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Evening Standard
Evening Standard
National
Anna Wise

Gold price rally drives record demand for pawnbroking, Ramsdens says

Ramsdens Gold
More people are pawning jewellery amid a lack of quick credit options, Ramsdens said (Ramsdens/PA) -

Pawnbroker Ramsdens has upped its annual profit forecast following record levels of lending, as people swap their jewellery for cash amid soaring gold prices.

The lender and retailer said the higher price of the precious metal was piquing consumer demand and bolstering its profits.

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