00:00The Malaysia Gold Association has warned that gold prices could rise by another 15 percent,
00:07exceeding the current RM500 per gram as US trade policies trigger shifts in the global market.
00:14Its Vice President, Abdul Rasul Abdul Razak, said the volatility in prices began after the
00:20tariffs were announced, starting with RM445 per gram on April 1, falling briefly to RM430,
00:27before spiking to RM459. He said gold prices should rise gradually,
00:33warning that sudden jumps like this would be dangerous.
00:37On Friday, New Street Times reported that people were flocking to gold jewelry stores after prices
00:42reached an all-time high, with Habib Jewels reporting an increase of 25 percent in customers that very day.
00:50However, founder of Unique Gold Palace, Yugasri Silva Raja, said while their stock has appreciated
00:55in value, retail sales are slumping. She said her shop used to sell 6 to 7 kilograms of gold monthly,
01:03but now struggles to hit 4. She also said there was a shift in customer behavior,
01:09with more people selling their gold to jewelry stores instead of buying.
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