Tag: Dubai Gold

Dubai Gold Rate Declines Up To 3.5 Dirhams Per Gram

Dubai Gold Rate Declines Up To 3.5 Dirhams Per Gram

UAE Gold prices fell ranges between 2.75 and 3.5 dirhams per gram in various gold carts, compared to UAE gold prices last weekend, according gold rates in Dubai gold prices and Sharjah gold markets until yesterday .

Officials gold shop trader in Dubai and Sharjah that the declines in prices over the week is more influential in the Gold market compared to rates decline during the past week, which did not exceed one dirham per gram, that the decline in prices to support sales growth rates is limited.

The price of a gram gold 24k 202.25 AED, a decrease of 3.5 dirhams by the end of last week, while the price of one gram 22k to 190 dirhams, a decline of 3.5 dirhams.

The price of a gram 21k 180 dirhams, a decrease of 3.25 dirhams, while the price of a gram 18k 155 dirhams, a decrease of 2.75 dirhams.

The director of the shop «Basalt Jewellery», Ali Al Yafei, said that «decline in prices during the current week to support sales activity for our rates is limited, and reached ‬ 10%», adding that «decline in prices was a contributing factor in motivating consumers, especially Arabs and citizens who preparing for the establishment of their joys during this period of the year, to buy jewelry, but did not succeed in achieving the required activity in sales, due to continuing fears some dealers of price instability as a result of volatility’s rapid gold Finally, reaching high levels since the middle of this year ».

For his part, Director of Sales at the place of «Jewelry teller», Abdullah Mohammed Ali, he «despite the decline in sales rates relatively large during the current week, but sales grew at rates is limited, so with anticipation Most dealers further declines could nearly the same price limits during the first half of the year.

He added that «most traders rely on season celebrations (Christmas) and New Year’s Day, which is expected to raise the sales starting from mid-month to finish well proportioned», adding that «most transactions this week focused on works of the caliber ‬ 21 carats, from by Arab traders in particular.

In turn, according to official sales in the shop «Jewelry Design The», Asim Ali, that «decline in prices this week was of positive signs that have contributed to moving the sales, albeit at rates limited, but is not a powerful engine to stimulate sales a great extent, with continuation of the fact that gold prices in the already high rates do not encourage customers to buy it, pointing out that «New Year celebrations through the end of this month is expected to contribute to make good gains in sales of local gold markets.

December 7, 2012
Gold Rate In Dubai

Gold Rate In Dubai

Gold rate in Dubai change by hourly depending on Dubai Gold & Commodities Exchange ,Dubai gold shop often fixed gold rate twice daily if there is no much change for gold rate , It’s no secret that the gold rate in Dubai is high and going still higher. Investors often come to Dubai to buy gold at a very low price which importing a lot of gold from India. Along the Mall called Dubai Gold Souk .

There are many merchants selling a full range of objects of gold and jewelry. Competitive here gold shops and a certain amount of bargaining is part of the sales process.

This is the country that are interested in buying gold can get the best deal. Can either gold from the country can be purchased in person at Dubai Gold Souk, or purchased from a broker. Gold can also be located at the airport. But to say that the views of customer service at the airport is not good. There is not likely traders and bargaining. It is recommended that you purchase in the Dubai Gold Souk.

Factors such as supply and demand, political crisis, economic crises and the impact of speculative artificial Dubai gold rate. The fact that this country does not impose import tax on gold is, perhaps, is the most important factor.

Gold is still readily available,to reach a decision if you are going to provide some or just allow the opportunity to pass is a question that touches on the financial emergency.

You can see live Gold Rate In Dubai by local currency or Gold Rate In Dubai in Indian Rupee from Here

November 21, 2012
Gold prices rise again and the Gram climb 3 dirhams

Gold rate in UAE record yesterday, new highs in prices, ranging between 2.5 and 3.25 dirhams per gram in various calibres, compared to prices last weekend, according to the stated price indices in Dubai and Sharjah markets until yesterday afternoon.

