Gold prices in the UAE fell nearly two AED during the week where Gram 24-carat DH 163.80 , gram 22 carat DH 154.23 , Gram- 21 carat DH 146 and settled gram 18 carat DH 182 according to the Dubai Gold prices today
«the recent decline in gold prices has not been reflected as expected on sales outlets, with the exception of a very limited improvement in sales of light artifacts. said Ali Yaf’i director of Al «Basalt Jewelry»
He attributed the slow sales to the Holidays with some dealers, and concern for others, school season and pay their fees.
Return of dealers to buy and activate the market, in the event registration gold rates fell incentive to buy, worth up to 10 DH, or in the case of seasons purchase such as the approach of Eid al-Adha mid-October next, the reliable traders to raise sales. said Mohammed Eisaei in «Romaizan Gold and Jewellery»,
Markets experiencing a slight improvement, sales declined in the works only light, while the continued decline in sales of bullion and gold coins. He added that «the majority of traders are expecting the return of the largest proportions activity ahead of the Eid al-Adha season, which compensates rates and slow the decline in sales in local markets since the beginning of September», said Sales manager in a shop «ATM Jewelry», Abdullah Mohammed Thami
Dubai is one of the largest gold markets in the region and is characterized by goldsmiths attractive forms and unique formations and attracts many lovers acquisition of gold
Dubai – Gold Rate in UAE record rise ranging between three and 7.5 dirhams per gram, in various gold types , according to list prices in the markets of Dubai and Sharjah, compared to the end of last week.
This is the second increase elevations, respectively, achieved by gold, after scoring two dirhams reached heights over the past week, after consecutive declines amounted to 19 dirhams in three weeks.
Officials in stores Jewelry and Craft gold in Dubai and Sharjah, said that «the markets are still experiencing demand for jewelery and gold coins, although rates rises disparate, which did not affect the attractiveness of gold for consumers», stressing that the high demand for bullion offset by a decrease in supply during the two weeks two years.
And detailed, 24K record 155.25 AED, up 3.25 AED, compare with the end of the previous week, while the price of 22K record 147 AED, an increase of three AED and 21K record 141 AED an increase of 7.5 dirhams from the end of the previous week, while the price of 18K record 121.75 AED, an increase of 5.5 dirhams.
The director of trade development in the company «Jewelry Karen» Trade jewelry, Krish Kumar, said that «gold prices, despite the recent variants are still attractive to consumers, because recent increases did not reach the limits relate to gold prices, during May and June, which made rates prices not seen since the nearly three years.
He stressed that «the increasing consumer demand to buy gold bullion, for the purpose of saving and investment, contributed to the continuing crisis of shortage of supply of those bullion markets witnessed two weeks ago.
For his part, the official store sales «Jewelry happy», Abdulrahman Mohammed, that «the recent price hikes did not affect much in demand for retail outlets, especially for clients who are seeking to buy and bullion gold coins, with the aim of investing.
He added that «most of the demand is currently focused dealers of Asian nationalities on Ayari (21) and (22) carats, because they are at least a loss of (Workmanship value) at resale.
In turn, the director replaced «Jewelry Vienna», Essam Haddad, said that «dips big record gold in stages gradually during the past two months, has worked since the beginning of July to the continued demand for jewelry and bullion, which was not affected by increase price current limited, which did not reach After a par with the value lost by gold, has contributed to the continuing demand for ports in varying proportions.
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
Gold prices in UAE today recorded a limited rise in the price of a gram of between 0.50 to 0.75 fils Compared to gold prices last week, according to the price of gold declared on the Dubai Stock Exchange and the Dubai gold market and Zayed City Market for gold in the capital Abu Dhabi
The officials outlets confirmed gold sales in Dubai said the vagaries of low gold prices during the month contributed to the support, where sales increased appetite for buying gold bullion.
The price of gold grams (24) Karat 168 dirhams, an increase of AED for the end of the previous week, while the price of Gram (22) Karat 158.75 dirhams, an increase of 75 fils.
And the price of a gram (21) Karat 150 dirhams, an increase of 75 fils, while the price of Gram (18) Karat 128.75 dirhams, down amounted to 75 fils.
