Malaysian gold retailers squeezed on capital to acquire precious metal
Markets
Jewelry company forced to ramp up production efforts to create “stronger, lighter, affordable” items
Rising gold prices strain the working capital for jewelry makers who have to turn raw gold into finished products. (Photo by Miki Kamiyama)
KUALA LUMPUR — Malaysia’s gold retailers are navigating a tightening of working capital as elevated bullion prices force businesses to commit more cash up-front to sustain inventory levels even as profits surge, a major gold retailer and industry observers say.
