Gold continues to climb … and “gram” rises 25.5 dirhams in 6 weeks

Gold prices were recorded at the end of last week, new record heights, achieving increases with values ​​that ranged between 3.25 and 3.75 dirhams for love from various calibers, compared to their prices previously, according to the announced prices in Dubai and Sharjah, while the price increases continued for the sixth week in a row, to reach The total rise in the price of a gram of gold within six weeks is 25.5 dirhams.

Officials of sales outlets for gold and jewelry trade told «Emirates Today» that the continuation of gold recorded new price rises, which motivated the dealers to sell their alloys and currencies to stores to take advantage of the price increases.

Jay Dahkon, the director of “Dahkan for Gold and Jewelery Trading”, said that the decline in sales of new gold jewelry, in light of the continuation of the prices of yellow metal, and their reaching unprecedented record rates, from the natural manifestations in the market.

He said that most of the current sales are concentrated in the souvenirs for tourists and visitors to Dubai, expecting that the demand for gold alloys will grow at gradual rates during the coming days, with the support of the continued high altitudes recorded by the yellow metal, at a time when customers, usually, prefer to re -sell the stores, To follow the price variables.

For his part, Ricky Dahk, director of Ricky for Gold and Jewelery Trading, confirmed that “the continuation of gold prices for six consecutive weeks, has motivated some dealers to sell alloys and gold currencies for sales outlets”, and he told “Emirates Today”: “Sales are still sales The alloys are in its early stages, and it is expected to witness a gradual recovery during the coming days, especially with some dealers awaiting additional price increases.

As for the sales manager at the Dimo ​​Jewelery store, Daily Sun, he said that “most of the sales during the current period are concentrated in the golden artifacts directed to tourist regiments, while the major shares of market activity in the sale of customer and currencies are held, especially from medium weights to stores.” And expected alloys will witness an increase in more rates in the coming days.

Gold prices

The price of 24 karat gold, at the end of last week, recorded 339.75 dirhams, an increase of 3.75 dirhams, compared to its price at the end of the previous week, while the price of a 22 -carat gold gram recorded 314.75 dirhams, an increase of 3.5 dirhams.

In turn, the price of a 21 -carat gram reached 304.5 dirhams, with a height of 3.25 dirhams, and the price of 18 karat gold to 261 dirhams, an increase of 3.25 dirhams.