Economic uncertainty drives customers to snap up 22-carat gold bars and coins or sell off unworn jewellery
“W
ith everything that’s going on in the economy and Donald Trump banging his chest against the world, we’re finding there’s no trust in the banks because we don’t know what’s going to happen,” Sandeep Kanda says.
Kanda is the owner of Sunny Jewellers, situated along a stretch of Leicester known as the Golden Mile, and is a beneficiary of consumers seeking alternative investments amid the uncertainty.
The business is among a dozen or so south Asian jewellers in the area that have been facing relentless demand for gold since the precious metal began soaring in value at the end of last year.
