Chow Tai Seng Says Gold Price Decline Boosts Weight-Based Gold Jewelry Sales, Terminal Operations Stable
Chow Tai Seng said in a conference call on July 27 that the decline in gold prices is favorable for the sale of gold jewelry priced by weight. If the sales weight stabilizes and rebounds, it would provide strong support for revenue. The company noted that the overall operating situation at its terminal gold jewelry stores has remained stable recently.