UAE gold jewellery sales volume rises in June 2008

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04-Sep-2008

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Gold jewellery sales volume rose 17.0 % in Dubai in June 2008 after picking up by about 15.0 % in Q2-2008 on expatriate demand according to Tawhid Abdullah, managing Director, Dubai Gold & Jewellery Group (DGJG). Meanwhile, gold jewellery sales in Abu Dhabi rose 40.0 % in June 2008 and 15.0 % in Q2-2008 as many expatriates, mainly from the Indian subcontinent spent part of their savings on buying jewellery ahead of the summer holiday season.

The value of gold sales in the UAE rose 15.1 % to USD $ 862.0 million during Q1-2008.

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