SINGAPORE - Consumer demand for gold in South-east Asia rose in the first half of the year, supported by lower prices, improved incomes, festival buying, and as a hedge on depreciating currencies, according to the World Gold Council (WGC).
In Singapore, consumer demand for gold increased by 43 per cent, from 2.7 tonnes in the second quarter of 2021 to 3.8 tonnes in the second quarter of this year.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
