Dubai: The price of gold in the UAE, the country of the Arabian Peninsula, is low. The number of people who want to buy has increased with arrival. Summer vacations, festivals, Covid-19, weddings and other events Liveliness also causes congestion. Sales increased by more than 20 percent over normal months. Traders say. Last day in Dubai, 22 carat gold was 197.50 dirham per gram and 24 carat The price is 210.25 dirhams. This year only in this season 22 carat gold is priced at 200 dirhams per gram. showed lower prices in. Most of those who want to buy gold are Those arriving on tourist visas and transit passengers Yapari says. When the price falls, there may be an increase in the sale of conventional gold. There is Unexpected growth in sales during busy seasons It is rull. A combination of price cuts and summer vacations is a post-Covid financial crisis. Gath is highly visible and causes congestion.
India and the UAE signed a cooperation agreement in February. Turn 5 percent import duty waived gold trade There was a lot of excitement in the area. It is only after this that the price reduction keeps the market lively. Th. Indians flock to UAE to buy gold jewellery. is taking Even those who come and return on a visit visa to their loved ones in the country. Mmanama and other goldsmiths. Expatriates buy more gold as prices fall Kachavadkar points out that it has arrived. US dollar stronger in international markets Valuation is affecting the price of gold.
The price drop is expected to continue for a few more days. that
At the same time, the law of gravity for importing gold into the UAE is It has been in existence since January next year. Directed that the source of the gold reaching the state should be clear. Taking is the new rule. Traders are concerned about whether the implementation of the rule will cause a change in price. Kahak is not sure. Targeting establishments that import and process gold It is the Ministry of Finance that implements the law. A clear account of where the gold arriving in the state came from. The recommendation is that the companies should have
It will help prevent illegal gold trade. Menna is expected.