Gold prices decreased at the end of last week between 6 and 7.75 dirhams per gram of various karat, compared to their prices at the end of the previous week, according to price indicators announced in Dubai and Sharjah.
Officials of gold and jewelry trade outlets indicated that the recent significant declines in gold prices stimulated the demand for gold bullion in the markets, with a number of dealers preferring to buy during the current period for purposes related to saving or investment, pointing out that the decline in prices was reflected in a limited way. Artifact sales.
In turn, dealers reported that they bought gold bars in small and medium pieces, to take advantage of the decline in prices.
In detail, the trader, Mr. Ali, said that he “bought two pieces of gold bullion at medium weights, for purposes related to saving and benefiting from the great price decline that gold has recently recorded.”