Author: Team Editors admin

Jewelry sales expected to grow in Abu Dhabi 30% during the second quarter

Rising sales of jewelry and watches in Abu Dhabi

Rising sales of jewelry and watches in Abu Dhabi at a rate ranging between 20 to 30% in the second quarter of this year, compared to the first quarter, according to the expectations of traders attributed to the approaching summer season and weddings.

Among those on the sidelines of their participation in the International Exhibition of jewelery and watches, which was launched at the Abu Dhabi National Exhibition “ADNEC” the day before yesterday that the options customers have become now moving to buy smaller quantities of jewelry, for attention to quality and value such as diamonds and precious stones, expecting sales growth jewelry this year, compared to last year amid stable gold prices.

The traders in the exhibition displays a variety of configurations of diamonds and colored stones, watches start from 3 thousand dirhams and up to tens of millions of dirhams.

For his part, predicted Abdel Wahed Marzouki owner of “Jewelry Mandoos” to rise sales in the second quarter of this year, and so before the summer season by between 25 and 30%, pointing out that the organization of the exhibition before the season weddings, which begins in July will contribute to meaningful sales during the exhibition.

And the expectation of rising sales this year, compared to last year in gold prices remained stable and people are coping with the new prices, noting that the formations are displayed new and diverse private weddings season of crews Diamond ranging between 500 thousand to 700 thousand dirhams.

He added that the families in the UAE and the Gulf began heading to buy diamonds after the rise in gold prices, where I said the quantity that they buy in the past, for their attention to quality, adding that they are buying more valuable formations jewelery studded with diamonds

For his part, Sultan Nasser al-Shuaibi owner “Jewelry Sultan”, the movement began purchasing rise gradually in Abu Dhabi since last February, which will culminate this month, sales are expected to rise by 25% in the period before the onset of the summer season because of occasions weddings.

And that the formations are displayed many and varied on the occasion of the wedding are kits start at 80 thousand dirhams and up to more than 500 thousand dirhams.

He pointed out that the rise in gold prices to record highs last year led to a decline in sales, while the decline in gold prices since the beginning of the year and contributed to the return of stability to the gold market activity and jewelry, and expected higher sales this year compared to last year.

May 19, 2012
Gold Rate Loses 11 dirhams In Two Weeks For Gram And Sales Rise 20%

Gold Rate

Continued gold prices decline for the second week in a row, and gram lose more than 11 dirhams in two weeks, has encouraged consumers to return to the purchase, and raising the sales including ranges between 20 and 30%, according to officials in the shops for jewelery and gold jewelery in Dubai and Sharjah. The price of a gram of gold bullets different, a decline ranged between 4.5 and 5.5%, yesterday afternoon, compared with the rate prices a week ago, according to the stated price indices in Dubai and Sharjah.

And detailed, the price of 24-carat yesterday 185.25 dirhams, down 5.5 dirhams prices last weekend, while the total gram 22 carat 174 dirhams drop of 5.25 dirhams. And the price of one gram of 21 carat carats to 165.50 dirhams, down five dirhams, while the total gram 18 carat AED 141.75, a decline of 4.5 dirhams.

The director of the shop «jewel Baghdad» to trade jewelry, hekmat ward, that «low gold prices at rates that exceeded 11 dirhams in two weeks to support the return of consumer markets, as were keen to take advantage of the decline in prices, which is the largest in nearly three months, leading to increased sales, especially this week, rising by about 30% compared to last week.

Concurred in opinion official sales in the shop «Alujain Jewellery», Ahmad Ebadi, who stressed that «the continuation of gold prices in decline tempt a large number of consumers buying to take advantage of those declines, boosting sales, which rose at rates ranging between 20 and 30% compared to last week.

He pointed out that «continue to decline such large values will contribute to compensate merchants for prior periods was devoid of strong events, where prices rose sales Vtbatot, more focused sales and then to sell gold Mchgullachm dealers used.

May 18, 2012
Gold Rate In UAE Decline More Than 6 dirhams

Gold Rate In UAE Decline More Than 6 dirhams

Gold rate in Dubai decline ranged between five and 6.5 dirhams to different shots gold compared with the rate prices late last week, according to the gold price indices announced in Dubai and Sharjah markets until yesterday afternoon.

Officials at the shops for jewelery and gold, that decreases gold this week is the largest in nearly three months, noting that it has contributed to raising the sales rates ranging between 25 and 30% compared to last week, with stops Iqbal consumers to sell used gold .

The price of a gram (24) carats 190.75 dirhams, yesterday, down $ 6.5 dirhams for prices late last week, while (22) carats 179.25 dirhams down 6.25 dirhams, and the price of (21) carats to 170.50 dirhams, decrease of 5.75 dirhams, while the gram (18) carats 146.25 dirhams, down five dirhams.

