Uploaded May 2024 | Updated September 2026, 2 days ago
Mediacorp Channel 8, Singapore's Leading TV channel for Mandarin language programming, has featured BullionStar on its News Tonight programme.
BullionStar's Daphne Teo was interviewed in Mandarin at our Bullion Centre in Clarke Quay, Singapore. Below is a translated excerpt of the segment.
Channel 8:The price of gold has increased by more than 20% in the past six months and hit a record high last week. It has fallen back slightly to just over $2,390 per ounce today. According to the precious metal dealers we interviewed, the number of investors selling gold for cash has increased by about 50% in recent times.
"We've seen gold trading volumes increased by 80% to 100%. When it hit an all-time high in early March and stayed there throughout the month, observers or investors who had been sitting on the sidelines started to get interested and became active again."
- Daphne Teo, BullionStar
"There have generally been more customers buying gold rather than selling, with gold purchases accounting for about 50% to 75% of transactions. The proportion of purchases and sales last month was the same, according to industry players, many investors took advantage of the rising gold price to liquidate, while others took the opportunity to buy more gold."
Mediacorp Channel 8, Singapore's Leading TV channel for Mandarin language programming, has featured BullionStar on its News Tonight programme.
BullionStar's Daphne Teo was interviewed in Mandarin at our Bullion Centre in Clarke Quay, Singapore. Below is a translated excerpt of the segment.
Channel 8:The price of gold has increased by more than 20% in the past six months and hit a record high last week. It has fallen back slightly to just over $2,390 per ounce today. According to the precious metal dealers we interviewed, the number of investors selling gold for cash has increased by about 50% in recent times.
"We've seen gold trading volumes increased by 80% to 100%. When it hit an all-time high in early March and stayed there throughout the month, observers or investors who had been sitting on the sidelines started to get interested and became active again."
- Daphne Teo, BullionStar
"There have generally been more customers buying gold rather than selling, with gold purchases accounting for about 50% to 75% of transactions. The proportion of purchases and sales last month was the same, according to industry players, many investors took advantage of the rising gold price to liquidate, while others took the opportunity to buy more gold."
