Yesterday, gold prices recorded limited declines of 25 fils per gram of various carats, according to the prices announced in the Dubai and Sharjah markets.

Officials of the outlets of selling jewelry and goldsmiths said that the local markets recorded remarkable growth rates during the recent period in sales of handicrafts and jewelry to tourists, with the popularity of the tourist groups movement that is currently visiting the country, which contributed significantly to boosting the demand for gold, noting that most of the operations Your purchase centered on the small pieces.

the prices

In detail, the price of a gram of gold yesterday, 24 carat, reached 178.5 dirhams, a decrease of 25 fils, compared to its prices at the end of last week, according to the prices announced in the Dubai and Sharjah markets, while the price of a gram of 22 carat gold reached 167.5 dirhams, a decrease of 25 Fils also.

The price of a 21-carat gram reached 160 dirhams, down 25 fils, while the gram price of 18-carat gold recorded 137 dirhams, down 25 fils.

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Meanwhile, the director of the «Ali Ammar Precious Stones and Jewelry» company, Mohamed Rafik, said that “the local gold markets have recently witnessed an increase in the demand for buying gold and jewelry, with the support of tourists who accept to buy golden gifts from local markets.”

Rafik added, "The popularity of tourism cohorts during the current period in the state's markets, and the relative stability in gold prices with no significant increases recently, are all factors that contributed to stimulating the movement of demand in the various sales outlets."

He expected the demand for golden artifacts to continue until the end of this month, as December is one of the months that witness a great tourist attraction in the country, especially with its accompaniment to the Christmas and New Year seasons.

Small artifacts

For his part, the sales official at the "La Brillant Jewelry" store, Greesh Ram, explained that "the growth in sales during the current period included jewelry and golden artifacts, with the increasing movement of tourists from different nationalities to buy golden gifts from the state during the period of spending their vacation in it ».

Ram said that "despite the growth in the turnout rates for the outlets to buy now, most of the sales were concentrated in cutting small-sized crafts."

He considered that "the activity of the activity that the local markets are currently witnessing in the demand for handicrafts and jewelry contributed to compensating for the slowness of demand recorded by the sales outlets during the months of November and October."

Turnout recovery

In turn, the director of the "Baghdad jewel for gold trade" company, Intissar Ward, stressed that "the increase of tourist groups to the country during the current period revived the demand for buying gifts of golden jewelry and jewelry." Ward pointed out that «sales of tourists significantly returned demand to sales outlets, after the period of calm in the markets after the last national day holiday».

- 167.5

Dirhams gram price

Gold caliber

22 carats.

Sales bone is concentrated in small pieces.