Dealers attributed it to demand growth and stimulating purchase prices

Demand for new goldsmiths reached the highest level in 4 weeks

The price of a gram of 24 carat amounted to 218.5 dirhams.

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Officials of gold and jewelry trade outlets reported that sales of new gold works have improved gradually and in varying proportions, reaching the highest level in four weeks.

They pointed out to "Emirates Today" that the improvement in sales is supported by the growth in demand from tourist groups and residents within appropriate price limits, noting that the markets witnessed varying rates of turnout for tourists and dealers of African nationalities.

In turn, the manager of the "Dahken Jewelery" store, Ashok Poet, said that "the last days have witnessed an improvement in demand for the purchase of new gold works, and it could be considered the best compared to the previous four weeks."

He added that "the improvement is due to the continuation of gold prices at appropriate rates compared to the previous two weeks, in addition to the improvement in demand from tourists and residents, while the markets witnessed rates of turnout from dealers and visitors of African nationalities," noting that "the artifacts that captured the largest proportions of demand, from 21 karat.

For his part, the manager of the “Mashoom Gold and Jewelery” store, Raj Bahi, said that “the improvement in demand for sales of new works is the best in about four weeks, with the stability of prices at appropriate rates, in addition to the tendency of some dealers to buy for fear of the return of prices to rise during the periods. coming.”

He explained that "the growth of demand from tourist groups is one of the things that support the growth of sales, which is expected to witness an improvement at greater rates in the coming periods, especially in the event of price stability or a further decline," noting that "the markets witnessed a turnout from dealers of African nationalities." .

The director of the "Baghdad Jewelery" shop, pioneers Diaa Al-Saudi, considered that "the improvement in demand for new works is coming gradually and in varying proportions, and is considered the best in about four weeks, due to the growth in demand from tourist groups and the relative stability of prices at appropriate rates for purchase."

He added that "the largest percentage of sales were concentrated in manufactured products of 18 and 21 carats."

In addition, gold prices rose, at the end of last week, between one dirham and one and a half dirhams per gram of various karats, compared to the prices of the previous week.

The price of a gram of 24 carats amounted to 218.5 dirhams, down 1.5 dirhams, while the price of a gram of 22 carats amounted to 205.5 dirhams, down 1.25 dirhams.

The price of a 21-carat gram reached 196.25 dirhams, down by one dirham, and the price of an 18-carat gram reached 168.25 dirhams, down by one dirham.

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