameer Tajudin Abdul Wahab, a jewellery shop owner at Little India here, said this could be because buyers could be hoping for the price of gold to dip first.

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