Despite the current record prices of gold, the demand for the precious metal does not seem to subside.
It is therefore timely that the Malaysia Gold & Jewellery Trade Exhibition 2025 is set to take place in Penang from May 9th to the 11th at the Setia SPICE Convention Centre in Penang.
Present to announce the showcase was Penang State Exco for Tourism and Creative Economy YB Wong Hon Wai.
Joining him was Penang Convention & Exhibition Bureau (PCEB) Chief Executive Officer Ashwin Gunasekeran and his team members.
Also present was Dato Chiah Hock Yew, President of Federation of Goldsmiths and Jewellers Associations of Malaysia (FGJAM), Law Chin Hooi, President of Province Wellesley Gold & Silver Ornament Merchants Association (PWGS), Dato Abdul Wahab Hamid, Honorary Secretary of Malaysia Gold Association among others.
Wong shared that the exhibition is organized by the Province Wellesley Gold & Silver Ornament Merchants Association (PWGS) and co-organized by the Malaysia Gold Association and is supported by his office.
“This event is also backed by the Malaysia Convention & Exhibition Bureau (MyCEB) and the Federation of Goldsmiths and Jewellers Associations of Malaysia (FGJAM), as well as endorsed by Malaysia External Trade Development Corporation (MATRADE).
“This event remains a highly anticipated annual event for industry professionals both locally and internationally. This exhibition serves as an exceptional platform for fostering business opportunities, bringing together industry elites to exchange ideas, explore market trends, and identify new opportunities for collaboration and market expansion.
“This year’s exhibition aims to bring together 150 exhibitors, with over 110 confirmed participants this far. The event is targeted to attract approximately 10,000 buyers.
“Among the foreign participants are from Myanmar, Philippines, Singapore, Taiwan, Thailand, United Arab Emirates, United Kingdom, Vietnam, Australia, Brunei, China, Hong Kong, India, Indonesia, Japan and more,” added Wong.
He also shared that in addition to showcasing the latest trends in gold and jewellery design, the exhibition will also feature cutting-edge technologies and machinery, presented by leading companies in the industry.
“Notably, 25% of the exhibitors are international participants, representing key hubs in the gold and jewellery sector such as China, Singapore, and the UAE. Their enthusiastic involvement underscores Penang’s unique position as a global trading hub for gold and jewellery. This international participation not only broadens trade opportunities for local industry players but also creates avenues for cross-border partnerships and knowledge sharing, further solidifying Penang’s status in the global jewellery industry.
“The gold and jewellery sector has long been a vital pillar of Malaysia’s economy. Its robust growth reflects strong market demand and highlights Malaysia’s steady progress in international jewellery trade.
“Malaysia’s total jewellery imports reached RM 1.519 billion, marking an 18.39% increase from RM 1.283 billion during the same period in 2024.
“Guided by the vision of establishing Malaysia as a global hub for gold and jewellery trade, the Malaysia Gold & Jewellery Trade Exhibition 2025 plays a pivotal role in achieving this strategic goal. It serves as a bridge for the Malaysian gold and jewellery industry to connect with the global stage, propelling the country toward its aspiration of being among the top ten gold and jewellery exporters worldwide.
“To this end, the exhibition will feature a series of activities, including the International Jewellery Fashion Shows to showcase the artistry and craftsmanship of renowned designers; Businesses Matching Sessions to facilitate precise connections among manufacturers, traders, retailers, and designers, Exhibitor Product Launches to unveil the latest innovations in products and technologies and Expert Seminars with industry leaders exploring trends, technological advancements, and sustainable practices.
“The ongoing rally in gold prices continues into 2025. As of 20th March 2025, gold prices surpassed USD 3,000 per ounce, reaching USD 3,036.74, with forecasts suggesting a sustained bullish trend. This aligns with heightened global economic uncertainties, underlining gold’s role as a secure investment amid inflation, currency devaluation, and geopolitical risks,” added Wong.
