dubaigoldrates

Tag: gold souk dubai timings

  • Valentine’s Day raises gold sales in Dubai

    Valentine’s Day raises gold sales in Dubai

    Valentine's Day raises gold sales in Dubai
    Valentine’s Day raises gold sales in Dubai

    DubaiGoldRate– Officials gold shops jewelry in gold markets of Dubai , said gold sales rose hovered rate between ‬ 20 and ‬ 30% this week, due to the demand of dealers to buy gifts on the occasion «Valentine’s Day», also declines in the prices of gold worth $ 3.5 dirhams per gram contributed to the brisk sales to residents and tourist groups.

    Globally, a report showed «orientations gold demand for the fourth quarter of the year ‬ 2012», which was introduced by the Foundation «Reuters», that global demand for gold in the last quarter of the year ‬ 2012 achieved million ‬ 195 thousand and ‬ 900 tons, registering an increase of 4% over the same period of year 2011.

    UAE Gold Prices yesterday, a decline ranged between 3.5 and 3.75 dirhams per gram of various calibres, compared to the end of last week, according to price signals declared until yesterday afternoon, in Dubai and Sharjah.

    The price of a gram of gold ‬ 24-carat 197 dirhams, a decrease of 3.75 dirhams for the end of the previous week, while the price of a gram of gold 22 carats to 185.25 dirhams drop of 3.5 dirhams.

    The price of a gram gold 21 carat ‬ 176.25 dirhams, a decrease of 3.5 dirhams, at a time of record of gram ‬ 18-carat 151 dirhams a decline of 3.5 dirhams.

    The director of the company «Dhecan for jewelry and trade works», Jay Dhecan, that «outlets of the company witnessed a growth in sales during the current week rates stood ‬ 30%, compared to last week, because Iqbal dealers to buy jewelry of all kinds, gifts occasion (Valentine’s Day ), pointing to the «gold price declines differently since the beginning of the week, until yesterday ranged between 3.5 and 3.75 dirhams per gram of various calibres, prompting traders to buy gold gifts.

    In turn, agreed official sales in the shop «Jewelry days», Jalish Sakr, with his Dhecan in that «Valentine’s Day» raise rates demand for sales, especially on gifts gold colored, or which forms the hearts, both for necklaces or rings » . He stressed that «sales rose at a rate of 20%, supported by a decline prices compared  during last week.

    He pointed out that «the most sales in outlets focused on the works of Ayari 18 and 21 carats, as most works that are formulated and Trsaaha in various forms, such as hearts, colored in red, or to innovative forms.

    In the same vein, said Director replace «Lausanne Gold and Jewellery», Fadi Pedro, that «(Valentine’s Day), and lower prices, shares in the increased sales rates reached ‬ 25% during the past week, with increased demand from tourists and residents, especially from Arab nationalities and European. He pointed out that «although sales have seen a rebound, most of the sales were concentrated in small jewelry gifts, especially manufactured and studded with colored forms.

    Gold globally

    Globally, the volume of global demand for gold during the year 2012 to 236.4 billion dollars, its highest value ever, while the value of global gold demand in the fourth quarter of last year to 66.2 billion dollars, an increase of 6% on the an annual basis, its highest value at all compared to the previous recent sessions, according to a report by gold demand trends for the last quarter of year 2012, which was introduced by the Foundation «Thomson Reuters GFMS.

    The report showed that global demand for gold in the last quarter of the year ‬ 2012 achieved million ‬ 195 thousand and ‬ 900 tons, registering an increase ‬ 4% for the same period in ‬ 2011, with record average price of gold in the last quarter of the year ‬ 2012 record levels, reaching ‬ 1721.8 dollars per ounce, registering an increase of 1% for the standard price rate in the third quarter of year 2011.

    The average price for gold 1669 dollars per ounce during the year 2012, an increase of 6% compared to an average price in 2011, when he scored ‬ 1571.5 dollars per ounce.

    India and China

    The report pointed out that, while the demand for gold in India throughout ‬ 2012 decreased by ‬ 12% for the year ‬ 2011, but the market has seen a strong recovery in the last quarter, reaching a volume of demand ‬ 261.9 tons, an increase of ‬ 41% compared to the period same quarter last year.

    The volume of demand for gold and the highest levels of investment over the past six sessions financial, as the volume of demand for gold jewelry by 35% from previous years, to reach 153.0 tonnes. The strong demand for the retail sector to higher purchase for investment purposes to 108.9 tons. The report also pointed out that the demand for gold in China has seen stable on an annual basis, influenced by the economic slowdown, adding that in the last quarter, the volume of demand for gold rose ‬ 1% from the third quarter to score ‬ 202.5 tons, the total volume of demand for gold jewelry ‬ 137 tons, registering an increase of 2% compared to the fourth quarter of year 2011. While the total size of the demand for investment 65.5 tons, registering an increase of 2% compared to 2011.

    Central banks

    A report «orientations gold demand for the fourth quarter of the year ‬ 2012» high rate of buying gold with central banks throughout the year ‬ 2012 by ‬ 17% compared ‬ 2011, registered record levels since ‬ 1964, with a total demand ‬ 534.6 tons . He added that the volume of central bank purchases record 145 tonnes in the fourth quarter, registered an increase of 29% compared to the same period in 2011, making central banks topping the main purchasing power of gold over eight consecutive financial cycles. The recorded investment in global ETFs remarkable increase of 51% for the year 2011, while the volume of demand for gold in the fourth quarter 16% to 88.1 tonnes, compared to the standard rates achieved in the third quarter of 2012.

