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Wednesday, 15th December 2004 (4564 views)

Vietnam's Habib Corporation has announced that consumers are taking advantage of its purchase-back programme and are rushing to exchange their gold items.<br/><br/>The price of gold has been increasingly rising and the managing director of Habib, Meer Sadik Habib, told the Edge Daily that consumers are rushing to the store<br/><br/>It is thought that the number of customers using the programme will continue to rise due to various events causing an increase in gold prices.<br/><br/>"Habib expects an influx of consumers to take advantage of its purchase-back campaign by trading their "old" or "outdated" gold pieces and exchange them for cash or new jewellery," Mr Habib said.<br/><br/>Gold trading schemes are said to be one of the most effective investment programmes in the long term and have been practised for a long time.<br/><br/>"By reducing the volume of gold we import and by managing the traded-in gold within Malaysia, not only do we see benefits in currency savings, we are also contributing to reducing an outflow of foreign exchange from Malaysia," he added.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7326727"/>

 

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