According to sales manager in the shop «Jewelry teller» , Abdullah Mohammed Ali Thami, that «Gold has the largest rate of decline during the week for nearly three months, contributing to attract many consumers, which reflected positively on the higher rate of sales rates 30% compared to last week.

He added that «improved sales this week is a return to sales growth after a slowdown witnessed by the past weeks», pointing out that «low gold prices a great extent contributed to the stop Iqbal consumers to sell old used gold , which has spread recently with achieving gold high rates in previous weeks.

For his part, pointed out official sales in the shop «Jewelry Romaizan», Abdullah Fadil, that «Reserve price gram gold level since at least three months to attract Arab consumers and foreign tourists in particular, for the acquisition of works especially caliber (21) carats, raising sales by 25% compared to last week.

Furthermore, said managing partner in a shop «Jewelry Suez», Naveed Devji, said that «dramatic reductions in the price of gold has helped to increase sales», adding that «the continuing price decline in the coming days will show how sales growth among traders and how they benefit from this reduction ».

May 11, 2012
Abu Dhabi Duty Free sales grow 32% to 200 million dirhams

Duty Free

Sales amounted to Abu Dhabi Duty Free during the first quarter of this year, about 200 million dirhams, an increase of 32.2% compared with the same period of last year, according to Mohammed Abdullah Alblkwy commercial CEO of Abu Dhabi Airports Company.

He said The growth in sales of free-market coincided with the high number of passengers traveling through Abu Dhabi International Airport by 21% during the first quarter of this year.

And added that the rate of growth in sales included all retail sectors in Abu Dhabi Duty Free, like gold, electronics, food products, sweets and luxury brands.

And the expectation of rising Abu Dhabi Duty Free sales to 780 million dirhams at the end of this year, jump to one billion dirhams by the end of next year.

He guessed high duty free sales for Abu Dhabi International Airport by 2017 to more than 2.5 billion dirhams in conjunction with the opening of the new terminal, which includes a free market area of 28.8 thousand square meters, compared with 5,800 square meters in the first and third buildings. he reported that 29% of passengers traveling through Abu Dhabi International Airport bought on the open market for the airport during the first quarter of this year, of the total number of passengers totaling 3.4 million passengers.

With regard to the products and shops in the free market, he said that Abu Dhabi International Airport is the first airport in the region of 25 “boutique” luxury addition to that displays more than 120 new products before coming to the markets, and expected the number of “boutique” in the new building, which will be opened in 2017.

He stressed that the free market area of the new building currently under design, stressing that it will be a catalyst for buying and unite ideal shopping environment with vast areas that will be provided.

The number of stores that are currently in the free market in Abu Dhabi Airport 60 stores.

Alblkwy pointed out that Abu Dhabi Airports Company focused on finding a distinctive shopping experience for travelers and five-star service to them, he said, adding that the company’s goal to make travelers feel they are in a shopping center, not at the airport with the variety of products to suit all segments.

With regard to staffing and training in the free market, said there 500 employees currently on the market free of 40 nationalities and speak 60 languages, stressing that these employees are subject to continuous training, where they are dealing with different segments prefer buying high-speed products high prices makes it imperative that the employee familiar products and is well trained. And emphasized Alblkwy continuing events, events and competitions in the free market, especially during occasions and that the National Day and Ramadan and Eid al-Adha, birthdays and other occasions.

With regard to the prices of products in a free market, the البلوكي indicated that the prices of products less free-market rate ranging between 10 to 20% of the market, and varies depending on the product.

April 23, 2012

Gold Rate In Dubai Per Ounce And Kilo Gram

Gold Rate In Dubai Per Ounce And Kilo Gram:

Gold Rate in Dubai change day by day as gold market trading in Dubai,Gold rate in UAE is calculated in Ounce, Gram and Kilogram.

Dubai Gold Rate will be listed based on the gold varieties like 24k, 21k, 21k, 18k, 14k, and 10k carats.

Gold rate in Dubai will be listed in United Arab Emirates Dirham (AED) for the 24k, 22k, 21k, 18k, 14k, and 10k carats which will be updated daily depending on Dubai Gold & Commodities Exchange .

