Gold jewellery sales surged by more than 30% this year in Hong Kong, with the return of weddings and other celebrations after Covid-19 receded and social distancing measures were relaxed, SCMP said, citing industry players.
The rise in sales comes after two years of contraction. Gold jewellery sales fell by 80% last year, as the pandemic disrupted countless weddings, which are key drivers of demand. In 2019, sales fell 40% amid the city’s social unrest, the report said.
Read the full report: SCMP.
ALSO READ:
Kyrgyzstan ‘Open to Settling’ Centerra Gold Mine Dispute
Bitcoin’s Price Surge Leaves Gold in the Dust – FT
Record Gold Price Driven by Investment Products
WATCH :
