Should UAE investors buy gold amid record prices and market fluctuations? Here’s what experts told Arabian Business
Gold jewellery
Latest in Gold jewellery
Dubai
Joy Alukkas is now India’s richest jeweller, says new report
He mostly resides in Dubai, and stays the remaining months at his house in Kerala’s Thrissur district
24 karat gold
Dubai jeweller shows off $408,000 gold bike
Dubai jeweller’s golden bike and $2.9m green diamond ring on display at UAE expo
Ajman
UAE police arrest ‘Superman’ after $300,000 gold heist
Police in the UAE arrest three suspects within 12 hours of robbery
Gold
UAE gold and jewellery market to hit $3.6bn by 2030
UAE gold and jewellery sector on track to grow by 3.66 per cent until end of decade
Gold
India’s gold imports could be hit due to anticipated price rally denting retail demand
The UAE is the second largest exporter of gold to India, after Switzerland
Dubai
Dubai gold: $75bn sector shines with new groups
Dubai Chamber of Commerce introduces business groups for gold trade sector
Gold
2023 is already showing us why gold will reign
Global economic uncertaintiy is positivity for gold
Gold
Big, fat Indian weddings to push up India’s gold imports from UAE, other sources
As many as 3.2 million weddings are estimated to take place in India between mid-November and mid-December, driving up demand for the yellow metal in a big way
commodity trading
Dubai’s discount gold attracts Indian investors for Diwali amid global price slump
Indian expats prefer buying gold from the UAE, as the country has higher standards and tax-free rates
commodity trading
UAE-India gold trade loses glitter, with August imports by the South Asian country sees a sharp fall of 50 percent
A two and half percent duty hike on imports by the Indian government in July this year and softening of prices internationally are said to be the reason for the sharp decline in gold imports last month
Bullion Exchange
UAE gold exports to India could see a surge as new bullion exchange allows direct imports by jewellers
The move comes amid UAE issuing new due diligence regulations for responsible sourcing of gold in its bid to consolidate the country’s position as a major player in supply chains and global trade networks for the gold sector
bilateral cooperation
UAE-India gold trade could take hit following import duty hike, analysts say
The move could have implications for UAE-India gold trade despite the duty safeguards under the recently signed bilateral economic partnership agreement
commodity trading
India’s gold trade with UAE shines bright in October
UAE is the largest export market for gold jewellery from India, accounting for more than 75 percent of the country’s total exports, while the Gulf country is the second largest exporter of gold to India
gold imports
UAE to benefit as India’s gold imports in Q4 set for major surge
Gold imports by India saw a whopping 750 percent jump in September to $5.1 billion from a relatively meagre $601 million in September 2020
Gold demand
India’s coronavirus outbreak nearly halts country’s gold jewellery production
An expert says the decrease in production will have an impact on India’s jewellery exports to the UAE, which is the largest export market for India’s gold products
Chemmanur International
Why a projected jump in Indian gold imports is good news for the UAE
Domestic demand set to rise after India’s finance minister announces reduction in gold import duty to 7.5%
