UAE Gold prices show yesterday declines ranged between 16 and 20.75 dirhams per gram, compared to rates of price end of the previous week, according to gold rate in Dubai .
Officials jewelry shops described artifacts gold in Dubai and Sharjah, dips price as the largest in nearly two years, arguing that the market is witnessing activity growing in popularity dealers to buy bullion and gold coins and jewelry, bringing the sales of those products at rates exceeding 30% compared to last week.
price of gram gold (24) carats, yesterday 166 dirhams, a decrease of 20.75 dirhams by the end of last week, while the price of Gram (22) carats, 157 dirhams, down amounted to 18.5 dirhams.
The price of gram (21) carats to 148.25 dirhams, a decline of 18.75 dirhams, while the price of Gram (18) carat 127 dirhams, a decline of 16 dirhams.
A store manager «Alujain to jewelery trade, Ebadi preferred, that« the big declines in gold prices, spurred a large number of dealers to buy gold jewelery of various kinds, as well as bullion and coins for investment purposes and savings.
He stressed that «ports saw sales exceed the growth rate of 30%, compared to last week, especially with the turnout of Arab citizens and residents to buy large quantities of artifacts in preparation for weddings.
In turn, the official said sales in the shop ‘Jewelry of days’, Jalish Saqr, that «the significant decline achieved gold prices, finally, not seen in the market about two years ago, especially with the decline in the price of gold grams of rounds (18), which is most common in the sales, below 130 dirhams ».
He added that «declines lured dealers بالإقبال on buying alloys and products for savings, contributed to the increase in sales activity rates estimated at 30%, compared to last week.
For his part, an official said sales in the shop «Romaizan Gold and Jewellery», Mahmoud Al Yafei, said that «outlets currently witnessing a huge demand for gold bullion rounds 24 carats, which is most commonly used for the purposes of investment», pointing out that there is a growth in sales Goldsmiths rate is estimated at 30%, especially in Ayari (21), and (18) carats.
In the same context, the store manager pointed «Jewelry Dhecn», that «the declines recorded by the gold prices at high rates Finally, rates lifted demand for purchase in jewelery outlets, stressing that the market has not seen these prices since about two years.
He stated that «the current prices are attractive to buy customers, whether for decorative purposes or for savings, which revived sales of gold traders at rates varying ranged between 20 and 30%», expected to continue growth in sales in the event of continued gold prices at rates comparable to its current borders .
The official agreed sales in the shop «Kanz Jewellery», Mayor Femara, with his counterparts from the merchants in the retail outlets have seen during the past two days, an overwhelming response from dealers with gold prices start to achieve significant decline in rates.
He explained that «dips and synchronizing periods to prepare for the summer holidays and weddings, has contributed to the substantial growth in sales.
