Malaysian gold companies have enjoyed brisk business during the coronavirus pandemic, as people sought to park their money in a safe commodity. KOTA BHARU: In a backroom workshop in Malaysia, goldsmiths with blowtorches and chisels sit at wooden desks as they melt and mould the precious metal into glittery jewellery.
The Makmur Gold company, which is based in northern Kelantan state and mainly makes jewellery, has enjoyed brisk business this year even as the Southeast Asian nation's economy fell into recession. Makmur Gold recorded strong sales of about 80 million ringgit over the past eight months as buyers sought to park their cash somewhere safe.
READ: Commentary - What struggling Malaysians need from this budget is a stronger safety net – and higher taxes "Women will buy these for beauty, but the benefit of buying gold is more towards our investment for the future," she told AFP.
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