dubaigoldrates

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  • Decline in the value of gold sales in the UAE during the 9 months by 7%

    Decline in the value of gold sales in the UAE during the 9 months by 7%

    Decline in the value of gold sales in the UAE during the 9 months by 7%

    Officials companies in the manufacturing sector and the gold trade said that , the improvement witnessed in different economic sectors in the domestic market since the beginning of the year, especially in the sectors of hospitality, retail, was a key factor in raising the sales of consumer demand (gold) during the first nine months of this year, against a decline in demand for investment (bullion and gold coins), compared to the same period of year 2011.

    They confirmed that the fluctuation of gold prices, and achieved great heights in prices compared to last year, as a result of political changes in the world, was one of the factors contributing to the devaluation of gold sales in the UAE since the beginning of this year until last September, rose ‬ 7%, according to a recent report World Gold Council.

    Report data for «World Gold Council» declined value of gold sales in the UAE by ‬ 7% to about ‬ 10.2 billion dirhams at the end of last September, compared ‬ 11 billion dirhams during the same period in ‬ 2011, as recorded local market decline in demand for gold (for investment) in the third quarter of this year by ‬ 29.5%, after falling to ‬ 112 million (‬ 411 million dirhams), compared ‬ 159 million (‬ 583 million dirhams) for the quarter itself from year 2011, while the consumer demand for jewelry around 315 million dollars (1.15 billion dirhams), compared to 449 million (AED 1.64 billion for the same quarter of last year.

    dominated demand for gold jewelery in the UAE to 75.8% of the total demand for gold during the third quarter of this year, estimated at 8.7 tons, compared with 73.8% during the same quarter of 2011 ».

    Director-General said in the company «Dahab» for manufacturing and trading gold, Suhaib Sheikh, said that «the high demand for gold against a decline in buying gold for investment in the state, was the result of a logical improvement remarkable achievements of different economic sectors in the country, especially in the hospitality and tourism sectors , and the recovery of the movement of tourist groups to the State during the last season of Eid al-Adha.

    Pointed out that «it is possible that the value of gold sales fell, but the rates of demand for gold jewelry, The small or light, rose.

    In turn, the Director-General said in the company «Rosy Blue to trade and supply of gold, Aaron Bahtnjar, that« the demand for gold for investment sales, including bullion and gold coins, witnessed a noticeable decline, which was confirmed by the report of the World Gold Council.

    The Bahtnjar attributed the decline in demand for bullion, compared with an increase demand for gold jewelry to two factors improved financial access for some individuals as a result of the recovery of certain economic sectors, and increased sales of gold tourists.

    He added that «the supply and sales of gold to the company in the domestic market, witnessed growth during the months ‬ 10 first of the year, reached ‬ 30%, compared to the period of time the same year ‬ 2011, which accompanied the results revealed by the global report on the status of the sector in local market.

    Furthermore, the President stated in the company «Salem Shuaibi» Jewellery, Salem Shuaibi, that «sales jewelry has grown since the beginning of this year, backed by increased demand from tour groups, and procurement processes, even small amounts of residents», pointing out that «high volatility in prices during the current year has not been reflected positively on the purchase of gold bullion.

  • GOLD RATE IN DUBAI TODAY

    GOLD RATE IN DUBAI TODAY

    GOLD RATE IN DUBAI TODAY
    GOLD RATE IN DUBAI TODAY

    GOLD rate in Dubai today Stable at the same gold rates during this week with the stability of the global gold prices and GOLD rate in Dubai today records

     

    Gold (24kt) : 203.75 AED

     Gold (22kt) : 192.50 AED

    Gold (21kt) : 182.50 AED

    Gold (18kt) : 157.75  AED

    Gold (Bar) Ounce : 6337 AED

  • Gold Rate In Dubai

    Gold Rate In Dubai

    Gold Rate In Dubai
    Gold Rate In Dubai

    Gold rate in Dubai change by hourly depending on Dubai Gold & Commodities Exchange ,Dubai gold shop often fixed gold rate twice daily if there is no much change for gold rate , It’s no secret that the gold rate in Dubai is high and going still higher. Investors often come to Dubai to buy gold at a very low price which importing a lot of gold from India. Along the Mall called Dubai Gold Souk .

