Gold prices in Dubaisettle on the decline for a seven day with the decline in gold prices where he scored 22 carat today DH 147 in Dubai Gold Exchange
Gold prices in the UAE for Gram 24-carat DH 156.242 , gram 22 carat DH 147.23 , Gram- 21 carat DH 139 and settled gram 18 carat DH 120 .
Gold prices settle on Thursday after rising in the previous session after a seven – day decline as investors bet on continued U.S. monetary stimulus for a longer period due to the high holdings of the largest indicators powered gold fund in the world for the first time in two weeks.
The precious metal remained in the range 1306 and 1321 dollars per ounce this week as markets waited important U.S. data for clues to the date on which it will begin the Federal Reserve ( Fed ) to reduce monthly program to buy bonds worth $ 85 billion.
Investors are waiting for GDP data and non-farm payrolls data in the United States on Friday before any move in the market.
By the time of 0716 GMT, the spot price of gold up 0.1 percent to $ 1317.91 an ounce , after rising 0.5 percent on Wednesday .
In other precious metals , silver rose 0.2 percent to $ 21.82 an ounce.
And platinum rose 0.2 percent to $ 1464.50 while palladium Inn 0.4 percent to $ 758.97 an ounce
Gold Price Dubai – Gold prices rose in Dubai and Abu Dhabi, two AED during this week after falling 19 dirhams over three weeks after the rise in the price of gold according to the World Gold prices stated in the Dubai Gold Exchange.
Gold Traders in gold market in Dubai said that rising price of gold grams did not affect much on the sale, which is still on the rise not seen in the gold markets in the UAE for nearly three years
In Madinat Zayed Gold market in the capital Abu Dhabi is still turnout residing to buy gold and gold jewelery in a marked increase as recorded most of the gold shops in Abu Dhabi nearly 40% rise in gold sales compared to the same period last year.
Gold Rate today in Dubai for 24K was 146 AED and 22K was 138 AED and 21K record 131AED
Dubai is biggest gold trade center in the Middle East.
The return of gold prices to rise before yesterday did not significantly affect the movement of the demand for purchase, especially with the achievement of gold declines varied during the week, Said Ammar al-Abadi director of gold shop in Dubai .
He pointed out that «the presence of tourist groups Gulf in Dubai at the moment to spend the summer holidays, contributed to the increased sales of gold shops for tourists from jewelery, especially with the excellence displayed in Dubai markets, specifically what makes the Gulf keen to purchase of the emirate».
The attractiveness of the current price of gold to support the growing demand dealers to buy jewelery now», pointing out that «elevations Ltd which sometimes occur do not affect the sales, which increased by about 40%, finally, backed purchased residing and tourist groups.
Gold prices in UAE recorded a significant decline between five to seven AED per gram in the first trading day Saturday compared with the previous week’s rates according to gold price in Dubai Gold Exchange
Gold rateof 24K today 147 AED down 6.5 AED from the end of the previous week, while the price of 22K record 139 AED down at six AED, and 21K to 131.75 AED down five dirhams for the end of the previous week, while 18K record 113 AED down five AED.
Gold price has fallen in early trading yesterday to levels of less than $ 1,200 an ounce, but returned for remote after presence of purchases from the market, pushing gold prices to rise slightly, but still at low rate since three years.
Further gold record declines at rates significantly, during the past two weeks, has contributed to raising the sales of gold jewelery at rates exceeding 25%, compared to rates of turnout lower in the products sector bullion and gold coins as a result of watching the number of large dealers in these new quality declines, especially in the wake of the unexpected decline gold rates achieved by gold during the past three months, Said Jenic Rajbawar director of the shop «Vavor Jewellery»
Decline achieved gold prices during the past two weeks, was a factor activator of markets, after a slow sales witnessed by the end of last month, and until the middle of the month June, a result of preoccupation with some dealers at the end of the school year examinations of their children, in addition to travel some to spend the summer holidays », adding that« the continuing decline in prices supported sales growth rates of up to 30%, is expected to continue sales growth, if survival rates when rates are close ,said sales in the shop «Atlas of the gold and jewelery trade»
The current price of gold is at least nearly three years, which makes it suitable for clients, both in terms of buying jewelery for decoration or to invest across the bullion and gold coins», pointing out that «the last two weeks have seen sales growth rate of up to 30%, concentrated mostly in the works, especially in 22K, and 21K, for clients of Asian nationalities, said Yasser Mohammed sales in the shop «Romaizan Gold and Jewellery»,
He pointed out that over the attractiveness of current prices to customers, they come after Gram low price about 27 dirhams during the past two months, with total declines over the past three weeks, 19 AED
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.
