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Monday, 14th June 2004 (5032 views)

The summer holiday season is increasing the demand for gold in Abu Dhabi, according to the Khaleej Times.<BR/><BR/>Many expatriates are returning home for their summer vacation and are taking presents of gold for their relatives and friends, as is the custom for Indian families. <BR/><BR/>Manager of Alukkas Jewellery, Mr Varghese, told the newspaper: "Within the last two weeks itself, we have had a good 32 to 35 per cent increase in the sales. We are expecting a further increase in the coming months too, as more and more people will be leaving."<BR/><BR/>The demand has also been increased by a number of high-profile promotions and the general fall in the price of gold. <BR/><BR/>The gold rate remained steady at DHS 43.50 per gram, just three weeks ago the gold rate was DHS 47.50 per gram.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2824735"/>

 

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