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The total gold trade through Dubai reached USD $ 19.03 billion in 2007, an increase of 29 % over corresponding 2006 figures, according to a statement by the Dubai Multi Commodities Centre (DMCC). In 2006 Dubai’s gold trade was estimated at USD $ 14.75 billion up from USD $ 10.73 billion in 2005.
A total of 559 tonnes of gold was imported into Dubai in 2007, up by 14 % from 489 tonnes in 2006. Exports from Dubai increased marginally to 287 tonnes compared to 274 tonnes in 2006. In Q4-2007 gold trade grew by 34 % to nearly USD $ 5.0 billion from USD $ 3.74 billion in the same period in 2006. In Q4-2007, Dubai imported 107 tonnes and exported 77 tonnes of gold.