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Price drop spurs gold rush
- United Arab Emirates: Saturday, October 25 - 2008 at 09:11
Thursday night and Friday afternoon had been busy times for jewellery sellers as buyers rushed to buy gold with prices plummetting to as low as Dhs80 for a gram of 22 carat gold, Gulf News has reported. The drop in prices had been attributed to a combination of lower oil prices, financial meltdown, profit-making and the upcoming Diwali festivities. Sales volume had been seen increasing by 400% on Thursday night.
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Medilyn Manibo, Assistant News EditorSaturday, October 25 - 2008 at 09:11 UAE local time (GMT+4)
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