Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Delivery

Ounce Gram
Gold £1460.42 £46.954
Silver £17.982 £0.5781

Updated 23:08 26/09/20

£ $

Japanese investors look to gold as tax rise looms


Adam Pike, News Editor
27 Mar 2014, 10:57 a.m.

Gold demand in Japan has been given a major boost as investors try to complete purchases prior to the Japanese consumption tax increasing from 5% to 8%. Unlike in the UK, Japan charges a consumption tax on all gold purchases and this is the first time in 17 years that the tax has been increased.

Last Thursday, customers in Tokyo reportedly queued for 3 hours to ensure they could make their purchases. Tanaka Kikinzoku Jewellery, who runs seven stores, has seen its sales of gold ingots increase by 530% so far this month.

View original source at: www.ft.com

comments powered by Disqus