Crowds throng Kelantan gold shops as prices fall to RM503 a gramme

KOTA BARU - Since gold prices plummeted to RM503 a gramme yesterday, jewellery stores in Kelantan have been inundated with customers eager to capitalize on the price drop. Numerous shops at the Pasar Siti Khadijah market were bustling with eager shoppers, all vying to buy gold for their collections or as an investment.

Customer Halima Osman, 45, expressed her surprise at the sharp decline in prices, as they had previously hovered around RM600 a gramme. She currently holds a passion for gold and has been closely monitoring the price fluctuations over the past few weeks. She believes that RM503 is the lowest price she has observed. Whenever gold prices drop, she makes it a point to buy more gold to add to her collection.

Today, she purchased a bracelet because the price was so favorable. Halima explained the common practice among customers: they buy gold when prices are low and sell when prices rise, thereby making a profit from the fluctuations.

Nur Ain Abdul Manaf, a 30-year-old customer, bought a necklace and an anklet during her visit. She sees gold jewellery as a form of savings and investment. With the prices now at their lowest point, she believes it's the perfect time to stock up. If they ever need money in the future, they can sell the gold. Nur stated that this appears to be the lowest price she has seen so far. When she was at the jewellery shop, she noticed that everyone was there to buy, not sell.