#jewelry-retail
#jewelry-retail

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Brits cashing in jewellery as gold price hits record high

Pawnbroker Ramsdens upgraded profit forecasts due to record lending levels driven by rising gold prices and consumers pawning jewelry for cash.

Surging gold prices—over 50% this year near $4,000/oz—are forcing jewelers to raise prices, use lower-karat metals, and absorb costs.

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