INTERNATIONAL GOLD PRICES HIT A 10-YEAR HIGH, DRIVING MORE SALES TO LOCAL PAWNSHOPS AND GOLD SHOPS
The international gold price hit a ten-year high. Jewellery shops and pawn shops saw an increase of 30% of patrons. Many have cashed out on gold or redeemed their pawned items and re-pawned them for more cash.
The international spot price of gold hit the highest point in history on Tuesday, achieving a price of US$1,980 per ounce. Singapore Pawnbrokers Association indicated that the number of people who sold/pawned their gold jewellery has increased by about 20 to 30%.
View here for the video