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UAE:H1 gold imports / exports up |
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2004-10-9
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Steady growth has been recorded in gold trade with India during the first half this year. The rise in trade despite higher gold prices was due to consumers foreseeing good investment in gold.
Dubai turning out as an important gold and jewellery trading centre as about 20 percent of global gold trade passes through the Emirate.
Dubai''s gold imports and exports rose substantially in the first half of this year, with imports of 290,574 kilos compared with 165,084 kilos in the same period last year and exports of 153,756 kilos compared with 52,370 kilos last year.
Value-wise, with an average gold price of $363.83 per ounce, the total value of trade in January-June this year was $5.8 billion, more than double of last year''s $2.5 billion.
Gold hovered around $400 mark during this year. |
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