Gold sales up on June due to summer buying

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.