UAE gold sales hit $3.72 billion last year

March 16, 2009

Commodity Online
DUBAI : World Gold Council on Monday said jewellery sales in the United Arab Emirates has increased by 17 percent to $3.72 billion last year.

In a statement, the WGC said the regional market remained healthy when compared to global markets.

Trade sitting at the comfort of home. Start with a mere 50$

While jewellery accounts for 90 per cent of total consumer demand, net retail investment witnessed strong growth of 38 per cent in the last quarter of 2008 compared to the same period of the previous year, WGC said.

WGC said, by end of 2008 and first quarter of 2009, consumers’ excess demand was towards coins and bars in addition to jewellery with relatively low production costs.

To buy Hallmarked 999.9 Pure Swiss Gold Bars, Gold Bullion, Gold Ingots & 916 Gold Coins in Singapore or convert your 916 Physical Gold to physical 999.9 Pure Swiss Gold Bars, Click on Buy Gold to find out more. You may Sell Gold to us too.

[ Back To Home ]