Dubai Shopping Festival boost gold buying by 50 percent

Dubai shopping festival is expected to help boost gold buying and attract more customers to invest in gold. Customers feel it is the right time to buy jewellery because gold price has come down by Dh10 from Dh160 to Dh150 during the festival. The World Gold Council and Dubai Gold and Jewellery Group expect gold sales to grow by 50 percent during the DSF promotion. Shoppers who spend Dh500 on gold jewellery purchases at the participating outlets can win half-a-kilo gold daily and five kilos on the last day of the festival.