Tag: Gold In UAE

Gold Price In UAE Down 4 AED IN Week

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.

October 19, 2012
UAE third in the world in the export of “gold bullion”

The Ministry of Foreign Trade, the UAE is one of the most important main actors in the international market for foreign trade gold bullion where acquired 7 .11 per cent of the international trade of gold bullion during the period of the “2007 to 2011” ..

And ranked third in the world for the most important countries for importing and exporting gold bullion during 2011 the value of / 1 .17 / billion / 9 .17 / billion dollars respectively.

The ministry said in a report released today on the development of UAE foreign trade of gold bullion / 2007-2011 / .. Switzerland and Sudan preparing one of the most important countries exporting to the UAE gold bullion during 2011 the value of / 2 2 / billion / 976 1 / billion respectively ..

Noting that the percentage contribution African market in the share of imports Emirates of gold bullion amounted to / 43 / per cent which underlines the importance that market to cover imports Emirates of gold, which requires the support of UAE investments in expansion in exploration and production in those markets in particular and the world in and focus on marketing to this الاستثمارت through posts and the establishment of specialized exhibitions and conferences so.

The report also pointed out that the UAE exports of gold bullion facing highly concentrated in two states, India and Switzerland, the percentage of exports to the two 71 percent of the UAE’s total exports from India during the year 2011 ..

He affirmed that it is concentrated in the export market for gold bullion and carries risk export ratio, which requires search for new export markets especially the Thai market and the U.S., Canadian and Turkish.

The report pointed out in this connection that the value of imports of Thai market of alloys of the world amounted to 2/16 / billion dollars in 2011, including imports from the UAE worth / 438 / million covering three per cent of the Thai imports from India .. Stressing the need for a specialized promotional missions to discuss the requirements of these markets and how to raise the proportion of the contribution of UAE exports to gold bullion.

The report also pointed out that India is a major importer of gold bullion at the global level through 2011 and covers the UAE more than a third of Indian imports of gold bullion in 2011 .. Formed Hong Kong’s most important exporter of gold bullion at the global level through 2011.

October 7, 2012
Gold at forefront of imported goods in UAE

Gold at forefront of imported goods in UAE

Explained the Federal Customs Authority that preliminary statistical data during the month of February of this year showed that the gold came in the top of the list of goods that are imported $ 8.4 billion dirhams ($ 2.28 billion), followed by diamond $ 3.4 billion dirhams, then cars worth AED 2.9 billion, jewelry worth 2.3 billion dirhams

And occupied as well as top goods were exported to overseas in February 2012 $ 6.4 billion dirhams, followed by polymers of ethylene and copolymers of propylene in primary forms $ 1.7 billion dirhams, and jewelery and parts thereof valued at 234 million dirhams, and petroleum oils and other value of AED 231 million.

The Authority indicated that the diamond came at top goods that have been reexported in February 2012 worth 3.4 billion dirhams, then ornaments and jewelry and parts valued at 1.4 billion dirhams, and cars worth 1.2 billion dirhams, then telephones billion dirhams. The Commission stated that total value of trade markets and free zones in country during month amounted 1.2 billion dirhams.

This comes at a time which amounted to an average increase of imports during the month 8%, rising value country’s imports of nonoil 45.9 billion dirhams in February 2011 to 49.5 billion dirhams in February, an increase of 3.6 billion dirhams. While the value reexport 15 billion dirhams during the month.

September 24, 2012