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Economy 14 Jul 2018 | 12:00 AM

Association seeks SST exemption on investment metals

KUALA LUMPUR: The Malaysia Gold Association wants investment precious metals (IPMs) and jewelleries to be exempted from the soon-to-be implemented sales and services tax (SST).

Corporate News 11 Jun 2018 | 12:00 AM

PGA: Zero-rated GST a boon to gold jewellery export

GEORGE TOWN: The Penang Goldsmith Association (PGA) is projecting the export of Malaysia’s gold jewellery at an estimated RM6.7bil this year, up from an earlier forecast of RM4bil in March.

Investment 08 Feb 2018 | 12:00 AM

China’s love affair with gold heating up on property riches

HONG KONG: China’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market.

Business 27 Mar 2015 | 12:00 AM

Beijing should boost gold reserves to 5%, says World Gold Council

HONG KONG: China should increase its gold holdings to around 5% of its total foreign exchange reserves to help diversify currency risks, the World Gold Council (WGC) said.

Commodities 07 May 2014 | 12:26 PM

China's gold consumption edge up, gold bar demand slumps

SHANGHAI: China's demand for gold bars fell nearly 44% in the first quarter of 2014 from year ago, even as total gold consumption edged up about 0.8% during this period, the China Gold Association said on Wednesday.

Business 10 Feb 2014 | 2:00 PM

China's gold demand surges, tops 1,000 tonnes

BEIJING/SINGAPORE: China's gold consumption jumped 41% in 2013 to exceed 1,000 tonnes for the first time, an industry body said on Monday, as a sharp slide in prices attracted buyers for jewellery and bullion.

Commodities 30 Sep 2013 | 5:39 PM

China to ease gold trade restriction

China's central bank is planning to increase the number of firms allowed to import and export gold and will also ease restrictions on individual buyers of the precious metal, according to a draft policy document issued on Monday.

Business 12 Aug 2013 | 4:07 PM

China H1 gold consumption soars, set to surpass India as top user

SINGAPORE, Aug 12 (Reuters) - China's consumption of gold in the first six months of the year surged by more than half as sliding prices of the metal lured buyers, data showed, reinforcing expectations that the nation will overtake India as the world's top gold consumer this year.

Business 11 Feb 2008 | 12:00 AM

More investors turn to gold amid struggling stock market

CASH might be king, but gold could again rule. Amid a struggling stock market, rising prices and uncertain prospects in the property sector, many Chinese people think that gold is the safest and most reliable asset.