Gold prices continued their increases, for the ninth week in a row, recorded at the end of last week, increases with values that ranged between 75 fils and a dirham for love from various calibers, compared to their prices at the end of the week on it, according to the price indicators announced in Dubai and Sharjah, bringing the total price of the price of a gram of gold to 40.75 dirhams in nine weeks.
Gold and jewelry trading officials said that the continuation of gold prices has contributed to stimulating and strengthening the trade of gold bars in the market.
They assured to «Emirates Today» that the sales outlets are witnessing an increasing demand from those who deal with the sale of gold in their possession, to take advantage of the yellow metal prices, which recorded the longest series of successive increases at unprecedented record rates.
“Gold recorded the tallest consecutive series of increases, at unprecedented standard rates,” said Ricky Dahk, director of “Ricky for Gold Trading and Jewelery,” noting that the continuation of the high prices contributed to increasing the activity of alloys in the market Different to stores, to take advantage of the price rises that exceeded 40 dirhams per gram.
He added: «On the other hand, the demand for the purchase of new golden artifacts is witnessing slowly, while continuing the yellow metal to record increases that have reached its largest rates ever, while the demand is concentrated, if any, in a limited purchase of gifts from small -weight pieces.
For his part, Jay Dahkon, Director of Dahkan, said: “The sale of alloys to the store is acquired on the major shares of the gold trade during the recent period, with the support of the continuation of the prices of yellow metal in recording more rises.”
He added: “Gold recorded price increases for about nine consecutive weeks, in a series that is the longest of its kind in successive altitudes, which reflected positively on the trading of alloys at high rates.”
“The major sales of sales during the recent period focused on the activity of selling alloys to stores to take advantage of the continuous standard increases in gold prices.”
He pointed out that the demand for new golden artifacts was limited, in a large share of it, to the tourist groups that supported the purchase through souvenirs of golden artifacts and jewelry.
Gold prices
At the end of last week, the price of 24 karat gold, 353.75 dirhams, reached one dirham, compared to its price at the end of the week before, while the price of a 22 -carat gold gram recorded 329.25 dirhams, an increase of one dirham.
In turn, the price of a 21 -carat gram reached 315.5 dirhams, with a height of 75 fils, and the price of a 18 -carat gold to 270.5 dirhams, an increase of 75 fils.
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