Buy low, sell high: Kelantan shoppers see opportunity as gold falls to RM503

KOTA BHARU, Oct 27 — Shoppers have been streaming into Kelantan’s gold shops to snap up jewellery as prices sag to about RM503 a gramme yesterday, the New Straits Times reported today.

Many shops around Pasar Siti Khadijah in the Kelantan capital here were crowded with customers, with gold priced between RM503 and RM504 a gramme, according to the newspaper.

“Whenever prices drop, I take the opportunity to buy more for my collection,” Halima Osman, 45, a customer at one of the shops, told the newspaper.

She said the fall was sharper than she expected, as prices had earlier approached RM600 a gramme.

Halima bought a bracelet today, saying that she had been tracking the price slide for weeks and believed RM503 was the lowest so far.

“We buy when prices are low and sell when they rise to make a profit,” she added.

Gold is deeply rooted in Kelantan, where women have long treated it as both savings and business capital, with monthly sales in the state estimated at about 500kg, the New Straits Times reported previously.

Another shopper, Nur Ain Abdul Manaf, 30, left with a necklace and an anklet.

She said she had long treated gold jewellery as a form of savings and investment that could be sold if she needed cash later.

“While I was at the jewellery shop, everyone was there to buy, not sell,” she said.

Spot gold rose 0.3 per cent to US$4,007.57 (RM16,351) an ounce yesterday after hitting US$3,975 (RM16,218) when markets closed on Friday, its lowest level since July 20, according to Business Recorder.

Kelantan saw similar scenes in June, when The Star reported that the decline in the price of 916 gold prompted many people returning to Kota Bharu for the Hari Raya Puasa holiday to buy jewellery.

The gold-buying craze is also happening worldwide.

Bargain hunters also packed Shenzhen’s Shuibei gold market after a dip in global prices, Business Times reported today while gold traded at a premium in India for the first time in more than three months as a price pullback boosted jewellery purchases, Reuters reported.

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哥打巴鲁，10月27日讯——据《新海峡时报》今日报道，由于金价昨日跌至每克约503令吉，购物者纷纷涌入吉兰丹州的金店抢购珠宝。

据报纸报道，吉兰丹州首府吉隆坡的西蒂卡迪嘉市场附近许多商店都挤满了顾客，黄金价格在每克 503 至 504 令吉之间。

“每当价格下降时，我都会抓住机会购买更多藏品，”45岁的哈利玛·奥斯曼是其中一家商店的顾客，她告诉报社记者。

她说，价格下跌幅度比她预期的要大，因为此前价格曾接近每克 600 令吉。

哈利玛今天买了一条手链，她说她已经关注价格下跌好几周了，认为 503 令吉是目前为止的最低价。

她补充说：“我们低买高卖，以此赚取利润。”

据《新海峡时报》此前报道，黄金在吉兰丹有着深厚的文化底蕴，当地女性长期以来将其视为储蓄和商业资本，该州的月黄金销量估计约为 500 公斤。

另一位顾客，30岁的努尔·艾因·阿卜杜勒·马纳夫，买了一条项链和一条脚链离开了。

她说，她一直把黄金首饰当作一种储蓄和投资，如果以后需要现金，就可以卖掉。

“我当时在珠宝店里，大家都是来买的，没有一个人是来卖的，”她说。

据《商业记录报》报道，现货黄金昨日上涨0.3%，至每盎司4007.57美元（16351令吉），此前在上周五收盘时跌至每盎司3975美元（16218令吉），为7月20日以来的最低水平。

吉兰丹州在 6 月份也出现了类似的场景，《星报》报道称，916 金价下跌促使许多人在开斋节假期返回哥打巴鲁购买珠宝。

全球范围内也出现了抢购黄金的热潮。

据《商业时报》今日报道，在全球金价下跌后，大量淘金者涌入深圳水北黄金市场；路透社报道称，由于金价回落提振了珠宝购买，印度黄金价格三个多月来首次出现溢价交易。

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