Browse related articlesGold remains robust in Middle East
Middle East: Saturday, February 16 - 2008 at 14:08
The retail gold sales increased by 24% in 2007 in UAE, 33% in KSA, 29% in Egypt and 19% in the other Gulf countries, reported the World Gold Council. The total gold consumption which include jewellery and investment, in terms of tonnage increased from 315.6 in 2006 to 348.4 tonnes in 2007. This is despite the high and volatile gold prices during Q4 where the gold jewellery consumption dropped by 9% in the UAE, 10% in KSA, and 11% in other Gulf countries.
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Medilyn Manibo, Assistant News EditorSaturday, February 16 - 2008 at 14:08 UAE local time (GMT+4)
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