Buying gold in Abu Dhabi is still great in spite of the stability of gram 22, 21 and 18 at 125 and 114 and AED 96 respectively since the beginning of last week, the prices where still many buyers are betting on a new price declines coming period, while the UAE and Sudanese nationality Most Wanted to buy.
Gold dealers in Abu Dhabi that the prices of the yellow metal still encouraging the purchase, especially after prices fell dramatically as increasing the attractiveness of the acquisition on the part of the consumer audience for the precious metal.
They predicted that prices will continue to decline over the next few days, pointing out that the gold market in Abu Dhabi has achieved during the past few days an unprecedented increase in sales and reached a ratio of 200% in the majority of stores.
Gold traders said that demand is growing on the goldsmiths 24 carat gold bullion in order to compactness and investment.
Buyers confirmed that prices are still encouraging the private purchase, as traders anticipate that the movement is growing more buying end of the month, regardless of the salaries of staff in August.
Sohrab sales to the island Jewelry manager surprised by the overwhelming response of the citizens and residents to buy gold in Abu Dhabi since the beginning of Eid al-Adha last. He stressed that the demand for buying gold in Abu Dhabi until yesterday still good, pointing out that the last ten days fell slightly turnout compared to the Eid al-Fitr period which saw a turnout is unprecedented to the extent that our sales have doubled nearly three Mrat.onoh to the large demand for gold is due to several reasons. First Gold prices fell globally in addition to the decline coincided with the Eid al-Fitr and the exchange of employees in public and private institutions, the salaries of staff early before the Eid, which doubled from acquisitions.
Mustafa Kamel sales official on the island for jewelry shows that the gold market Shops in Abu Dhabi until yesterday still experiencing a remarkable turnout. He said the Abu Dhabi live golden days for the sale of gold is currently declining turnout was very limited in the past days to buyers believe that prices continuing to fall may decline further in the coming days and we expect to increase sales with a staff exchange for the salaries of the month of August. Mustafa Kamel noted that the sales increase included all types of gold all adding gold bullion pointing out that gold jewelery sales exceed bullion sales, is still where the majority of citizens and residents prefer goldsmiths, whether for gifts or compactness.
He points out that gold prices are still encouraging, largely for the purchase of pointing out that the price of gram 22 carat arrived during the past few days AED 125 compared to 150 dirhams last year and a 21-gauge record AED 114 for AED 135 and 18 carat record yesterday AED 96 for AED 115 last year, as gold bullion fell 100 grams a class of 14 thousand and 500 dirhams to 13 thousand and 200 dirhams is expected to continue to decline in the coming days.
The gold dealer Mohammed Nader logo Director Samer Jewelry in the gold market in Abu Dhabi confirms that gold prices will continue to decline over the next few days explaining that this decline is due to several reasons, most notably the decline in the cost of gold extraction in addition to the decline in oil prices and the continued strength of the dollar.
He said he expected a big wave of buying again later this month with staff salaries as well as another wave ahead of Eid al-Adha with the expectations of the employees’ salaries regardless early also.
Mohammed Nader logo and notes that the majority of the gold market Shops in Abu Dhabi unprecedented sales achieved during the past few days indicating that sales doubled twice or three times at least. He points out that purchases significantly increased the gold bullion special alloy of hundred grams and fifty grams category, pointing out that the majority of shops were selling day between 100 to 200 alloy while before Eid al-Fitr was not selling only alloy one day. He said the demand was too great in all are impressed and so if gold is still the overwhelming love Aktnazh them to achieve better profits compared to capital markets or real estate.
It is noteworthy that gold prices are stable in Abu Dhabi on the decline since about a week after a significant decline over the more than two weeks and all estimates indicate that the Abu Dhabi market will witness another wave of heavy buying by the end of this month, in light of expectations of falling prices confirm more.
The servant of the Lord Almarba official Rmaizan sales makes it clear that the dominant feature of buying gold during the last period on the Abu Dhabi refers to a big jump in the purchase of 24 carat gold bullion, which confirms that the procurement processes in order to compactness and investment. He notes that his place is not trading in bullion, but a specialist in the UAE and Bahrain and Kuwait and Saudi Arabia, goldsmiths, pointing out that the demand for these artifacts significantly increasing because of the splendor designs we have recorded the proportion of increase in sales during the last period, including at least 200% compared to the same period last year. or by falling prices.
Salem Salem al-Awlaki director Shuaibi Jewellery Store said that say drop the demand of the citizens and residents to buy gold last week not right, pointing out that his shop and the majority of shops in the gold market in Abu Dhabi continues to receive daily many of the purchase orders. He said just after the Eid jumped our sales by more than 100% and currently no less sales for 90% and the market refreshed dramatically and sales operations take place in full swing day and night without stopping because some buyers are skeptical that gold will rise again and prefer to purchase today before tomorrow.
