The increase in sales of gold and jewelry from it on the basis of the first week of the Dubai Trade Festival has reached a record value over the past seven years. Jewelers note, the market does not show signs of slowing and after fixing this record. In particular, during the first 11 days of the festival, gold and jewelry were sold 35 percent more than in the same period last year. As the general director of the Dubai Gold and Jewelery Group, Tomy Joseph, said, sales data turned out to be the best for the last seven years, Russian Jewelery Network reported with reference to DV-ROSS.
At the current Dubai trade festival, they sell an average of 250 kilograms of gold daily, while last year the average sales volume was 150-175 kilograms per day. At the same time, the available data on sales this year are not complete - not all participants of the festival reported their achievements, so the final result may be higher. According to experts, the Dubai site is very popular among gold buyers, thanks to a wide representation of sellers from around the world. In addition, there are practically no intermediaries and gold can be bought without additional margins. Many buyers perceive the purchase of precious metals as an investment.
So, light gold ornaments and commemorative coins are especially popular among buyers in Dubai. The majority of clients are from India, the Middle East and Europe.