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 ».
