GEORGE TOWN: With the price of gold now at a high, there’s no better time for people to trade in their jewellery for cash, say traders.
Jewellery shop operator Muhammad Muzammil Abdullah, 35, said this was the best time to sell gold items and buy them back later when prices drop again.
“Many of my clients are selling their gold items. They say they will use the cash for some other things like going for a holiday or making other investments. They can buy them back at a later date when the prices drop,” he said.
As at Tuesday, gold was trading at RM324 per gramme compared with RM304 in December last year.
“Over the past few weeks, more than 70% of our customers have sold us their jewellery,” said Muhammad Muzammil.
“Some needed the money for the festive period, while others planned to…
