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December 18, 2024UAE gold jewellers stress one message – making charges are the lowest in the world
Gold prices have dropped nearly $70 an ounce in just 4 days – but UAE’s jewellery retailers are not relying on this alone as the Dubai Shopping Festival and other end-of-year promotions gather momentum.
Instead, this time, jewellers are emphasizing one message over and over again – that the making charges for gold and jewellery. The reason why retailers are doing so is understandable– gold prices remain at extremely high levels for a majority of shoppers despite the recent drop by $70.
Bullion is currently trading at $2,653 an ounce, while the UAE gold rate for a gram of 22K is Dh297. Jewellery prices in the UAE are the lowest anywhere in the world.
