Gold sales in the UAE rise 31.7% during the third quarter

Gold sales in the UAE grew during the third quarter of this year by 31.7%, compared to the same period in 2021, rising to 13.3 tons, compared to 10.1 tons, according to the "Gold Demand Trends" report issued by the World Gold Council. .

Jewelery sales rose 30.4 percent to 10.7 tons, compared to 8.2 tons during the same period last year, while bullion and gold coin sales grew 36.8% from 1.9 tons to 2.6 tons.

Retail affairs expert Davey Nagpal told Emirates Today: "The growth of gold sales confirms the high living standards of families, the presence of great purchasing power, as well as the growth of gold power as a major investment tool."

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