What happened: Jewellers in the UK’s south Asian community report a boom in business as customers buy and sell 22-carat gold amid economic uncertainty. Many are turning to gold bars and coins as alternative investments.
Why it matters:
- Rising gold demand reflects public distrust in banks and economic instability.
- South Asian jewellers benefit from increased trade, impacting local economies.
MNN Take: Economic uncertainty often drives people to tangible assets like gold for security. This trend boosts jewellers specialising in gold, especially in communities with strong cultural ties to the metal.
Sources: Guardian UK