Achieved the gold price rises, yesterday, ranging between 5.5 and 6.75 dirhams per gram in various carats, compared with the gold rate in UAE late last week, according to the stated price indices in Dubai and Sharjah markets until yesterday afternoon.
According to officials of shops trading gold in Dubai and Sharjah that large hikes in the price of gold contributed to the decline in sales at rates ranging between 30 and 60% in various outlets this week, as noted a significant increase in demand for sale jewelry used by consumers compared to last week in light of trend of consumers to take advantage of differences large increases in the price of gold.
And reached yesterday, gram 24 carat 204.75 dirhams, up 6.75 dirhams for the end of last week, while the price of a gram 22 carat to 192.5 dirhams, an increase of 6.25 dirhams, and reached gram 21 carat 183.25 dirhams, an increase of six dirhams, while the gram 18 carat 157 dirhams, an increase of 5.5 dirhams.
The director of the shop «Basalt» Jewellery, Ali Al Yafei, we «are currently witnessing a decline in sales by an estimated 60% compared to last week», pointing out that «in contrast witnessing outlets rose growing in popularity to sell jewelry used by consumers to take advantage of the significant increase in Gold prices.
He added that «the assignee is now buys ranging between three and four kilos of gold user per day with a high demand for sale, and the growth of an estimated 50% compared to the movement of Sale (user) last week», pointing out that «the factors that contribute to increase the sale of artifacts used number of asylum dealers to sell jewelry in preparation for the new school season.
For his part, drew official sales in the shop «Romaizan» Gold and Jewellery, Mohammed Alesayi, to «drop in sales grew by almost 30%, over the weekend, especially after large hikes in the price of gold, which accompanied the start of the school year which witnesses often slower in sales, pointing out that «there is a difference in turnout in Sharjah and Dubai to sell jewelry used during the current period.
In turn, the Director of Sales at the place of «Jewelry faith» to trade jewelry, Awad Al Jabri, that «sales saw a decrease of 50% with large increases experienced by gold prices finally, which exceeded six dirhams per gram», pointing out that «unit decline in sales vary between sales outlets, but the overall situation is witnessing sluggish sales compared to a growing demand for selling used jewelry from Arab and Asian consum
