Gold prices rise 1.5 AED per gram in a week

Strong rebound of economic activity in America

The prices of gold, yesterday, up ranged between 75 fils and 1.5 dirhams per gram in various calibres, compared to rates, prices late last week, according to the stated price signals in the markets of Dubai and Sharjah until yesterday afternoon.

The price of gold has exceeded declines five dirhams per gram, last week, after it posted gains ranged between 3.75 and 4.75 dirhams, during the previous week, after a period of relative stability has limited declines since the middle of last month.

And achieved gold sales, according to traders in local outlets, increased during the past two weeks, helped by lower prices and increase demand customers to buy jewelry and gifts before traveling to spend summer holidays in their countries.

And was, yesterday, the price of love 24-carat 189.5 dirhams, an increase of 1.5 AED for the end of last week, while the price of a gram 22 carat to 178 dirhams, an increase of AED 1.25, the price of a gram of 21-carat carat 169.25 dirhams, a rise of AED one , while the price per gram 18 carat 145.25 dirhams, up to 75 fils arrived.

The director of the place of «Jewelry Alujain» Trade jewelry, Ahmad Ebadi, said that «the high price of gold this week did not affect the rates of sales significantly, because of the continuing demand for acquisition by the dealers who intend to offer gifts for various social events or gifts before traveling to their countries , making the impact of price increases very slightly »

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