A gold and silver medallions bearing the image of Sultan Selangor, Sultan Sharafuddin Idris Shah were launched here on Monday at Concorde Hotel, Kuala Lumpur. The half ounce and one ounce pure gold and silver medallions, were unveiled by Prime Minister Datuk Seri Najib Tun Razak at a ceremony in conjunction with the launch of gold bars refined by Demi Idaman Sdn Bhd.
Also present were Sultan of Selangor, Sultan Sharafuddin Idris Shah, his consort Tengku Permaisuri Selangor, Tengku Permaisuri Norashikin and Raja Muda Selangor, Tengku Amir Shah Sultan Sharafuddin Idris Shah.
Chairman of Demi Idaman Sdn. Bhd., Datuk Salehuddin Saidin and Chief Executive Officer of SIRIM, Prof. Ir. Dr. Ahmad Fadzil Mohamad Hani also present during the launched.
The medallions show Sultan Sharafuddin portrait and his personal royal crest.
“Now, with the development of our first commercial gold refinery, we have the ability to process gold, from the smelting phase through refinement, within Malaysia,” Najib said.
Najib said this initiative stemmed from the KL Gold Programme which he launched in 2014 to drive Muslim participation in the gold industry.
He said gold has always played an important role for the nation with the precious metal used not merely as jewellery and trade, but also in producing critical high technology components.
“While gold prices may fluctuate, the underlying confidence that individuals, financial institutions, central banks and governments have in gold is unlikely to diminish anytime soon.
“That is why it is so important that we continue to encourage the growth of the industry in Malaysia,” he added.
No information about Sultan Selangor medallions technical specifications in any news. Checking the website for Demi Idaman Sdn Bhd also did not provide any answers because of their website still under maintenance?