Gold continues to height and refreshes the alloys trade

Gold prices continued their increases for the seventh week in a row, recording new records unprecedented, to achieve at the end of last week, increases with values ​​that ranged between 4.5 and seven dirhams for grams of different calibers, compared to their prices before the weekend, while the total price of a gram of gold in seven weeks reached seven weeks 32.5 dirhams.

Officials of sales outlets for gold and jewelry trade described to «Emirates Today» the continuous rises of gold as among the longest historical in terms of successive altitudes, and they said that the continued record of unprecedented record rates after seven weeks of successive heights contributed to the recovery of the gold bombing trade by customers For stores.

The director of “Rikish Gold and Jewelery Trading Company”, Rikish Dahnak, told “Emirates Today”: “The gold bars trade is a recovery during the current period, with a increasing demand for a number of dealers to sell their alloys to stores, to benefit from the continuation of gold in a recording New standard price rates, especially since these increases are among the longest in the series of successive rises of gold. ”

He added, “The great rises of gold prices contributed to the slow demand for new golden artifacts, with dealers postponing the purchases.”

For his part, the sales officer at the “Gold and Jewelery Trading”, Manji Balik, said: “The continuation of gold prices for its highs for the seventh week in a row, on the recovery of the alloys trading in the local markets, as the rates of customers’ demand increased to sell them to benefit from the large rates of prices He agreed that “the golden artifacts witnessed a very limited turnout by the dealers, and the largest percentage of tourists was focused.”

In the same context, the director of the “Machu Gold and Jewelery” store, Raj Bahi, considered that “the high price of gold and new standards comes within a series that is among the longest historical in terms of successive heights, which has revived the trade re -sale trade for stores, in exchange for the limited demand for New artifacts, sales focus on tourist groups. ”

Gold prices

At the end of last week, the price of 24 karat gold reached 345.75 dirhams, compared to its price at the end of the week before, while the price of a 22 -carat gold gram recorded 321.75 dirhams, an increase of seven dirhams.

In turn, the price of a 21 -carat gram reached 308 dirhams, with a height of 4.5 dirhams, and the price of a 18 -carat gram to 264.5 dirhams, an increase of 4.5 dirhams.