The Chairman of the Board of Directors of the Dubai Gold and Jewelery Group, Tawhid Abdullah, told Emirates Today that the total value of gold sales in various products, including alloys and handicrafts, in addition to jewelry and diamonds Crude and polished reached 274 billion dirhams in Dubai markets during the past year.

Abdullah explained that this growth is due to an increase in tourism activity in the markets, an increase in demand for gold products, especially in the wholesale and re-export sector, as well as price increases In the value of gold.

The Chairman of the Board of Directors of the Gold and Jewelery Group in Dubai stated that the first quarter of this year witnessed a revival of sales of the gold and jewelery market in Dubai, an increase of 5% compared to the same period of Last year, due to the impact of the VAT refund to tourists, in conjunction with the special offers of the Dubai Shopping Festival, which in turn increased sales rates.

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