Gold Rate In Dubai Today And The historical gold price in Dubai detailed reports

Gold Rate In Dubai UAE
Carat	Per Ounce	Per Gram	Per Kilo Gram
24K	6,107.00 AED	196.34 AED	196,344.61 AED
22K	5,600.12 AED	180.05 AED	180,048.01 AED
21K	5,343.63 AED	171.80 AED	171,801.53 AED
18K	4,580.25 AED	147.26 AED	147,258.46 AED
14K	3,560.38 AED	114.47 AED	114,468.91 AED
10K	2,546.62 AED	81.88 AED	81,875.70 AED

April 21, 2012

Adoption of MetaTrader 5 Platform in Dubai Gold and Commodities Exchange

MetaTrader 5

Dubai Gold & Commodities Exchange today announced the adoption of “MetaTrader 5 platform,” one of the most electronic trading platforms used in the financial markets in the world, independent program in Dubai Gold & Commodities Exchange.
This will allow the adoption of a “platform MetaTrader 5” platform independent members “Dubai Gold and Commodities Exchange” the use of the platform through a special portal providing services to customers traders “Dubai Gold and Commodities Exchange”, to be the third bourse new global backed “MetaTrader 5” this year.

On this occasion, said Ahmed bin Sulayem, Chairman, DGCX “a platform of electronic trading pioneer” MetaTrader 5 “add value and important to the list of tools and technical expertise available in the DGCX . Reflect our partnership with” company Mestackots Software ” our ongoing commitment to help our members to take advantage of the best electronic trading solutions in the world. ”

Said Jess Chris, executive director of operations at the company “dead Coates software,” developer “platform MetaTrader 5”, “We are proud of our success in the development of trading platform high-quality meets all the requirements of DGCX . And we will continue our efforts to provide more opportunities across our platform to members of the stock exchange. and we are confident that the wide range of technical analysis tools and trading functions of high efficiency provided by “MetaTrader 5″ will provide exceptional support commensurate with the needs of the members of DGCX with regard to the trading process. ”

This provides a “platform MetaTrader 5” wide range of solutions that enable high efficiency in trading financial markets. Among the most prominent major advantages, and administrative support functions flexible and powerful, modern interface with sophisticated trading system, and tools of technical analysis and fundamental analysis, in addition to the possibility of trading on the go. This platform also provides tools to analyze the dynamics of prices and the use of automated trading programs, and allows traders to deal not only with the foreign exchange market, but also with markets trading options contracts and futures contracts and securities.

April 12, 2012
Forecasting For Gold To Exceed $ 2000 during 2012

Expect gold prices to continue to rise for up to $ 2000 (7.43 thousand dirhams) per ounce this year, according to Jeffrey Rhodes, global head of precious metals and CEO of Intel Commodity.

Said Jeffrey Rhodes, during a discussion held in Dubai yesterday, gold prices will drop shortly after rising.

He said that gold could play a big role for investors this year, but at the same time decrease appetite will play India to import this role in weakening the metal trade in Dubai.

Participated Rhodes, who engaged in the trading of precious metals in the world since 1978, in a panel discussion yesterday about the future of the U.S. dollar, and the BRIC countries (Brazil, Russia, India and China), and goods, through its participation in the 51st session of the Conference of the global financial markets in Dubai.

Rhodes believes that the factors that took the precious metals sector, in terms of the strength of his performance in the last ten years, and the period of weakness through which at the present time, will contribute to put the best opportunities for investors.

The Rhodes “expectations Dubai’s gold trade, which is considered as a proxy for the Middle East, linked largely the future of the actual demand for gold in India, especially after the recent decisions of the Indian government to lift tariffs on imports metals, is expected to drop import of gold in India has clearly 2011, which will affect the gold trade in Dubai

In his analysis of the prospects for investing in precious metals this year, said Rhodes The gold rose representing 5.43% since the end of 2011 to reach the current price which is about $ 1,650 an ounce, but nevertheless remain level lower than reached by the end of February, which the boat’s 1790 dollars per ounce.

He said, “I am cautiously optimistic about the year 2012, and I see that the fall in rates of precious metals buying opportunity. In a world free of profitability, money managers need to invest their assets in the sectors of assets that guarantee capital, and moreover they also need to indicate the strong performance when they explaining their investment strategies to customers “.

“The gold is one of the most prominent elements in the global markets, rose by 480% during the past ten years, to achieve the annual increase in prices in all these years by annual returns of up to 20% per year.”

“In a time claiming some that gold is simply currency speculation to the U.S. dollar, the fact is that gold has proved its place among the many currencies, and during the period from 2001 to 2011 the price of gold rose 273% in the euro, and 280% in yen, and 436 % in the Indian rupee. ”

“It was more striking gold with high rates in 2011 by almost 600% compared to 2001 and an annual growth rate reached 23% per year over the past ten years. And increased both platinum and Palladium with an annual growth rate reached 14% and 10% respectively over the same period. ”

He went on “We expect a rise in gold prices in 2012 up to 1975 dollars per ounce. I think that gold can contribute to raise many with coverage ceiling of $ 2,000 per ounce, . We expect to reach the lowest price for gold of about 1465 dollars in up the annual rate for 2012 of about 1727 dollars. ”

And silver, said Rudo The highest price expected for silver this year is estimated at $ 50.25, the lowest price $ 22.25 and a rate of $ 36.25.

