Gold prices drive trade at Townsends
JEWELLERY retailer Townsends, which has shops in Wakefield and Wetherby, saw trading in secondhand and scrap jewellery rise by a third last year as customers capitalised on the highest gold prices for a decade.
Director Michael Townsend said trade in all areas was up in the 12 months to May 2011, reflecting a rise in demand across the jewellery sector of 17 per cent on the previous year.
The firm’s turnover in scrap gold was £250,000 over the last 12 months.