Inclusion of 14-karat gold in the price screen lists in Dubai

Dubai Gold and Jewelery Group has recently included a new karat in the price screen lists for karats of gold jewelry traded in commercial shopping centers and gold markets in the emirate.

The group’s price lists currently announced in the markets showed the listing of the “14 carat” carat at a price of 300.75 dirhams per gram, which makes it the lowest priced carat currently, after the “18 carat” carat was the lowest price during previous periods, while the gold markets currently have carats of 24, 22, 21, and 18 carats available.

Officials of gold and jewelry trading companies and outlets told Emirates Today that the inclusion of the “14-karat” karat, for the first time in the price lists of gold karats in the emirate, makes it the most economical karat in prices, allowing more diverse options for consumers, especially in light of the record highs recorded by the yellow metal recently, pointing out that the new karat is available in a number of sales outlets currently, and is expected to spread later, in a way that supports the demand for gold in Dubai, which is considered a preferred destination for purchasing. Artifacts.

Director of the International Department of Jewelry at Titan, Aditya Singh, said: “The inclusion of 14-karat gold in the Dubai markets supports the diversity of choices in the markets for consumers, and enhances the growth of demand for gold jewelry, in light of providing products at more affordable prices.”

He added, “The new karat is currently available in many sales outlets in the markets, and in a variety of jewelry patterns that provide modern models suitable for young consumers,” pointing out that “supporting the availability of new karats in the markets on an expanded scale enhances Dubai’s position as a preferred destination for tourists and residents to buy gold jewelry.”

In turn, the sales director at Al-Sarraf Gold and Jewelery Trading, Abdullah Muhammad Ali, said, “The launch of a new caliber of gold in the Dubai markets in the screens and price lists, with some gold stores starting to offer it, provides options and alternatives at low prices, especially with the record highs that gold has achieved during the past periods, which reached the highest rates in the history of the yellow metal.”

He added to “Emirates Today”: “14-carat jewelry was recently launched in Dubai markets, and it is expected that it will spread in later periods in the country’s markets, in light of the increasing demand for gold,” stressing that “14-carat has now become the lowest price in Dubai markets, after it was 18-carat during previous periods.”

He stressed that “the 14-carat carat complies with European standards, and is available in a number of European and international markets, and was launched in Dubai markets gradually, as it is considered one of the positive initiatives that meet the needs of consumers.”

In the same context, Dilip Patni, sales manager at the “Al Fannan Gold and Jewelery Trading” store, said: “Dubai has launched a new karat of gold on its price screen lists, with some stores starting to provide different models of gold jewelry in that karat, which is considered one of the first initiatives,” pointing out that “this type of gold jewelry is still not available in all stores in the market.”

Patni expected that the markets would witness a greater spread of gold jewelry of that caliber, which meets the tastes of different nationalities of consumers, especially since “14-karat” jewelry is common in a number of world markets, and attracts consumers, whether of European nationalities, or Russia, China, and Iran, in a way that supports the growth of sales in the Dubai markets as a gold trading center for various products and karats.