Dubai: The emirate's gold industry fears consumer resistance to jewellery purchases if the precious metal crosses the $700 per ounce price threshold.
Dubai's jewellery sales volume last year was 108 tonnes and the industry is trying to achieve the same level this year amid anxiety over volatile gold prices, Unstable prices can make consumers delay their purchases and discourage traders from replenishing their stocks.
Dubai's jewellery sales volume last year was 108 tonnes and the industry is trying to achieve the same level this year amid anxiety over volatile gold prices, Unstable prices can make consumers delay their purchases and discourage traders from replenishing their stocks.
1 comment:
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