DUbai Gold Rate – Gold Prices in dubai down this week by 5-7 AED per gram compared to gold rates by end of the previous week, according to the Dubai Gold & Commodities Exchange .
Gold trader in Dubai said that the declines in prices, contributed to the improved demand for purchase, and lifted sales of works by up to 20%, arguing that the rates of decline price paid large number of dealers to buy gold, in preparation for weddings and holidays Summer , especially as the gold prices before rates achieved recent declines were in the range of positive, compared to prices during the months of January and February.
And detailed, the price of gram ( 24) carats yesterday was 185.25 dirhams, down 6.75 dirhams by the end of the previous week, while the price of Gram ( 22) carats, 174 dirhams, down 6.75 dirhams, and arrived gram (21) carats to 165.5 dirhams, down 5.5 dirhams, and the price of Gram (18) carat 142 dirhams, down 5.25 dirhams.
Gold and Jewelry trader in Dubai said that «outlets selling jewelery experiencing an upswing by dealers to purchase, in an attempt to take advantage of falling prices about six dirhams per gram», indicating that «prices did not check their current itself, since a long time.
Added that «sales of jewelery and gold coins recorded a growth ranging between 15 20%, supported by the turnout dealers are preparing for weddings and summer holidays», indicating that most of the sales were to buyers from Arab nationalities.
And they confirm «Gold prices recorded declines at high rates, which contributed to raising the sales works towards 20%, especially as the prices even before the decline weekly latter was in good levels for buyers as It was less than the prices of January and February, expected to register sales growth in larger proportions, if prices continue at rates close in the coming days.
