Latest news with #RM410
![MARKET PULSE AM APRIL 30, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
30-04-2025
- Business
- New Straits Times
MARKET PULSE AM APRIL 30, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened higher today, buoyed by Wall Street's strong overnight performance. The rally was driven by easing US Treasury yields and the White House's softer stance on tariffs, including a planned rollback of the twenty five per cent duty on car-related imports. Nonetheless, the market undertone is believed to remain strong, underpinned by reasonable valuations. The index is expected to trend within the 1,510 to 1,525 range today. In the crypto market, Bitcoin traded lower at RM410,266 as the US jobs report fuelled hopes of an interest rate cut. Ethereum fell to RM7,830, and Solana was down at RM635. That's it for Market Pulse.
The Star
26-04-2025
- Business
- The Star
Prices soar but gold still tops investment
Precious metal: Lee showing gold bars with 99.99% purity at Komtar. — KT GOH/The Star GEORGE TOWN: Buy low, sell high; buy high, sell higher. It almost seems like this is the motto of gold buyers who are still investing in the precious metal despite soaring prices. 'There is no 'highest' as it will only go higher,' said gold jewellery trader Lee Theam Loong here. The 55-year-old said while many customers have walked in to sell their gold to get a good return on their investments, others are buying for the future. 'Price of gold was RM410 per gram in February and on April 24 it was priced at RM460 per gram. 'Just days earlier, it went up to RM490 per gram. 'I remember the days when it was only RM39 per gram in the early 1990s,' he added. Lee said many of those seeking to invest were buying gold in the form of bars with 99.99% purity, while the sellers mostly brought jewellery pieces that they had kept for years. 'Locals and foreigners are cashing in on their gold jewellery, especially those whose children need money for schooling. 'They lose about 10% in value by reselling, but the high prices ensure they get good returns,' he said. Jewellery shop supervisor Mashitah Md Ishak, 46, said most women customers prefer gold in 91.6% purity, also known as 916 gold, for jewellery. 'The gold price was just RM198 per gram about five years ago, but it is now RM470 per gram. 'With the rapid appreciation in gold value, many do not mind buying gold jewellery to resell later. 'Many new jewellery designs are being produced due to the increase in demand,' she said.
![MARKET PULSE AM APRIL 25, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FHQ24102023BL-15.jpg_1745550017.jpg&w=3840&q=100)
New Straits Times
25-04-2025
- Business
- New Straits Times
MARKET PULSE AM APRIL 25, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia's 30-stock index opened higher today, taking its cue from Wall Street's positive overnight performance. The overnight performance was buoyed by encouraging corporate earnings, especially from Google's parent company, Alphabet Inc, which came in higher than expected. The benchmark FBM KLCI is expected to trend within the 1,500 to 1,515 range today. In the cryptocurrency market, Bitcoin climbed higher to RM410,016. Ethereum showed a positive trend, rising to RM7,758, while Solana traded at RM667. That's it for Market Pulse.