    There are many merchants selling a full range of objects of gold and jewelry. Competitive here gold shops and a certain amount of bargaining is part of the sales process.

    This is the country that are interested in buying gold can get the best deal. Can either gold from the country can be purchased in person at Dubai Gold Souk, or purchased from a broker. Gold can also be located at the airport. But to say that the views of customer service at the airport is not good. There is not likely traders and bargaining. It is recommended that you purchase in the Dubai Gold Souk.

    Factors such as supply and demand, political crisis, economic crises and the impact of speculative artificial Dubai gold rate. The fact that this country does not impose import tax on gold is, perhaps, is the most important factor.

    Gold is still readily available,to reach a decision if you are going to provide some or just allow the opportunity to pass is a question that touches on the financial emergency.

    You can see live Gold Rate In Dubai by local currency or Gold Rate In Dubai in Indian Rupee from Here

  • Dubai Gold Market , Buying and Selling gold at competitive prices

    Dubai Gold Market , Buying and Selling gold at competitive prices

    Dubai Gold Market , Buying and Selling gold at competitive prices
    Dubai Gold Market

    Gold Souk that almost every traveler heard about ,which consider one of the best trip when visiting dubai,the city of gold as it called because none of the gold markets in the world and to match up to the gold market in Dubai – and not in beauty or tons of jewelry displayed open.

    Dubai gold market located in one of the narrow alleys in the old district of Deira, a region that any visitor should be able to easily locate.The first visit to this market to be more surreal than you can possibly imagine to be.

    As Westerners, we are more or less used to Joe closed and air-conditioned shops, and also, if that has been your experience with shopping in the past, then you’re in for quite a surprise.

    Dubai Gold market is more or less on the open-air market, consisting of jewelry stores more than 300. Thereby ensuring that you organize a visit to this market accordingly. It will take some time to shop through the window all. Jewellery displayed includes usually bracelets usual, amulets, good luck charm, necklaces, pendants, and even bracelets odd foot.

    But this is also the place where you can buy gold in the form of an alloy as well, but keep in mind that like every other market in the world, could find shady dealers here also (and not so much from my experience though). There have been cases of artificial gold sold to the client as the real McCoy, so make sure that while you’re buying your items, to watch for the trademark symbol, circle encircling

    Could be the best time to visit the markets late afternoon, when the sun will not be too harsh on the skin. If you have taken residence in a hotel on the beach, and then be glad you to know that these hotels offer their guests a free shuttle bus ride to the markets of Deira, such visits generally take place in the afternoon. You can shop till here after dark, as most of these stores are usually open until 10 pm, as most tourists seem to go to these stores only after the sun set.

    Home (and larger) attraction of the gold souk in Dubai during any other market is the low price that accused over there. Compared with markets in other places, such as, say, Europe, and the price is lower here by up to 60%! This is crazzzzyy! Now this is something, and that we can brag to our friends and family anywhere in the world.

  • Dubai Gold Souk, your Tourist destination in Dubai

    Dubai Gold Souk, your Tourist destination in Dubai

    Dubai Gold Souk
    Dubai Gold Souk

    Dubai’s famous Gold Souk is one of the markets in the emirate the most attractive desert (traditional markets). Located in the heart of the commercial city of Deira, and adjacent to the market on the north side of the Deira Corniche, Dubai fish and vegetable market. Dubai Gold Souk mesmerizing contains more than 300 fine jewelry retailers of excellent quality. Dubai Gold Souk Has been evaluated that contained about 10 tonnes of gold in the market at any given time.

    Market development is breathtaking in the beginning in the 1940s and free trade policies in Dubai lure entrepreneurs from countries such as Iran and India to open facilities there. Today Dubai Gold Souk is recognized captivating and one of the sites in the world’s premier gold buyers. Gold dealers alike and customers from around the world gather in the exotic Dubai Gold Souk.

    For the first time visitor in the market is a truly captivating sight with many vast gold jewelry of every description.

    In addition to that found diamond, platinum and silver in some cases articles in the Souk. Jewelry current market include jewelry retailers prestigious like ARY , Joy Alukkas , Damas Jewellery and Shyam addition to many smaller-scale sellers.