    Gold markets

    The executive director of the investment in the World Gold Council, Marcus pod, that «China and India to Atzalan largest gold markets in the world, despite the economic challenges, in India is still demand for buying gold is strong, despite the measures imposed to reduce the demand, which underscores the the role of gold in Indian society », adding that« the financial system in India is still primitive, but gold plays an active role. He mentioned that despite the expected economic slowdown in China, the size of the investment demand rose by 24% in the last quarter of 2012, compared to the previous quarter, while its gold consumption stable at 137 tonnes. He stressed that «the central banks have seen a transition from being a power of sale of gold purchasing power in recent years, as a record size of the informal sector procurement in all parts of the world the highest levels over nearly half a century. He pointed out that «despite the turmoil economic climate during the current year, and regional challenges that have affected India and China, the size of annual demand for gold record in largest markets worldwide increase ‬ 30% from the rate over the past decade».

  • Dubai Gold Souk, your Tourist destination in Dubai

    Dubai Gold Souk, your Tourist destination in Dubai

    Dubai Gold Souk
    Dubai Gold Souk

    Dubai’s famous Gold Souk is one of the markets in the emirate the most attractive desert (traditional markets). Located in the heart of the commercial city of Deira, and adjacent to the market on the north side of the Deira Corniche, Dubai fish and vegetable market. Dubai Gold Souk mesmerizing contains more than 300 fine jewelry retailers of excellent quality. Dubai Gold Souk Has been evaluated that contained about 10 tonnes of gold in the market at any given time.

    Market development is breathtaking in the beginning in the 1940s and free trade policies in Dubai lure entrepreneurs from countries such as Iran and India to open facilities there. Today Dubai Gold Souk is recognized captivating and one of the sites in the world’s premier gold buyers. Gold dealers alike and customers from around the world gather in the exotic Dubai Gold Souk.

    For the first time visitor in the market is a truly captivating sight with many vast gold jewelry of every description.

    In addition to that found diamond, platinum and silver in some cases articles in the Souk. Jewelry current market include jewelry retailers prestigious like ARY , Joy Alukkas , Damas Jewellery and Shyam addition to many smaller-scale sellers.

    Due to the lack of relevant taxes in Dubai, and jewelry available at incredible prices really compared with other parts of the world. Of course, prices vary from the items on the workmanship that has gone into this particular item.

    The diversity of products offered can seem bewildering, with materials such as necklaces, earrings, bracelets, rings, brooches and many others are available. Available designs include modern as well as conservative and traditional, antique jewelry, strong and accurate designs can be found here. The different colors such as yellow gold materials, white and pink entice the visitor. Because the government imposes strict regulations on the quality of goods available, buyers confirmed that they will get real materials. However, the practice is to haggle and bargain with vendors for the best prices in Dubai Gold Souk.

  • Dubai Gold Souk An Attractive Destination For Shoppers And Tourists

    Dubai Gold Souk An Attractive Destination For Shoppers And Tourists

    Dubai Gold Souk An Attractive Destination For Shoppers And Tourists
    Dubai Gold Souk

    High status carried the gold souk in Dubai, unique strategic location opposite the the bank of the Al Khor one hand Deira awarded a landmark on the map of tourism and trade in Dubai, and the advantage of market history and holds heritage inherent, gold is closely linked with an ornament Emirati women in the past, and boast people wearing gold in events and weddings which is one of the customs and traditions of the people of the UAE.

    Dubai gold market is one of the most important markets still maintain the simple popular style is Poseur,The market is a street lined on the flanks of jewelers and jewelry in a coherent and linear, while stretching gold shops in the market and through the narrow alleys and lanes,show wide and varied and different from jewelery and gold ornaments of the caliber of 81 and 12 and 22 and 42 carat gold that fail have hearts of women in the hope of getting a few of them, and reflect the movement of shoppers and active tourist delegations and market reality, which was not affected by the sales and purchases with the high gold price .

    Gold prices

    Said Ahmed Hassan worker in jewelry shop that Dubai gold souk taxi manufacturing vary depending on the quality and weight of gold and put them both that they «filled Local» or from Bahrain and Saudi Arabia, and generally gold prices are high at the moment, and despite the high prices, but the market turnout of people, but he is not measured prior periods, which stretches for more than three years.

    Where turnout was on the purchase at its peak and peak activity, people currently prefer switch to sell gold in many cases, and another category of people buy gold as a future on the weddings, not to mention some seasons moving people where to buy gold, such as travel and buy gifts for families for some Arab nationalities.

    Given the reality of the market and gold mining stocks, it turns out that gold rose significantly during the last three years, he also on the rise on a daily basis at two Darhams almost from day to day, and if dropped it re-rise the next day and so on, pointing out that yellow gold is Hot for the Arabs, as young girls prefer to buy white gold and diamonds for events and weddings in particular.

    Dubai gold souk and one of the most prominent places that are placed on the list of priorities and concerns, movement purchasing or switch gold and sell it did not stop before Eid al-Fitr last , where many demand for gold significantly, and there is a large turnout of African citizens and the particular procurement.

    One round gold souk in Dubai draws you into a beautiful and shiny world , and store fronts gleaming yellow metal’s increasingly glamorous with the reflection of sunlight and bright lighting market,Dubai gold souk has a long history and heritage authenticity translate the reality of the UAE society and simplicity,As yellow gold was Hot and widely used in the past, With the opening in the area, varied designs and income white gold, pink and other market, a major development occurs reflected on the taste of the UAE in the new selection away from the neglect of the yellow metal heritage.

    No wonder if you feel the pride and fascination when you’re on the move between the corners of Dubai gold souk, it is one of the biggest markets for the retail sale of gold in the world,

    It provides a large bundle of scenery and complex nature local and Indian and global designs . Also you can find in dubai souk a variety of gold coins, bars,bullion and also global value precious watches , along with unique jewelry and attractive designs and adorned with the most expensive and precious gems.