Achieved a new gold price declines, yesterday, ranging between 1.75 and 2.25 dirhams per gram in various calibres priced compared to the end of last week, according to the declared prices in the markets of Dubai and Sharjah until yesterday afternoon.
The new dips, which contributed to the sales promotion, according to dealers in Dubai and Sharjah, as a continuation of a limited slip achieved gold prices last week reached AED 1.75, bringing the total declines during the two to four dirhams per gram.
The price of a gram (24) carats, yesterday 0.209 dirhams, down 2.25 dirhams for the end of last week, while the price of a gram (22) carats to 196.75 dirhams, down Darhamin, and the price of gram (21) carat 187 dirhams, down Darhamin, while the gram (18) carats 160.25 dirhams, down 1.75 dirhams.
The director of the shop «Jewelry Vienna», Issam Haddad, said that «this week saw the return of sales activity significantly», and went on: «increased sales 20% compared to last week, due to several factors, most notably declines new this week, along with the growing the sale to tourists, with the recovery movement tourist groups from various countries, including visitors and participants in the exhibition (GITEX), who took refuge in some of them to buy gifts gold to their loved ones in their countries », adding that« the approaching Eid al-Adha contributed to stimulate sales with the start members to buy gifts during the current week.
For his part, the Director replace «jewel Baghdad» to trade jewelry, ruled Lord, that «undo the additional achieved gold prices during the second week in a row restored activity to markets at rates significantly compared to last week, even though they did not report activity rates itself in August past, pointing out that «if prices continued at levels comparable to current levels or less, it is expected to achieve good sale rates such as Eid al-Adha.
