“Valentine” stimulates the demand for currencies and golden artifacts

Officials of the gold and jewelry trading outlets reported that the markets have witnessed an improvement in demand for artifacts, jewelry and gold coins, with the support of the “Valentine” offers.

They indicated to «Emirates Today» that the launch of a number of stores for promotional offers, on the occasion of “Valentine”, reflected positively on the demand, despite the continued rise in the prices of yellow metal and the record of new record rates.

Gold prices, at the end of last week, recorded increases between 5.25 and 7.25 dirhams for grams of various calibers compared to their prices at the end of the previous week, according to the price indicators announced in Dubai and Sharjah, while the yellow metal increases continued for eight consecutive weeks, and the total price of grams reached 39.75 dirhams Within eight weeks.

The price of a 24 -karat gram was 353 dirhams, with a height of 7.25 dirhams, compared to its prices at the end of the previous week, while the price of a 22 -karat gram recorded 328.25 dirhams, an increase of 6.5 dirhams, and the price of 21 karat gram reached 314.75 dirhams with a height of 6.75 dirhams, as well as The price of a 18 -karat gram reached 269.75 dirhams, an increase of 5.25 dirhams.

“The markets witnessed a demand for the demand for artifacts and jewelry, with a number of dealers to buy gifts on the occasion of (Valentine),” said Anwat Sinha.

Several offers and models dedicated to the occasion, which attract many dealers to buy gifts.

He added: “The effects of that occasion in the markets continue for days, especially with the different purchase orientations of the dealers, as some prefer to buy before or during the occasion, while some are heading to buy in the next days.”

For his part, Daimo Son, Daily Sun, said that “the occasion (Valentine) is one of the occasions that have a positive impact on supporting and stimulating the sales of artifacts and jewelry.” He added: “Although gold prices continue to record record increases, the markets have witnessed an improvement in the demand for a number of products, including gold currencies, with different weights.”

As for the director of the “Machu Gold and Jewelery Trading”, Raj Bahi, he said that “the markets have witnessed an improvement in demand despite the great rises in gold prices, with the support of the occasion (Valentine) that stirred the demand for the gifts of the workforce from small weights, while deals went to buy currency gifts Gold, with its smile, that it can be used for decorative purposes or for savings and selling purposes separate.