dubaigoldrates

Tag: Dubai Gold and Commodities

  • Rising Of Gold Prices In Dubai

    Rising Of Gold Prices In Dubai

    Rising Of Gold Prices In Dubai
    Rising Of Gold Prices In Dubai

    Gold rate in Dubai today rise between 0.75 and 1.25 dirhams per gram of gold for various calibers gold carats , according to gold prices today on the Dubai Stock Exchange Gold and Commodities.

    Scored 24-carat gold 309.53 dirhams and 22 carat 197 dirhams and scored 21 carat 187 dirhams average height capacity of between 0.75 and 1.25 dirhams.

    Said Ali Yafei Shop Director «Basalt Jewellery» that the decline in gold prices in Dubai during the three-day final did not contribute to the revitalization movement sales, which in a state of decline for three weeks, where he said dramatic reductions Did not even contribute to the revitalization process of buying gold again, but led rises to the direction of many consumers to take advantage of rising prices and sell gold jewelry.

    Yafei add that the other reasons that supported the lack of sales that declines witnessed gold were not extent large that push consumers to purchase again in addition to waiting for the consumer to gallery watches and jewelry in Sharjah during the first week of October to take advantage of offers and discounts offered by companies as well as the approach of Eid al-Adha, which he hopes will restore traffic to the gold market again.

    Awad Gabry sales manager in place of «Jewelry faith» adds that the decline of gold sales in the UAE and the increasing popularity of selling old gold in the face of rising gold prices, adding that traders are watching now festival (Diwali), which commemorates the residents of the followers of the two religions Hinduism and Sikhism buying gifts, the most important of gold in addition to the approaching Eid al-Adha, which is expected to witness a rise in sales to offset the decline Alambat over three weeks.

  • $ 35.8 billion trading «Dubai Gold and Commodities» in July

    $ 35.8 billion trading «Dubai Gold and Commodities» in July

    Dubai Gold and Commodities

    Dubai Gold and Commodities succeeded in the registration of a total of 965.6 thousand was held in July this year, totaling $ 35.8 billion, representing a trading volume record for the fifth consecutive month.

    And contributed to trading in July, which saw an increase of 9% on trading last June, in enhancing the volume of trading in the stock market since the beginning of the year to date to more than 4.8 million contract, an increase of 179% over the same period of the year, 2011, which witnessed a circulation of more from 1.7 million contracts.

    Continued to gold and rupee futures strong performance in the Dubai Gold and Commodities, achieving an annual growth rate of 211% in the volume of trading last July, as the volume of currency contracts in July last by 223% from last year to about 897.9 thousand contract, and the Indian Rupee futures in the Dubai Gold and Commodities are the mainstay of growth of currency once again, recording an annual increase by 263%, of which 892.3 thousand held during this month, and for contracts for other currencies, witnessed decades, the Australian dollar and Swiss franc futures grew by 49% and 24% respectively compared with last June.

    For its part, seen gold futures contracts in Dubai Gold and Commodities, high annual growth rate of 104%, bringing the number at the end of the month to 55.3 thousand a decade, as the number of gold futures contracts since the beginning of the year to date to 312.7 thousand a decade, an increase of 11% over the same period in 2011.

    The chief executive of the Dubai Gold and Commodities, Gary Anderson: «sought Dubai Gold and Commodities actively during the first half of 2012 to enhance liquidity and increase the size of the contracts the main, through changes to the contracts and encourage market makers to provide the best prices, and encouraged us to increase the volume of trading that we have achieved as a result of these initiatives, and keep searching for new products and services that will, in addition to our stand sophisticated new technology, to provide better support to the needs of hedge and investment to a wide range of market participants in the region ».