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S'pore investors buying more gold as demand rises amid inflation, volatility
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Gold jewellery at a ValueMax outlet in Waterloo Centre. The pawnbroking chain said sales of gold items increased last year, and have been rising in recent months.
ST PHOTO: GAVIN FOO
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SINGAPORE - Undergraduate Travis Tan watched his parents' gold investments appreciate over the past few decades and decided that he wanted a piece of the action.
Mr Tan bought 5g from a jewellery shop in Chinatown in February last year for about $450 and is holding on to his purchase even as gold prices continue to climb.
