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Saudi gold demand up 30%
- Saudi Arabia: Monday, August 20 - 2007 at 14:43
Demand for gold in Saudi Arabia rose 30% in Q2 with Umrah pilgrims and tourists helping to drive up sales, according to Arab News citing a World Gold Council report. Total demand in the kingdom amounted to 42.5 tonnes with the decision back in March to slice the duty liable on imported jewellery from 12% to 5% also playing a major part in boosting sales.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 20 - 2007 at 14:43 UAE local time (GMT+4)
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