In Pictures: UAE shoppers are buying gold as price inches close to Dh200

Photos

Saturday, November 23, 2024

Gold / Forex

Photos Business

In Pictures: UAE shoppers are buying gold as price inches close to Dh200

Gold prices are trending lower, which is always a trigger for more jewellery buys

Published: December 03, 2021 10:48 Manoj Nair, Business Editor , Devadasan K P, Chief Visual Editor and Nivetha Dayanand, Web Editor

1 of 8

Stock Dubai Gold — Gold dropped slightly to Dh201.75 a gram early Friday in the UAE – and inching closer to that psychologically important Dh200 mark, from the shopper’s perspective. But will it? Image Credit: Clint Egbert/Gulf News

2 of 8

Even at Dh201.75, that’s still a vast improvement on the Dh221.25 that anyone buying on January 6 last had to spend on a gram. The latest Dubai Gold Rate is also a vast improvement on the November rates, when the price of a 22K gram was closer to Dh210. Image Credit:

3 of 8

Stock UAE Gold — This explains why UAE shoppers – and tourists in the country – were picking up gold and jewellery since December 1. The price that day was Dh202.50, and the drop below Dh203 was enough for UAE’s jewellery stores to ring up a 20-25 per cent higher sales than is standard for early December days in past years. Image Credit: Clint Egbert/Gulf News

4 of 8

5 of 8

6 of 8

7 of 8

8 of 8

GO DU 8-1615444353691 — So, is gold back on the agenda for shoppers in the UAE? The first few days of December sure makes it seem that it so. A further drop to Dh200 a gram for Dubai Gold Rate will confirm that. Image Credit: AFP

Latest In

Navjot Singh Sidhu announces his wife is ‘cancer-free’

33 minutes ago
What forcing Google to sell Chrome could mean

54 minutes ago
Indonesian President arrives in UAE on state visit

55 minutes ago
Nvidia's boom benefits billionaires and charity

60 minutes ago
Israeli missiles strike residential building in Beirut

1 hour ago

This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy.

Photos Business

Trending