UAE Gold prices yesterday between 2.75 and 3.5 dirhams per gram in various carats, compared with UAE gold rate last week, according to the gold price indices until yesterday afternoon, in the markets of Dubai gold souk and Sharjah gold market.
According to officials of shops trading gold markets in Dubai and Sharjah, that sales saw a decline ranged between 10 and 15%, due to lower demand dealers to acquire the yellow metal this week, after the end of celebrations «Holiday Birth», which contributed time to raise sales by as much on average to 30%, supported by the decline in gold prices two weeks about five dirhams per gram.
The price of a gram gold (24) carats 201.75 dirhams, an increase of 3.5 dirhams by the end of last week, while the price of one gram of (22) carats 189.75 dirhams, an increase of 3.25 dirhams.
The price of a gram (21) carat 180.5 dirhams, an increase of 3.25 dirhams, and scored gram (18) carats 154.75 dirhams, an increase of 2.75 dirhams.
The official said sales in the shop «palm Jewellery», to trade gold, Samir Ali, said that «outlets saw this week the return to calm and slow in demand for purchase by consumers, after celebrations (festival BC), which was caused since mid- December elapsed stimulate sales in varying proportions, pointing out that «the high prices this week contributed to a decline in sales, representing an estimated 10%».
For his part, responsible for sales in the shop «Romaizan» for jewelery and gold jewelery, Mahmoud Abdul Ilah, that «several factors caused the decline in sales during the current week, most notably providing dealers financial allocations, to enroll their children season new school next week, in addition to high Gold prices 3.5 dirhams per gram, as well as the end of most dealers to buy gifts during the past two weeks, as record gold during which the decline in prices of five dirhams, prompting traders time to take advantage of lower prices to buy gifts or wedding accessories.
Furthermore, an official said sales in the jewelry store «Design that», Asim Ali, said that «this week saw slower sales as a result of higher gold prices, and declining turnout dealers after buying gifts Holiday Christmas and New Year», indicating that «sales fell percentages ranged between 10 and 15%, compared to last week.
