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Gold sales slump
- United Arab Emirates: Wednesday, March 19 - 2008 at 08:09
Gold sales in February were down 15% from a year-ago due to record high prices for the precious metal, reported Reuters. Gold prices have risen more than 23% this year, touching $1,030 an ounce at its peak. Tawhid Abdullah, managing director of the Dubai Gold and Jewellery Group, said diamond jewellery sales are compensating for the drop in gold jewellery.
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Jeff Florian, Senior ReporterWednesday, March 19 - 2008 at 08:09 UAE local time (GMT+4)
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