Tuesday, 8th March 2005 (2692 views)

Gold purchases are set to become popular as an alternative investment channel for Thai people, according to latest findings from the Kasikorn Research Centre (KRC).

The thinktank has claimed that purchasing gold is seen as one of the conventional saving approaches in Thai society and is conducted directly by buyers and sellers, according to TNA.

Findings have indicated that the majority of people involved in the gold purchases are individual people who prefer to buy gold ornaments including necklaces and earrings.

In addition, people tend to buy gold for themselves or as gifts in different festivals.

KRC said people feel gold purchases are seen as a safe saving channel since trading prices are revealed every day.

It is also thought gold prices on the world market will be a key factor encouraging gold purchases as an alternative saving option amongst Thai people.

 

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