With the recent weekly increase, was the outcome of price rises since the end of the first week of last September about 14 dirhams per gram.

Gold trader in Dubai and Sharjah said that the new highs in gold prices contributed to the increased sales slow sharply, especially after large cumulative gains witnessed by gold over the past weeks,explaining that contributed to rises in carrying a number of shops large losses are counting on compensated during the Eid al-Adha next, with limited activity in the market today on the sale of used jewelry.

24 carats gold rate yesterday 213 dirhams,up $ 3.25 dirhams for the end of last week, while the price of a gram (22) carats to 200.5 dirhams, an increase of 3.25 dirhams, and the price of gram (21) carats 190.75dirhams, an increase of three dirhams, while (18) carat 163.5 dirhams, an increase of 2.5 dirhams.

The director of sales in shop «Jewelry faith, Awad Al-Jabri, said that« new increases in the price of gold contributed to the increase in unit decline in sales, which reached this week only 60% compared to last week »

Indicating that «the continuous decline in sales during the past four weeks, shares carrying a number of traders mixed losses as a result of the scarcity of sales, which make most traders are hoping to compensate their losses during the next Eid al-Adha .

In turn, said sales manager in Shop «Jewelry Alujain», Ahmed Abbadi, said that «the slow sales in the markets continued to rage this week in the continuing high prices continued four weeks ago, punctuated by sales simple to tourists and participants and visitors to exhibitions (Cityscape) and (GITEXSchober) meetings held in Dubai.

October 6, 2012
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.

September 29, 2012
Gold prices in UAE rises 3 Emirates dirhams per gram

Gold prices in UAE rises 3 Emirates dirhams per gram

Gold prices in UAE rise again for the third week in a row between three to four dirhams per gram of various carats of gold according to the prices of gold in Dubai and Sharjah today with Compare gold prices for the last week and which Exceeded 12 dirhams over three weeks

The officials gold sales in Dubai said that rising gold prices in the past week has had a major impact on the movement of gold, where sales dropped by nearly 60 percent with limited movement on the sale of old gold by consumers.

The price of a gram of gold in the UAE today (24) carats 210.75 dirhams, up 3 dirhams from last week, while the price of a gram (22) carat 198.5 dirhams, scoring gram (21) carats 188.75 dirhams, and the price of gram ( 18) carats 161.20 dirhams.

Says Abdullah Mohammed Tuhami sales manager in place of «Jewelry teller» Trade jewelry that increasing gold prices in the UAE for a third week may have contributed to the lack of sales and the decline of up to about 60% compared to last week explaining that the rise in gold prices in the UAE for more than 12 dirhams to pay some consumers to resort to selling gold Jewelery to take advantage of current high gold prices.

On the other hand, said one gold dealers in Dubai gold market that most gold traders await improved the situation and preparing for festival (Diwali) Indian, which resolves after about a month, which exceed the sales of gold and buy gifts, which may contribute to the increased gold sales Emirates during that period, especially with coincided with the Eid al-al-Adha

September 22, 2012
High purity raises the demand for gold Dubai

Ruled Vice President Gold and Jewellery Group in Dubai Chandu Siroya affect recent rises in the price of the yellow metal globally rates domestic demand in both on the class gold ore in the form of bullion or coins or «break» dedicated to export, or for gold jewelry, which accounts individually to about 60percent of gold sales in Dana.

He said that gold prices recorded consecutive rises since the beginning the the year, which inspires confidence in investment.

Gold achieved considerable price jump in the past week to the price of $ 1,650 an ounce in average of (more than 6,000 dirhams), an increase of up to about 5 percent since last May, after the beginning exaggerated for gold prices, which reached to about 1750 dollarsounce touched the limits the $ 1,800 several times in the beginning the the year.

