37.75 dirhams an increase in the price of a gram of gold within 4 weeks

Gold prices continued to rise for the fourth consecutive week, registered last weekends between 6 and 7.75 dirhams of love from various calibers, compared to its prices at the end of the week before, according to the price indicators announced in Dubai and Sharjah, to reach new records unprecedented, to reach the total price increases for the gram of gold within four weeks 37.75 dirhams.

Officials of gold and jewelry trade told «Emirates Today» that the continuation of gold prices in recording successive heights, and reaching unprecedented record rates historically, stimulated a number of dealers to buy products from alloys, hoping to obtain new gains, with expectations to record new heights during the coming periods.

In addition, the price of 24 gram of gold reached 440 dirhams, with an increase of 7.75 dirhams, compared to its prices at the end of the previous week. While the price of a 22 -karat gram recorded 407.25 dirhams, an increase of 7 dirhams. The price of a 21 -karat gram reached 390.75 dirhams, with a height of 7 dirhams, and the price of a gram of 18 karat gold reached 334.75 dirhams, with an increase of 6 dirhams.

“Although gold prices continue to rise and with new standard rates, these increases made some dealers go to buy products for alloys, hoping to continue to rise during the coming period, which increases the chances of obtaining additional gains,” said Zayed Al -Yafii, the sales official at the “Bazalt Jewelery”, Zayed Al -Yafii.

He pointed out that «some dealers are currently heading to buy products of artifacts because they are linked to various occasions during future periods, which makes them prefer to buy now in order to hedge from the occurrence of additional heights of the yellow metal.

For his part, the director of the “Al -Sarraf Jewelry” store, Muhammad Qasim Al -Sarraf, said that “the recent price rises of the yellow metal were greatly raised from the confidence of customers of saving and investing in gold products, which motivated them to buy products for alloys recently, especially from medium weights, in light of the presence of many global expectations to record gold for new heights before the end of this year.”

He added that «a large number of dealers who prefer to buy gold bars for savings or investment prefer to wait, until gold prices rise in order to go to re -sell the alloys and obtain price differences.

The sales official in the “Yas Jewelry” store, Ronnie Salem, pointed out that “some dealers are currently heading more to focus on buying products for alloys to keep them in the long term, for savings or investment purposes, and in return, the purchase of workforces witnesses slow manifestations with most customers anticipating appropriate price declines to be able to buy.”

• Dealers accept the purchase of gold bars for saving and investing in the long run.