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Abu Dhabi gold sales slump
- United Arab Emirates: Monday, January 05 - 2009 at 09:37
Abu Dhabi saw gold jewellery sales fall about 40% in December from November. According to Tushar Patni, the chairman of Abu Dhabi Gold and Jewellery Group, January sales could pick up if prices retreat enough to make the precious metal more attractive to buyers looking for an alternative to investing in equities. Prices in December averaged about Dhs99 a gram, up around 11% from November.
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StaffMonday, January 05 - 2009 at 09:37 UAE local time (GMT+4)
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