He told «Economic Vision» to the great demand for gold jewelery in Dubai markets due to the diversity of the exhibits it, and the degree of purity and high competitive price compared to markets around the region, pointing to the significant impact of strong demand from Indians living in Dubai for gold jewelry.

Said that, contrary to what may seem the appetite consumers of the yellow metal in Dubai and the UAE in general respond positively to the rise in world prices reflecting the strength of a savings and investment tool.

He pointed out that gold consumers investment pool often prefer to wait while gold prices are rising significantly to ensure the seriousness and stability wave prices before they decide to initiate purchase.

He pointed out that the positive outlook on the feasibility of investing in gold was behind the increased demand in the recent period, whether by individuals or institutions, where he succeeded over the past years to achieve sustainable returns and stable to its investors, and took his place as an ideal way to invest and savings including attracted even small individual investors.

And about the major challenges facing the retail sector in Dubai, said that the sudden price change was and still is the greatest challenge facing the industrythe especially in the gold ones, which rely sales mainly on the tourists coming to Dubai and resident Indians.

He pointed out that the most important challenges faced by the gold trade in Dubai, controls developed by India, finally, which imposes the collection of taxes on gold carried by travelers to India, if the value exceeds a certain limit.

Indian authorities began about two months ago to impose taxes on gold worth more than 20 thousand rupees «equivalent to 1380 dirhams.

Mohammed Jamal , independent expert in the trade of gold and precious metals confirms that gold demand from all bullets and especially 24 carat, and the so-called Gulf gold increased significantly in the recent period, and the desire of consumers to seize the opportunity right price.

He pointed out that a significant gold investment activity was evident in first half of this year, given the decline in investor and consumer confidence in the investment pools or other investment such – real – and stocks.

confirm data from the World Gold Council that the consumption of the UAE gold arrived in the first quarter of this year to 19.4 tons, of which 16.4 tons in the form of artifacts, with 3 tons in the form of ingots and coins, down 14 percent from what has been consumed locally in quarter the first of – year 2011, who scored 22.5 tons, of which 19.8 tons of jewelry, and 2.7 tons bullion and coins.

As for global demand for gold during the first quarter of this year, reaching more than 1097 tons, valued at 59.7 billion dollars, issued in gold bullion investors list of the biggest buyers of gold, followed by buyers of jewelery for personal use.

August 31, 2012
Limited declines in gold prices supporting sales activity

Gold prices yesterday decline ranged between 75 fils and AED grams in various carats, compared with the rate prices late last week, according to the stated price indices in Dubai and Sharjah markets until yesterday afternoon.

According to officials of shops gold and jewelery trade in Dubai and Sharjah that decline, despite being limited, but it contributed to the continuing sales activity in various outlets, and maintained a close indicators of growth in sales achieved by the markets during the Eid al-Fitr.

And reached yesterday, gram 24 carat 198 dirhams, down one dirham for end of last week, while the price of a gram 22 carat to 186.25 dirhams, down AED, and reached gram 21 carat 177.25 dirhams, down $ 75 fils, while the gram 18 carat 151.5 dirhams, down reached 75 fils. The director of the shop «jewel Baghdad» to trade gold, ruled Lord, that «retreat gram compared to last week maintained the gains made by the markets during the Eid al-Fitr and the days that followed, reaching growth rates of sales during that period, about 30% compared to the previous week has ».

He pointed out that «the current price of gold with limited decline in the price of love, contributed to the continued sales activity in comparable proportions of their activities during the season of Eid al-Fitr.

He pointed out that «the next two weeks are expected to see sales which declined ready with a large number of dealers for the school season, with less in that period usually purchases.

For his part, Director of Sales at the place of «Jewelry faith» to trade jewelry, Awad Al Jabri, said that «this week saw stable in sales at rates growing continued since season Eid al-Fitr supported backsliding uneven in recent days in the price of gold, which stood at AED gram yesterday.

He pointed out that «market is currently experiencing also active in the sale of used jewelry, with the willingness of households to the start of the school year.