GOLD rate in Dubai today Stable at the same gold rates during this week with the stability of the global gold prices and GOLD rate in Dubai today records
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 UAEand 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.
Gold rate in UAE rises more than four dirhams per gram on average gold prices for various different gold carats in one week , according to Gold prices in Dubai and Sharjah today.
Gold traders in Dubai said that gold prices in the UAE witnessed high capacity nine dirhams within two weeks due to increased world gold prices, prompting gold sales to drop between 40 and 60% this week, has also resulted in the case slow seasonal after the return of the study in the United Arab Emirates and the return Residents of holidays, to decline selling gold jewelry.
One of the dealers said that the increase in gold prices pushed gold many to resort to selling gold and take advantage of the current gold prices.
The price of a gram (24) carats 208.90 dirhams, up 3.75 dirhams for the end of last week, while the price of a gram (22) carats to 191.75 dirhams, an increase of AED 3.25, and the price of gram (21) carats 182.25 dirhams, up AED 2.75, while gram (18) carats 156.75 dirhams, up to 1.75 dirhams.
A store manager «Jewelry Vienna to trade gold that gold sales have fallen sharply this week with the continued rise in global gold prices and concern dealers beginning of the school year.
Gold prices in the United Arab Emirates witness a stability and gold prices remained today in Dubai and Abu Dhabi market at same prices yesterday, record gram 22 carat 180.11 dirhams,and the rest of gold prices day recorded :
Gold Rate In Dubai Today For 24 carat gold : AED 195.772 per gram
Gold Rate In Dubai Today For 22 carat gold : AED 179.459 per gram
Gold Rate In Dubai Today For 21 carat gold : AED 171.3 per gram
Gold Rate In Dubai Today For 14 carat gold : AED 146.828 per gram
Gold Rate In Dubai Today For 18 carat gold : AED 114.201 per gram
Stabilized gold prices today in Dubai at yesterday prices as a result of the stability of world gold prices reaching gram 22 carat 180.61 dirhams and 24 carat 197.03 dirhams is expected to stabilize gold prices in the UAE market this week with the relative stability of prices of gold and recorded the rest of gold rate in dubai today next :
Gold Rate In Dubai Today For 24 carat gold : AED 197.03 per gram
Gold Rate In Dubai Today For 22 carat gold : AED 180.61 per gram
Gold Rate In Dubai Today For 21 carat gold : AED 172.68 per gram
Gold Rate In Dubai Today For 14 carat gold : AED 111.25 per gram
Gold Rate In Dubai Today For 18 carat gold : AED 147.77 per gram
Continued gold prices decline for the second week in a row, and gram lose more than 11 dirhams in two weeks, has encouraged consumers to return to the purchase, and raising the sales including ranges between 20 and 30%, according to officials in the shops for jewelery and gold jewelery in Dubai and Sharjah. The price of a gram of gold bullets different, a decline ranged between 4.5 and 5.5%, yesterday afternoon, compared with the rate prices a week ago, according to the stated price indices in Dubai and Sharjah.
And detailed, the price of 24-carat yesterday 185.25 dirhams, down 5.5 dirhams prices last weekend, while the total gram 22 carat 174 dirhams drop of 5.25 dirhams. And the price of one gram of 21 carat carats to 165.50 dirhams, down five dirhams, while the total gram 18 carat AED 141.75, a decline of 4.5 dirhams.
The director of the shop «jewel Baghdad» to trade jewelry, hekmat ward, that «low gold prices at rates that exceeded 11 dirhams in two weeks to support the return of consumer markets, as were keen to take advantage of the decline in prices, which is the largest in nearly three months, leading to increased sales, especially this week, rising by about 30% compared to last week.
Concurred in opinion official sales in the shop «Alujain Jewellery», Ahmad Ebadi, who stressed that «the continuation of gold prices in decline tempt a large number of consumers buying to take advantage of those declines, boosting sales, which rose at rates ranging between 20 and 30% compared to last week.
He pointed out that «continue to decline such large values will contribute to compensate merchants for prior periods was devoid of strong events, where prices rose sales Vtbatot, more focused sales and then to sell gold Mchgullachm dealers used.
