Gold sales up on June due to summer buying

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22-Jul-2010

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Retail gold sales in Dubai and Abu Dhabi jumped over 30 percent in June due to holiday buying which is expected to stay robust into the first-half of July. During June and July many people travel for the summer and buy gold as gifts and this year people had a little more money to spend compared to last year. Gold futures volumes on the Dubai Gold and Commodities Exchange rose 24 per cent in June compared with the previous month.

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