For his part, the official said sales in the shop «alayam Jewelry » Jalish Saqr , limited declines in gold prices support the stability of the market activity this week.

And that «more transaction process works this week has gold products (22) carats and (21) carats, and the ratio was mostly dealers of Arab nationalities in the markets

source: emaratalyoum

August 31, 2012
How To Buy Gold in Dubai Gold Souk

As you step into the Dubai Gold Souk and you will feel that you have entered the Fairyland made of pure gold. Scene is unique in the market is the availability of breathtaking.

And you will find people from all over the world, such as Europeans, Indians, Americans, Arabs, etc., in this Laden Dubai gold market with gold. it was rightly called the “City of Gold.”

Dubai Gold Souk – Specialties

The best thing about Dubai gold market here is that you can get the real price of gold is very low. The reason they can afford to sell gold at a low price is that they do not have to pay taxes and fees for gold. The price that will pay the price of gold and jewelry that you buy does not depend on the style but instead on the weight of gold.

However, this does not mean they compromise on the design. Will the beautiful designs and unique of its kind available there in chains, bracelets, necklaces, earrings, bracelets, rings, range of variety can be anything between traditional and contemporary, between the strong and sensitive or between complex and simple. You may be surprised to find the various gold colors is available. Can be white, yellow or even pink and green.

And you will find over 300 gold shops here in Dubai Gold Souk. If you find plain dull gold You do not need to worry. Dubai Gold Souk also offers you the jewelry made of precious stones such as diamonds is very different, sapphire, emerald, etc..

Gold which you can buy here is generally from 21 carat or 18-carat . Bargaining or haggling regarding the cost is a a common sight in this Dubai Gold Souk. And therefore, do not hesitate to bargain outrageously jewelry you purchase. Do not try to make your trip to the market in a rush.

August 3, 2012
Gold Rate In UAE Decline More Than 6 dirhams

Gold Rate In UAE Decline More Than 6 dirhams

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 ».

May 11, 2012
Dubai Gold and Commodities Exchange recorded its highest volume ever in the month of March 2012

Dubai Gold

Jumped number of contracts traded in DGCX for the month of March by 141% compared with last year, marking a significant growth rate of 550 735 contracts, representing the highest volume Monthly achieve DGCX at all, with reference to the value of contracts traded during the month of March amounted to 22.8 billion U.S. dollars.
The number of contracts traded since the beginning of the year to date increase of 126% compared with 2011 to 1545899 contract at the end of March, while the average daily trading volume increased by 152% from last year to stand at 25,033 contracts.

The rise was recorded currency contracts traded, up 197% on an annual basis, a mainstay for the growth of trading volume in the month of March. Has continued Indian Rupee futures contract outstanding performance between the currency futures contracts, marking the highest level in monthly trading volume ever by 495,153 contracts in March, an increase of 257% from last year. At the same time, the volume of trading Australian dollar futures contracts rose by 24% from last year to touch 2,150 contracts. The volume traded futures contracts denominated in pounds sterling / dollar and dollar / yen rate of 69% and 96% reported in the month of February for up to 4,376 and 1,869 contracts respectively.

In the context of commenting on these developments, said Ahmed bin Sulayem, Chairman, DGCX : “It was the main factor behind the performance standard achieved by DGCX in the month of March is the initiatives stock to enhance liquidity and increase the size of the growth of its contracts. With rising uncertainty surrounding the economic environment today, offering stock a unique platform to mitigate risks and take advantage of the volatility of currency and commodity prices. expect growth to continue trading volume of Dubai Gold and Commodities for decades precious metals, energy and currencies. ”

In terms of precious metals futures contracts, trading saw gold futures contracts a strong recovery in the month of March, it rose 34.2% from the previous month by 37,189 contracts. On the other hand, the volume of silver futures by 30% since February and until the end of March by a mere 1,057 contracts.

March 4, 2012