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The pitfalls of 'investing' in gold jewellery
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Goldsmiths sell jewellery items at a premium, like works of art, with prices around 20 per cent above international trading rates.
ST PHOTO: LIM YAOHUI
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SINGAPORE - Gold prices have been hammered by the stronger greenback and are down about 20 per cent from their pandemic high - but before you rush to a dealer to snap up some shiny gold jewellery, note that investing in such items is not the same as trading in the bullion market.
For one, goldsmiths sell items at a premium, like works of art, with prices around 20 per cent above international trading rates.
