The trading and exchange of the precious metal within the island nation constitute a significant economic activity. This encompasses various facets, from the importation and refining of the commodity to its retail sale in the form of jewelry, bullion, and other investment vehicles. It also includes the informal sector activities of artisanal mining and recycling.
This sector holds considerable importance due to its contribution to the national economy, providing livelihoods for numerous individuals and families. Historically, it has played a crucial role in the cultural heritage, with gold ornaments being integral to traditions and ceremonies. Fluctuations in global prices, import regulations, and local demand significantly influence its performance and accessibility for both consumers and investors.
