dubaigoldrates

Tag: gold rate uae

  • Decline in the value of gold sales in the UAE during the 9 months by 7%

    Decline in the value of gold sales in the UAE during the 9 months by 7%

    Decline in the value of gold sales in the UAE during the 9 months by 7%

    Officials companies in the manufacturing sector and the gold trade said that , the improvement witnessed in different economic sectors in the domestic market since the beginning of the year, especially in the sectors of hospitality, retail, was a key factor in raising the sales of consumer demand (gold) during the first nine months of this year, against a decline in demand for investment (bullion and gold coins), compared to the same period of year 2011.

    They confirmed that the fluctuation of gold prices, and achieved great heights in prices compared to last year, as a result of political changes in the world, was one of the factors contributing to the devaluation of gold sales in the UAE since the beginning of this year until last September, rose ‬ 7%, according to a recent report World Gold Council.

    Report data for «World Gold Council» declined value of gold sales in the UAE by ‬ 7% to about ‬ 10.2 billion dirhams at the end of last September, compared ‬ 11 billion dirhams during the same period in ‬ 2011, as recorded local market decline in demand for gold (for investment) in the third quarter of this year by ‬ 29.5%, after falling to ‬ 112 million (‬ 411 million dirhams), compared ‬ 159 million (‬ 583 million dirhams) for the quarter itself from year 2011, while the consumer demand for jewelry around 315 million dollars (1.15 billion dirhams), compared to 449 million (AED 1.64 billion for the same quarter of last year.

    dominated demand for gold jewelery in the UAE to 75.8% of the total demand for gold during the third quarter of this year, estimated at 8.7 tons, compared with 73.8% during the same quarter of 2011 ».

    Director-General said in the company «Dahab» for manufacturing and trading gold, Suhaib Sheikh, said that «the high demand for gold against a decline in buying gold for investment in the state, was the result of a logical improvement remarkable achievements of different economic sectors in the country, especially in the hospitality and tourism sectors , and the recovery of the movement of tourist groups to the State during the last season of Eid al-Adha.

    Pointed out that «it is possible that the value of gold sales fell, but the rates of demand for gold jewelry, The small or light, rose.

    In turn, the Director-General said in the company «Rosy Blue to trade and supply of gold, Aaron Bahtnjar, that« the demand for gold for investment sales, including bullion and gold coins, witnessed a noticeable decline, which was confirmed by the report of the World Gold Council.

    The Bahtnjar attributed the decline in demand for bullion, compared with an increase demand for gold jewelry to two factors improved financial access for some individuals as a result of the recovery of certain economic sectors, and increased sales of gold tourists.

    He added that «the supply and sales of gold to the company in the domestic market, witnessed growth during the months ‬ 10 first of the year, reached ‬ 30%, compared to the period of time the same year ‬ 2011, which accompanied the results revealed by the global report on the status of the sector in local market.

    Furthermore, the President stated in the company «Salem Shuaibi» Jewellery, Salem Shuaibi, that «sales jewelry has grown since the beginning of this year, backed by increased demand from tour groups, and procurement processes, even small amounts of residents», pointing out that «high volatility in prices during the current year has not been reflected positively on the purchase of gold bullion.

  • Gold Price In UAE Down 4 AED IN Week

    Gold Price In UAE Down 4 AED IN Week

    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.

  • UAE third in the world in the export of “gold bullion”

    UAE third in the world in the export of “gold bullion”

    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.

  • Gold prices in UAE rises 3 Emirates dirhams per gram

    Gold prices in UAE rises 3 Emirates dirhams per gram

    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

  • Today gold Rate In UAE

    Today gold Rate In UAE

    Today gold Rate In UAE

    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

    You can follow gold rate in UAE directly updated every hour on the following link http://www.dubaigoldprices.com/current-gold-rates-in-uae/

  • Gold sales in UAE grow 5% to 3.8 billion dirhams in the first quarter

    Gold sales in UAE grow 5% to 3.8 billion dirhams in the first quarter

    Gold sales in UAE grow 5% to 3.8 billion dirhams in the first quarter

    Gold sales in UAE grow by 5% during the first quarter of 2012, rising to 3.87 billion dirhams, compared with 3.69 billion dirhams in the same period of 2011, according to the World Gold Council statistics.

