26 Dec '11, 11am

More buying gold in S'pore

SINGAPORE: Demand for gold, a perennial hedge against inflation, is on the rise again. Private mints in Singapore said they are posting a 20 per cent increase in orders from jewellers and gold shops. Gold ingots as well as ornaments are the most common items on the list. Private mints attribute the jump in orders to the upcoming Lunar New Year. Next year's zodiac is the dragon, so craftsmen are busy doing over-time, making dragon-themed gold coins and ingots. One set could cost some S$5,000. Private mints added more buyers from China and India are buying gold here.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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