{"id":990,"date":"2013-02-15T11:58:29","date_gmt":"2013-02-15T07:58:29","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=990"},"modified":"2013-02-15T11:58:29","modified_gmt":"2013-02-15T07:58:29","slug":"valentines-day-raises-gold-sales-in-dubai","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2013\/02\/15\/valentines-day-raises-gold-sales-in-dubai\/","title":{"rendered":"Valentine’s Day raises gold sales in Dubai"},"content":{"rendered":"
\"Valentine's<\/a>
Valentine’s Day raises gold sales in Dubai<\/figcaption><\/figure>\n

DubaiGoldRate<\/strong>– Officials gold shops jewelry in gold markets of Dubai , said gold sales rose hovered rate between \u202c 20 and \u202c 30% this week, due to the demand of dealers to buy gifts on the occasion \u00abValentine’s Day\u00bb, also declines in the prices of gold worth $ 3.5 dirhams per gram contributed to the brisk sales to residents and tourist groups.<\/p>\n

Globally, a report showed \u00aborientations gold demand for the fourth quarter of the year \u202c 2012\u00bb, which was introduced by the Foundation \u00abReuters\u00bb, that global demand for gold in the last quarter of the year \u202c 2012 achieved million \u202c 195 thousand and \u202c 900 tons, registering an increase of 4% over the same period of year 2011.<\/p>\n

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.<\/p>\n

The price of a gram of gold \u202c 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.<\/p>\n

The price of a gram gold 21 carat \u202c 176.25 dirhams, a decrease of 3.5 dirhams, at a time of record of gram \u202c 18-carat 151 dirhams a decline of 3.5 dirhams.<\/p>\n

The director of the company \u00abDhecan for jewelry and trade works\u00bb, Jay Dhecan, that \u00aboutlets of the company witnessed a growth in sales during the current week rates stood \u202c 30%, compared to last week, because Iqbal dealers to buy jewelry of all kinds, gifts occasion (Valentine’s Day ), pointing to the \u00abgold 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.<\/p>\n

In turn, agreed official sales in the shop \u00abJewelry days\u00bb, Jalish Sakr, with his Dhecan in that \u00abValentine’s Day\u00bb raise rates demand for sales, especially on gifts gold colored, or which forms the hearts, both for necklaces or rings \u00bb . He stressed that \u00absales rose at a rate of 20%, supported by a decline prices compared\u00a0 during last week.<\/p>\n

He pointed out that \u00abthe 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.<\/p>\n

In the same vein, said Director replace \u00abLausanne Gold and Jewellery\u00bb, Fadi Pedro, that \u00ab(Valentine’s Day), and lower prices, shares in the increased sales rates reached \u202c 25% during the past week, with increased demand from tourists and residents, especially from Arab nationalities and European. He pointed out that \u00abalthough sales have seen a rebound, most of the sales were concentrated in small jewelry gifts, especially manufactured and studded with colored forms.<\/p>\n

Gold globally<\/h3>\n

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 \u00abThomson Reuters GFMS.<\/p>\n

The report showed that global demand for gold in the last quarter of the year \u202c 2012 achieved million \u202c 195 thousand and \u202c 900 tons, registering an increase \u202c 4% for the same period in \u202c 2011, with record average price of gold in the last quarter of the year \u202c 2012 record levels, reaching \u202c 1721.8 dollars per ounce, registering an increase of 1% for the standard price rate in the third quarter of year 2011.<\/p>\n

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 \u202c 1571.5 dollars per ounce.<\/p>\n

India and China<\/h3>\n

The report pointed out that, while the demand for gold in India throughout \u202c 2012 decreased by \u202c 12% for the year \u202c 2011, but the market has seen a strong recovery in the last quarter, reaching a volume of demand \u202c 261.9 tons, an increase of \u202c 41% compared to the period same quarter last year.<\/p>\n

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 \u202c 1% from the third quarter to score \u202c 202.5 tons, the total volume of demand for gold jewelry \u202c 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.<\/p>\n

Central banks<\/h3>\n

A report \u00aborientations gold demand for the fourth quarter of the year \u202c 2012\u00bb high rate of buying gold with central banks throughout the year \u202c 2012 by \u202c 17% compared \u202c 2011, registered record levels since \u202c 1964, with a total demand \u202c 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.<\/p>\n

Gold markets<\/h3>\n

The executive director of the investment in the World Gold Council, Marcus pod, that \u00abChina 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 \u00bb, adding that\u00ab 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 \u00abthe 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 \u00abdespite 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 \u202c 30% from the rate over the past decade\u00bb.<\/p>\n","protected":false},"excerpt":{"rendered":"

DubaiGoldRate– Officials gold shops jewelry in gold markets of Dubai , said gold sales rose hovered rate between \u202c 20 and \u202c 30% this week, due to the demand of dealers to buy gifts on the occasion \u00abValentine’s Day\u00bb, also declines in the prices of gold worth $ 3.5 dirhams per gram contributed to the […]<\/p>\n","protected":false},"author":3,"featured_media":991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[190,217,220,431,548,589,858,860],"class_list":["post-990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-prices","tag-dubai-gold","tag-dubai-gold-rate-22k","tag-dubai-gold-rate-in-airport","tag-gold-markets","tag-gold-rates-in-dubai","tag-gold-souk-dubai-timings","tag-uae-gold-prices","tag-uae-gold-rate"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=990"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/991"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}