Gold jewellery sales high in Dubai

The festive month contributed to good sales
Gold jewellery sales high in Dubai

Gold jewellery purchase in Dubai has increased by 32 percent in September 2008, as compared to the same month a year ago. The difference in sales is on account of drop in gold prices, as reported by Reuters.

In August 2008, sales were higher than in September by 3 percent due to consumers purchasing more during the fasting month of Ramadan and the Eid feast.

The price of gold stood at $748.34 an ounce in September, the lowest in 12 months, while in mid-march 2008 it was at its all-time high of $1030.80 an ounce. During July and August, the fall of gold prices helped surge purchase.


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