Most of the deals are likely to come from Saudi Arabia and the UAE
Most of the deals are likely to come from Saudi Arabia and the UAE
Irrespective of the price hike, jewellers have witnessed a significant demand for 18K jewellery
The local currency had climbed to 22.95 dirham on Monday
The rising prices paused after hitting a peak of close to $2,200 on Friday
The precious metal prices reached a record peak of $2194.99 on Friday on the back of a cooling US labour market
Precious metal prices have gained Dh7.5 this week so far and Dh10.5 per gram since the start of the year
Yellow metal rallied to a fresh record on Wednesday, building on stellar momentum driven mostly by bets for US monetary easing
The local unit was also dragged down by the negative sentiment in the equity markets
Precious metal is primed for a substantial move, second only to cryptocurrencies
The yellow metal surged by about $50 over last week, driven by tepid US manufacturing and construction spending