«Markets experiencing a continuation of the demand for gold jewelery sales and bullion, coins, and did not adversely affected Heights the described as very limited» said General Director of «Dhecan Jewelry », Jay Dhecan,
Dhecan added that the decline in gold prices during the previous week, making the average prices at the borders of incentive to buy, not notified more than two years ago, prompting a large number of dealers of residents and tourists, to buy
For his part, agreed that sales in the official shop «Annan jewelry», Mohammad Shams, with Dhecan in that the limited gains in gold prices supported the continued demand for buying works.
He said that «outlets currently experiencing demand from dealers to buy bullion and gold coins, which ran out of some shops, with high purchasing them, in addition to jewelry, especially from Ayari 21, and 22 carats that are suited for decoration and savings together».
As a sales manager in a shop «ATM Jewelry», Abdullah Mohammed Thami, he stressed that the markets are still experiencing a growing demand for sales of jewelery, considering lower prices ahead of the summer holiday season of the positive things that support the sales rates.
Dubai Gold – UAE gold price declines ranged between 8.5 and 10.75 AED per gram, compared to gold rates of previous week, according to the stated price indices in Dubai gold markets and Abu Dahbi.
Officials outlets jewelry and gold in Dubai and Sharjah said that declines of gold prices, finally, as a rebound heights are price, which continued for a period of three weeks, arguing that the rates of decline large price, impacted positively on sales of bullion and gold coins and jewelry, which has grown up to 40%.
Gold rate UAE for 24K record 167.25 AED a decline of 10.75 AED for the end of the previous week, while 22K record 158 AED, down 10 AED.
The price of 21K to 149.25 AED, a decrease of 9.75 AED, while the price 18K reach 128 AED, down amounted to 8.50 AED.
The director of sales in a shop «ATM Jewelry», Abdullah Mohammed Thami, said that «large percentage decline recorded by gold prices, market activity returned again, after achieving prices continued altitudes three weeks with different values, as a whole amounted to about seven dirhams».
He stressed that «consumers turned to purchase jewelry and bullion, raising sales grew by 40%, compared to the previous week. In turn, the official estimated sales in the shop «Jewelry days», Jalish Sakr, the growth of gold sales, increased by ranged between 20 and 30% during the past two days, as a result of lower prices, noting that it included jewelry, and bullion and gold coins.
He said that «Impairment exceeded 10 dirhams, which is a strong incentive to buy, whether for savings and investment, or to adorn gifts», and expected to see sales grow larger, with continued price when rates are close, especially with the asylum Most dealers to buy now, in preparation for the holidays summer end of May.
In the same vein, an official said sales in the shop «palm Jewellery», Samir Ali, said that «low price reflected positively on the markets to buy gold», indicating that acquisitions focused on gold ( 22) and ( 21) carats .
Gold prices UAE rose nearly two dirhams in a week, according to gold prices in Dubai gold market in Dubai and Zayed City Market for gold in Abu Dhabi.
Gold trader said : gold price hikes did not affect the sales and demand for gold as gold sales rose in Dubai gold market nearly 10% this week because of the Dubai Shopping Festival, which is witnessing demand from tour groups
In gold market in Dubai today the price of gram 24K 202 dirhams, while the price of a gram 22K to 190 dirhams and the price of gram 21K 180 AED scored gram 18K 154.25 dirhams and the price of one kilo gold in Dubai to 201,980 dirhams.
Traders said the recent increases in the price of gold was not impressive, both on the rates of demand for jewelery sales or bullion and gold coins, especially on the part of tourist groups and the current rise in gold prices come under regular rates in global gold prices.
On the other hand began Department of Economic Development, in Dubai, the implementation plan for the deployment of a smart monitors for gold prices in markets key for gold in the emirate, and some major business centers infested stores gold include gold markets in Deira, Bur Dubai, and Dubai Festival Mall, and Gold Souk in Dubai Mall , and a number of shopping malls including Al Ghurair
The department said those screens is one of the tools that can provide protection for the consumer, through which it can know the price grams gold per standards which are sold in the market
.
This comes during the Dubai Shopping Festival 2013 and witnessed by the money in the UAE capital.
