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Saudi gold sales down 30%
- Saudi Arabia: Thursday, July 23 - 2009 at 11:22
Saudi-based gold retailers have said that the volume of gold jewellery sales in the kingdom has fallen as much as 30 % in the first six months of the year, as the economic crisis and high gold prices deter buyers, Reuters has reported. 'Gold prices are just too high at the moment and people cannot afford these prices, even when we offer discounts on designs, that's why sales this year are down 30%,' said Salam Omar Bin Salman, deputy manager of Bin Salman Gold Jewellery, a medium sized gold retailer in the kingdom.
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StaffThursday, July 23 - 2009 at 11:22 UAE local time (GMT+4)
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