Thursday, 3rd June 2004 (2629 views)

The movement of gold in and out of Dubai is running at a fairly intensive level, according to new statistics released by the Dubai Metals and Commodities Centre (DMCC).

According to the DMCC a total of 116,913 kilos of gold were imported from the region in the first quarter of 2004, while exports hit 61,653 kilos.

The DMCC figures show that the total value of the gold passing through the region stood at a massive $2.3 billion for the quarter.

In a statement the organisation declared: "Official figures for the first three months of 2004 show a healthy increase both in the movement of gold in and out of Dubai."

"DMCC feels that this matches the increased activity in other local gold centres but it is too early to decide if this level of business that can be maintained."

 

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