MIRI: For the past two weeks, customers have been rushing to goldsmith shops following a drop in the prices of gold.
In Miri, New Sarawak Tribune found long queues outside goldsmith shops at Jalan Cina here as customers waited patiently for their turn to buy gold jewellery.
For many members of the public, gold is a good long term investment.
At a gold shop in Jalan Cina here, the price of 916 gold is RM234 per gramme while the price of 999 gold is RM250. The prices are RM30 cheaper now.
“It’s a ‘hot’ long term investment,” said Ismawati Abdullah, 53, a crysophilist for more than 20 years.
“It has been a long time since the gold prices dropped, and I think it is a good time now to buy gold.”
Sharing a similar sentiment, was 35-year-old cashier, Wivy Ibrahim, who just purchased a gold bracelet a week ago.
For Sawing Bajing, 55, a salesman, gold is not only a good long term investment but something valuable that he could pass on to his children.