    The record growth in gold demand for investment in the domestic market by 33% to 588.8 million dirhams in the first quarter of this year, compared to AED 441.6 million in the same period of 2011, while sales recorded on jewelry “gold jewelry” 3.87 billion dirhams, between January and March 2012, compared to 3.69 billion dirhams in the same period of last year, an increase of 1%.

    It showed Statistics World Gold Council, the demand for gold sales in terms of weight, “quantities” witnessed a decline in various global markets, including the UAE market and sales fell 14%, to fall to 19.4 tons in the quarter of this year, compared to 22.5 tons in 2011, down 3.1 tons.

    The gold sales in 2011 grew 24% in terms of value to about 12.8 billion dirhams, compared with 10.3 billion in 2010, an increase of about 2.5 billion dirhams.

    The Council that the demand amounts to invest in the yellow metal grew by 9% to a record 3 tons in the first quarter of 2012, compared with 2.7 tons in the same quarter of 2011, up 300 kg, while the demand for sales jewelry and gold wrought fell by 17 %, the amount drops to 16.4 tons in the period from January to March 2012, compared to 19.8 tonnes in the same period last year.

    The report predicted that in light of the results of the first quarter, the demand for gold during 2012 will record a growth rate of 2% in terms of value, while 19% will be reduced quantities.

    In Saudi Arabia, grew value demand for gold sales by 13% during the first quarter of 2012, rising to $ 823 million, compared with $ 731 million in the same quarter of 2011, and record investment in the yellow metal in the Kingdom increased 52%, to reach $ 250 million, compared with 165 million, while the value of the demand for gold jewelery 1% to $ 823 million, compared with 731 million in the same quarter of 2011.

    In terms of quantities, Saudi Arabia, has declined during the first quarter increased by 32% to 11.1 tons, compared to 16.4 tonnes, due to the decline in demand for jewelry manufacturers, by 17%, falling to 10.5 tons, compared to 12.7 tons, But that investment in gold rose 24% to up to 4.6 tonnes in the first quarter of this year, compared with 3.7 tons in the same quarter of 2011.

    In the rest of the Gulf states recorded sales value grew by 7% in the period from January to March 2012, to reach $ 285 million, compared with $ 367 million in the same period of 2011, and record investment in gold grew 38%, achieving $ 47 million versus $ 34 million, While demand grew jewelery sales in terms of value 2% to $ 238 million versus $ 233 million during the same period of comparison.

    In terms of quantities fell in the first quarter by about 13% in the rest of the Gulf states, to fall to 5.2 tons, compared to 6 tons, in the same quarter of 2011, while investment in experienced growth of 13% gold for up to 900 Clio grams, compared to 800 kilometers grams, and the corresponding decline in demand for jewelry quantities manufactured “jewelry” in the Gulf countries other than the UAE and Saudi Arabia 16%, falling to 4.4 tons, compared to 5.2 tons.

    The report pointed out that the global demand for gold grew by 16% in the first quarter of this year, up to $ 7 billion, while the decline in terms of quantities of 5%.

  • Gold Rate Loses 11 dirhams In Two Weeks For Gram And Sales Rise 20%

    Gold Rate Loses 11 dirhams In Two Weeks For Gram And Sales Rise 20%

    Gold Rate
    Gold Rate

    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.

  • Gold Rate In UAE Decline More Than 6 dirhams

    Gold Rate In UAE Decline More Than 6 dirhams

    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 ».

  • Gold Rate In Dubai Increase 6 Dirhams In A Week

    Gold Rate In Dubai Increase 6 Dirhams In A Week

    Gold Rate In Dubai Increase 6 Dirhams In A Week
    Gold Rate In Dubai

    Gold rate in UAE rises yesterday, including ranged between 4.75 and 6.25 dirhams for shots gold different, according to list prices in Dubai and Sharjah, compared to prices during the past week, investigators first weekly gain during the month, which saw declines varied since start compared to last month.

    The price of a gram (24) carats, yesterday 0.212 dirhams, up $ 6.25 dirhams for prices last week, while the total gram (22) carat 199.5 dirhams, up about six dirhams, and scored Gram (21) carats amount of 189.75 dirhams, an increase of 5.75 dirhams, while gram (18) carat 162.5 dirhams, up 4.75 dirhams compared with the end of last week.

    Said salesman in gold trade that rises in the price of gold locally gradually began two days ago until it reached its current borders, which exceed six dirhams per gram compared to the end last week», adding that «Gold prices seen this week the return of the high prices in the markets affected by the global turmoil and political events in each of the Arab region, Iran and Greece.