13.25 dirhams, an increase in the price of a gram of gold within two weeks

Gold prices continued to rise for the second week in a row, registered at the end of last week, an increase whose value ranged between seven and nine dirhams of love from various calibers, compared to the prices of the previous week, according to the declared price indicators in Dubai and Sharjah, while the total price increases for the gram of gold within two weeks reached 13.25 dirhams, and officials of sales outlets for gold and jewelry trade told «Emirates Today» that continuing to rise the yellow metal. Limit the purchase of the new golden artifacts, while the price increase has strengthened the demand to reselling alloys from customers to stores.

In addition, the price of a gram of 24 karat gold reached 415.5 dirhams, with a height of nine dirhams, compared to its price at the end of the previous week, while the price of a 22 -karat gram recorded 384.75 dirhams, an increase of 8.5 dirhams, and the price of a 21 -carat gram reached 368.75 dirham 18 carats to 316.25 dirhams, an increase of seven dirhams.

“The additional price rises recorded by the yellow metal during the recent period supported the demand of a number of customers to sell alloys of various sizes to stores, while price increases contributed to limiting the demand for new gold jewelry that were limited to gift sales for tourists in various state markets.”

He pointed out that “a large number of dealers are awaiting these recent increases to demand the sale of their alloys, especially since gold is at high price limits during the previous periods.”

For his part, Adtan Singh, director of the international jewelry department at the company “Titan”, said that “tourist groups acquire large stakes of the sales of the workforce today, especially from the artifacts with traditional traditional designs”, pointing out that “price variables and recent altitudes contributed to supporting the direction of many customers to sell alloys to the sales outlets.”

In the same context, the sales officer in the “Grazilla Gold and Jewelery” store, Sultan Ahmed, agreed that “the price and successive price increases for gold have strengthened the direction of the dealers to sell their alloys to stores, with the aim of benefiting from the prices of yellow metal to record borders during the recent period.”

He added, “Tourists acquire the major shares of the work of the workforce currently in the Dubai markets, as they prefer to buy souvenirs of gold and jewelry during their visit to local markets.”

• Tourists acquire the major shares of gold jewelry sales.