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Saudi gold rush
- Saudi Arabia: Thursday, October 27 - 2005 at 08:13
Saudi Arabia is leading the region in consumption of gold due to salary increases and the strict implementation of custom laws which have led to a decline in gold smuggling, reported Gulf News. Gold consumption rose 18% in the Kingdom in Q2 2005, according to the World Gold Council. The UAE was next with a rise of 9%.
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James McInerney, News EditorThursday, October 27 - 2005 at 08:13 UAE local time (GMT+4)
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This article was updated on Sat Jun 16 2007.
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