Gulf News: Tonnes of gold: 9% jump in Dubai sales

3 August

Gulf News Markets:

“Dubai: Gold jewellery sales in the UAE picked up slightly — by 9 per cent — in the second quarter to total 12.2 tonnes from a year ago.

But retailers have little to cheer about as the Q2-17 total represents a dip from the 14.5 tonnes recorded in the first three months of this year, according to the latest updates from World Gold Council.

There were also some gains in demand for gold bars and coins during the April to June period.”

Read the full article here