Weak gold prices has Dubai consumers clamouring for more

Dubai: With local gold prices dipping below the Dh140 a gram (for 22-karat) level for the first time this year, it was enough to unleash a manic round of buying at jewellery stores in the UAE and the Gulf over the weekend. If the current levels — of around Dh140 — can sustain itself, it could lead to a surge in buying ahead of the key festivals of Eid and Diwali next month, industry sources say.

Weak gold prices has Dubai consumers clamouring for more