    Due to the lack of relevant taxes in Dubai, and jewelry available at incredible prices really compared with other parts of the world. Of course, prices vary from the items on the workmanship that has gone into this particular item.

    The diversity of products offered can seem bewildering, with materials such as necklaces, earrings, bracelets, rings, brooches and many others are available. Available designs include modern as well as conservative and traditional, antique jewelry, strong and accurate designs can be found here. The different colors such as yellow gold materials, white and pink entice the visitor. Because the government imposes strict regulations on the quality of goods available, buyers confirmed that they will get real materials. However, the practice is to haggle and bargain with vendors for the best prices in Dubai Gold Souk.

  • What You Should Know Before Trading Gold

    What You Should Know Before Trading Gold

    What You Should Know Before Trading Gold
    What You Should Know Before Trading Gold

    Regardless of whether you’re a beginner or a skilled in the area of ​​financial investment, then you’ve probably learned about social approval of gold as a safe haven for investors. In this article, I will mention some more facts that you should know if you are planning to start trading in Gold trading.

    Gold has provided a substantial basis in the economic market for quite a number of decades already. Implemented in the system. Until recently, gold was used as a tool for buying and selling products. But for being a key element to create jewelry and gold was also some applications in fields such as medicine, electronic, dentistry, etc..

    While still a traditional way of Dubai’s gold trade is happening today, there were some developments in the system that has made the process easier for investors trading. There are a large number of owners of gold and put it in the form of bullion coins to guard themselves against economic uncertainty. Traders use special pads provided by brokerage firms and market access. In this case, the driving force behind the gold price from the supposed position. Exercise of the gold trade is very similar to that of foreign currency trading, but there are a few advantages.

    In the gold trade, traders constantly evaluate patterns of the price of gold. Like the currency, gold dealer buy when prices are low and when you sell at high prices. Online trading eliminates the legwork of having to acquire and maintain the gold. Instead, the trader uses the platform provided by intermediaries to monitor price movements and execute trades for him.

    At this stage, before you jump to the gold trade, we realize that there are some things you need to learn in the beginning. Supply and demand are not only factors that should be taken into consideration. You should also take into account economic performance, debt, currency debasement and other factors. Amazingly, the price of gold increased significantly in times of financial uncertainty and economic.

    Even now consider that you have learned everything you need to start trading, it is important that you have to decide on the sound currency broker for trading with gold. Make sure you put the credibility of the broker at the top of your list when you make a decision. Can your Forex broker manner make or break your success trading even take the time to evaluate until you’re sure that you have the most suitable one.

  • Stability of gold amid limited gains for European shares

    Stability of gold amid limited gains for European shares

    Stability of gold amid limited gains for European shares
    Stability of gold

    Stabilized gold prices little changed on Tuesday as rising European stock markets and the dollar’s decline, but the moves came with limited continued closure of markets New York because of Hurricane Sandy and such U.S. jobs report to be issued later this week and is an important indicator for the world’s largest economy.

    The precious metal got some support from the rise in European stocks – which in turn got support from reports of PE. U. Pe. S welcomed by investors – and the euro after data showed the Spanish economy contracted at a rate slightly less than expected in September.

    By 1900 GMT gold price rose only 0.6 cents to $ 1709.86 an ounce, while U.S. gold futures rose for December delivery $ 3.40 to $ 1712.10.

    But the precious metal is still on his way to incur its first monthly loss since May with fading impact of monetary stimulus plan to the Federal Reserve (the U.S. central bank), which could raise inflation and keep interest rates under pressure.

    Prices were recorded the highest level in 11 months when more than 1795 dollars in October after the announcement of monetary stimulus plan, but resumed their decline after failing to breach the $ 1,800 level.

    Due to link the size of the labor market safety program, the U.S. jobs report on Friday could affect the range.

    It is expected, according to a Reuters poll that the economy has added 125 thousand jobs last month, but with the unemployment rate rising to 7.9 percent from 7.8 percent the previous month.

