Saudi Arabian gold jewellery sales down 30 percent in H1 2009

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02-Aug-2009

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The volume of gold jewellery sales in Saudi Arabia has fallen by as much as 30 percent in the first six months of 2009, as the economic crisis and high gold prices deter buyers, according to gold retailers in the Kingdom. Gold prices are just too high presently and people cannot afford these rates, according to Salam Omar Bin Salman, Deputy Manager, Bin Salman Gold Jewellery, a medium sized gold retailer in the Kingdom.

 

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