While expected to reach platinum to 1940 as the highest price, lowest price estimated 1305 dollars at a rate of 1735 dollars per year. Palladium is expected to reach its highest price to $ 920 and the lowest price for about $ 565, and a rate of 765 dollars.

March 24, 2012
Dubai gold souk displays biggest gold ring in the world

Ring wonderful masterpiece drew attention leading gold market

Raises biggest gold ring in world curious visitors of Deira market for gold, who gather at the door «Jewelry treasure» to see , as well take photo ops in front of interface, to be in the background. The company felt Taiba manufactured based in Jeddah presented in the UAE in this particular market, being attractive market for tourists from different nationalities.

The biggest gold ring in world made of 21 carat yellow gold characterized by being entered Guinness of World Records, due to magnitude and size. The total weight 63.856 kg, with a weight pure gold from 58.856 kilograms, the weight of crystal stones used in decorating, which numbered 615 stone, is 5.17 kg.

The ring design features which comes the form nested loops in each other, and outer diameter 70 centimeters, while inner diameter 49 Centemitra. The time it took manufacture this ring is 45 days, as work about 55 workers, 10 hours day to accomplish

Said the director of «Jewelry treasure» Anil Danak, which displays a ring on there hall in old gold market in Deira, the Saudi Arabia Company , which made the ring, considered presented in Dubai, after the presentation in Saudi Arabia for a long time, because the market attractive to many visitors of UAE given by, a kiss lovers shopping for price deals, and variety Golden brands, so it is appropriate place to recognize the public more broadly.

March 20, 2012
Dubai Gold and Commodities Exchange recorded its highest volume ever in the month of March 2012

Dubai Gold

Jumped number of contracts traded in DGCX for the month of March by 141% compared with last year, marking a significant growth rate of 550 735 contracts, representing the highest volume Monthly achieve DGCX at all, with reference to the value of contracts traded during the month of March amounted to 22.8 billion U.S. dollars.
The number of contracts traded since the beginning of the year to date increase of 126% compared with 2011 to 1545899 contract at the end of March, while the average daily trading volume increased by 152% from last year to stand at 25,033 contracts.

The rise was recorded currency contracts traded, up 197% on an annual basis, a mainstay for the growth of trading volume in the month of March. Has continued Indian Rupee futures contract outstanding performance between the currency futures contracts, marking the highest level in monthly trading volume ever by 495,153 contracts in March, an increase of 257% from last year. At the same time, the volume of trading Australian dollar futures contracts rose by 24% from last year to touch 2,150 contracts. The volume traded futures contracts denominated in pounds sterling / dollar and dollar / yen rate of 69% and 96% reported in the month of February for up to 4,376 and 1,869 contracts respectively.

In the context of commenting on these developments, said Ahmed bin Sulayem, Chairman, DGCX : “It was the main factor behind the performance standard achieved by DGCX in the month of March is the initiatives stock to enhance liquidity and increase the size of the growth of its contracts. With rising uncertainty surrounding the economic environment today, offering stock a unique platform to mitigate risks and take advantage of the volatility of currency and commodity prices. expect growth to continue trading volume of Dubai Gold and Commodities for decades precious metals, energy and currencies. ”

In terms of precious metals futures contracts, trading saw gold futures contracts a strong recovery in the month of March, it rose 34.2% from the previous month by 37,189 contracts. On the other hand, the volume of silver futures by 30% since February and until the end of March by a mere 1,057 contracts.

March 4, 2012
Gold Rate In Dubai Increase 6 Dirhams In A Week

Gold Rate In Dubai

Gold rate in UAE rises yesterday, including ranged between 4.75 and 6.25 dirhams for shots gold different, according to list prices in Dubai and Sharjah, compared to prices during the past week, investigators first weekly gain during the month, which saw declines varied since start compared to last month.

The price of a gram (24) carats, yesterday 0.212 dirhams, up $ 6.25 dirhams for prices last week, while the total gram (22) carat 199.5 dirhams, up about six dirhams, and scored Gram (21) carats amount of 189.75 dirhams, an increase of 5.75 dirhams, while gram (18) carat 162.5 dirhams, up 4.75 dirhams compared with the end of last week.

Said salesman in gold trade that rises in the price of gold locally gradually began two days ago until it reached its current borders, which exceed six dirhams per gram compared to the end last week», adding that «Gold prices seen this week the return of the high prices in the markets affected by the global turmoil and political events in each of the Arab region, Iran and Greece.

February 24, 2012