gold industry Tag

Today, we are living in challenging times. Gone are the days when job security brings financial security. Millions realized that it now takes more than a fixed salary to get ahead financially. Thus, many begin to seek for investment opportunities to create additional sources of income and to build wealth. Regrettably, there is an emergence of con artists to deceive sincere investors of their capital. They appear in most, if not all, investment markets such as stocks, properties, private businesses, forex trading and gold. It is unfortunate that these opportunistsRead More
India, which vies with China as the world’s top consumer of bullion, is working on new policies to improve transparency and help expand its $19 billion gold jewelry industry, according to people with knowledge of the matter. The plans being worked out by the finance and commerce ministries along with industry groups should be finalized by the end of March, the people said, asking not to be identified because they aren’t authorized to speak publicly. D.S. Malik, spokesman for the finance ministry, didn’t answer calls to his cellphone. A spokeswomanRead More

Posted On March 15, 2017By HoudiniIn News

Malaysia’s gold output on the rise

KUALA LUMPUR: While Malaysia’s gold industry has been dominated by its downstream sector, it is interesting to note that the upstream sector has grown three-fold in the past decade, to RM780mil in 2015 from RM211mil in 2006. Little is known that Malaysia’s gold production came from its 14 mines in Pahang, Kelantan and Terengganu and as of 2015, Pahang alone accounted for 74% of the country’s output. Malaysian Chamber of Mines’ executive director Muhamad Nor Muhamad said the industry’s growth was driven by the higher output and rising gold price.Read More