Officials of Manafeth for the trade in crafts and jewelry, that the markets have recently witnessed an improvement in the demand for crafts, supported by the relative stability in gold prices, in addition to the increase in demand from tourist groups.
They pointed out to «Emirates Today», that the largest share of sales was concentrated in the 18 and 21 carats, especially for Asian and European clients, noting that the markets also witnessed limited improvement rates in the demand for gold coin products, whether for gifts or for savings.
In detail, the director of the "Fine Jewelry" company, Kalvish Kumar, said that "the relative stability in the price of gold and its lack of movement for more than two weeks has supported the improvement of sales of artifacts significantly in the markets recently, especially with the increase in the turnout rates of tourist groups of Indian and Chinese nationalities." And European ».
He pointed out that «the markets also recorded rates of improvement in the demand for the purchase of gold coins, with the support of price stability, for the purposes of saving or gifts for events».
For his part, said the manager of the «Bild Damas» store, Mitish Seroti, that “the markets have recently recorded remarkable improvement in the demand for buying jewelry and jewelry, due to the increased frequency of demand from tourists, especially European and Asian nationalities, which prefers demand for pieces from my standard 18 And 21 carats, preferred by those nationalities, especially that it is the most diverse in the design of models in its various categories ».
He added that «the price stability of gold is one of the positive factors whose effects have appeared in the markets during the recent period, especially as it motivated some dealers to buy their supplies and not delay the purchase decisions for later times.
The director of sales at the “Al Matroushi Jewelery” store, Deep Rajesh Sony, considered that “the failure to record gold prices new increases for a period of two consecutive weeks, had significant effects on attracting a number of dealers to buy artifacts, especially from the 18-carat gold pieces, which accounted for the share The largest of sales during the recent period, especially by European tourists.
He pointed out that «the markets have recently witnessed an improvement in the demand for sales of gold coins that were previously suffering from the phenomena of recession, with some dealers going to take advantage of price stability to buy currencies as gifts on occasions or for savings related purposes, especially with global expectations of gold price hikes Great during the coming period ».
Price indicators
In addition, at the end of last week, gold prices achieved relative stability rates similarly to their indicators in the previous week, with the exception of a retreat of 25 fils for a 22-carat gram.
The price of a gram of 24-carat gold was 188.25 dirhams, while the price of a gram of 22-carat gold amounted to 176.75 dirhams, a decrease of 25 fils, and the price of a 21-carat gold reached 168.75 dirhams, and the price of a gram of 18-carat gold reached 144.75 Dirhams.
The price of a gram of 24-carat gold is 188.25 dirhams.