– Christmas Contributes To Increase Gold sales IN Dubai gold market
– Increased Sales Of luxury Watches, jewelry And Diamonds In Dubai
UAE Gold prices today show decline in price gram gold ranged between 75 fils and AED per gram in various carats for the second consecutive week compared with last week to be total decrease in gold price in the UAE five dirhams within two weeks, according to gold prices in DGCX gold market in Dubai.
Trader in Dubai gold market said the gold market saw a recovery and boom in gold sales during the last period with the approach of Christmas, where gold sales jumped by between 20% to 30%, especially with the decline in global gold prices.
Gold prices in Dubai fell hit four dirhams during the last week when the price of grams gold 24 carat 198 dirhams, while the gram 22 carat AED 185, and reached gram 21 carat carat 177 dirhams and the price of grams gold 18 carat 151 dirhams .
Gold dealers in Dubai pointed that there are a significant increase in turnout dealers to buy gifts we of gold jewelery on the occasion of the celebration of birthdays, which reflected the increased sales of luxury watches, jewelery and diamonds, in addition to gold especially 21 carat and 18 carat.
Contribute to tourist groups in increased sales of the gold market in Dubai significantly, with high gold sales in the UAE during periods of increased tourist groups with low gold prices of local and global.
UAE Gold Rate Drops 4 Dirhams Per Gram In Gold Market
UAE Gold prices fell, between 3.25 and four dirhams per gram of various carats, compared to prices last weekend, according to list prices in the markets of Dubai and Sharjah until yesterday afternoon.
The indicators decline in gold prices this week, a return to market declines witnessed the beginning of December, which averaged three dirhams, after he recorded prices during the past week high reached about 1.75 dirhams per gram.
And reflected declines in the prices of gold positively on jewelery sales in retail outlets this week in varying proportions, supported by «Christmas», and the enthusiasm of consumers to buy gifts, according to officials in the gold artifacts shops in Dubai and Sharjah.
The price of a gram carat gold (24) carats, 199.25 dirhams, down four dirhams by the end of last week, while the price of one gram of caliber (22) carats to 187.5 dirhams, down 3.75 dirhams.
The price of a gram caliber (21) carats AED 178.25, a decline of 3.5 dirhams, scoring rounds gram (18) carats 152.75 dirhams, drop of 3.25 dirhams.
The official said sales in the shop «Jewelry Daizin that», Asim Ali, said that «declines gold prices this week contributed to the sales promotion rates varying in the market, especially with the presence of Iqbal to buy now to buy gifts jewelry special occasion (Holiday Birth)», expected «show sales growth rates, more and more influential in the market during the next week before the end of New Year’s Day, up to their maximum level.
In turn, director pointed replace «Ahmed Ali Jewellery», Mahmoud Ali Caso, that «despite the decline in prices a great extent during the current week, a large number of dealers still awaiting further declines in the price of gold, according to the expectations of global reports final, what the impact of the failure to achieve high growth rates in sales.
He added that «most traders rely on to achieve greater growth in sales during the next week with the approach of (Christmas), and the enthusiasm of the public to buy gifts.
The Bank «Saxo» specialist in trading and investment multi-asset via the Internet, said in an issued annual component of 10 forecasts for the year 2013, that the strength of the recovery of the U.S. economy in 2013 surprised the market, especially financial investors in gold, pointing out that the scene variable for the U.S. economy, and the lack of recovery in physical demand for the precious metal in China and India, which are facing difficult circumstances because of weak growth, high unemployment rates which, cycle Stimulate President to sell gold.
And gold is expected to fall to $ 1,200 an ounce, before central banks, especially in emerging economies to seize the opportunity, take advantage of low prices and buy gold.
Globally, gold fell yesterday, and remained close to its lowest level in four months, while heading for the biggest weekly loss incurred since June 2012, with the reluctance of investors due to the drop in the euro and the U.S. stalled talks aimed to avoid a financial crisis.
Gold fell in the spot market to $ 1.38 $ 1645.76 an ounce after recording the lowest price in four months at $ 1635.09 in the previous session.
Gold climbed in U.S. contracts for February delivery to $ 1646.90 dollars an ounce after falling yesterday to about 1636 dollars.
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.
