€11m in jewellery pawned in Malaga City

IN 2011, residents in Malaga city pawned more than €11 million worth of jewellery.

Unicaja reports that over the past year, levels have remained similar, although less gold was valued last year that in 2010, with the total at 1,300 kilos.

However, the average price paid per transaction involving gold was higher last year, at an average of €537. In 2011, 12,051 Malaga residents pawned their goods.

Sixty-eight per cent of them were women, and 3,913 were aged between 36 and 50.

Unicaja also reports that people are finding it harder to recover their goods because they have more need for the money which they have obtained and are unable to pay it back.

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