Dubai gold imports dropped by 14.5 percent

According to a recent report the Dubai gold imports has dropped by 14.5% in 2009 compared with 2008. According to the World Gold Council the region’s gold demand fell 28 percent to 250 tones in 2009 as high gold prices drove demand down in the fourth quarter. The global economic downturn also continues to affect sales of Jewellery in Dubai due to lower than normal number of tourist. While on the other hand the exports of Jewellery through Dubai recorded a total of 9 percent increase to reach US$ 29 billion.