Holding on to gold despite surging price - News Summed Up

Holding on to gold despite surging price


IPOH: Despite the price of gold surging past RM650 per gram, the folks here are not rushing to cash in their gold. Instead, many are choosing to hold on to their jewellery for its sentimental value and in anticipation of even higher prices. “I plan to save my gold for my children and once they are grown, the value will be higher too. Jewellery store owner A. Kuhaneswaran, 24, said he had seen about a 20% drop in customers selling gold, as many prefer to hold on. When met at a pawn shop here, technician K. Aravin Raj, 35, said he had no choice but to pawn his gold jewellery as he needed cash urgently.


Source: The Star January 30, 2026 22:31 UTC



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