    The spot price rose for silver, 0.16 percent to 31.81 dollars an ounce, while platinum rose 1.3 percent to $ 1549.99 and palladium 1.25 percent to $ 593.22 an ounce

  • Gold settles near 1710 dollars on worries about global growth

    Gold settles near 1710 dollars on worries about global growth

    Gold settles near 1710 dollars on worries about global growth
    Gold settles near 1710 dollars

    Gold prices steadied near 1710 dollars an ounce on Monday as supported concerns about the prospects for global growth demand for the precious metal as a store of value, but losses of financial markets generally limited gains.

    Analysts said the resilience of gold above $ 1,700 an ounce, who has repeatedly touched last week reassured buyers who feared a larger correction after the metal fell to its lowest level in more than six weeks at $ 1698.39 on 24 October.

    But the metal struggled to get momentum on Monday with falling share prices and global commodities as cast weak corporate results a shadow on the outlook for growth as investors prepare for the repercussions of a strong U.S. Hurricane.

    The spot price fell to 0.1 percent went to $ 1709.30 an ounce by the time of 1157 GMT, while the fall in the price of gold in U.S. contracts for December delivery $ 1.90 to $ 1709.90 an ounce.

    The price of silver dipped Spot 0.8 percent to 31.75 dollars an ounce, while platinum fell 2.1 percent to $ 1537.75 and palladium rose 1.4 percent to $ 590.47 an ounce.

  • Rising dollar limits gold gains globally

    Rising dollar limits gold gains globally

    Rising dollar limits gold gains globally
    Rising dollar limits gold gains globally

    Gold rose on Monday, after the data raised the U.S. economy metal price in the previous session, but gains may be limited by the rise in the U.S. dollar, and continued worries about Greece’s debt problems and the possibility of providing assistance to Spain.

    Gold received slight support, on Friday, after data showed improvement in U.S. economic growth in the third quarter of this year, where a late surge offset consumer spending after the first decline of investments in more than a year.

    The price of gold rose 4.24 dollars an ounce to 1715 dollars, remains much lower than the highest level in 11 months when exceeding 1795 dollars per ounce in early October, the highest level ever 1920 dollars struck in September last year.

    And increased U.S. gold contracts for December delivery $ 3.80 an ounce to $ 1715.70.

    The price of silver rose in online transactions six cents to 32.05 dollars per ounce.

    Platinum fell 17 dollars to 1553 dollars per ounce, while palladium lost half a dollar at $ 598.50 an ounce.

  • Gold Price In UAE Down 4 AED IN Week

    Gold Price In UAE Down 4 AED IN Week

    Gold Price In UAE Down 4 AED IN Week

    Achieved a new gold price declines, yesterday, ranging between 1.75 and 2.25 dirhams per gram in various calibres priced compared to the end of last week, according to the declared prices in the markets of Dubai and Sharjah until yesterday afternoon.

    The new dips, which contributed to the sales promotion, according to dealers in Dubai and Sharjah, as a continuation of a limited slip achieved gold prices last week reached AED 1.75, bringing the total declines during the two to four dirhams per gram.

    The price of a gram (24) carats, yesterday 0.209 dirhams, down 2.25 dirhams for the end of last week, while the price of a gram (22) carats to 196.75 dirhams, down Darhamin, and the price of gram (21) carat 187 dirhams, down Darhamin, while the gram (18) carats 160.25 dirhams, down 1.75 dirhams.

    The director of the shop «Jewelry Vienna», Issam Haddad, said that «this week saw the return of sales activity significantly», and went on: «increased sales 20% compared to last week, due to several factors, most notably declines new this week, along with the growing the sale to tourists, with the recovery movement tourist groups from various countries, including visitors and participants in the exhibition (GITEX), who took refuge in some of them to buy gifts gold to their loved ones in their countries », adding that« the approaching Eid al-Adha contributed to stimulate sales with the start members to buy gifts during the current week.

    For his part, the Director replace «jewel Baghdad» to trade jewelry, ruled Lord, that «undo the additional achieved gold prices during the second week in a row restored activity to markets at rates significantly compared to last week, even though they did not report activity rates itself in August past, pointing out that «if prices continued at levels comparable to current levels or less, it is expected to achieve good sale rates such as Eid al-Adha.