Rising global gold prices have triggered a surge of activity in Kuala Lumpur, with both buyers and sellers flocking to jewelry stores. Many Malaysians are trading old gold pieces or pawning items to take advantage of the high market prices.
Jewelry shops are seeing long queues, with some customers waiting hours to complete transactions. While some are selling gold to capitalize on current prices, others are purchasing it as a safe-haven investment amid economic uncertainties and global market fluctuations.
Gold prices have climbed significantly, with 916-purity gold reaching record highs per gram, prompting both excitement and urgency among traders and buyers.