Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies,
Spirituality, Home Schooling, Home Mortgages and more, in:
UAE shoppers world's top gold buyers Posted: Sunday, April 23, 2006
Dubai
An average shopper in the UAE bought 30 gm of gold annually compared to the global average of less than one gm, according to a survey.
South Asians constitute 70 per cent of gold buyers, followed by East Asians with 22 per cent, according to the research conducted by Dubai's ARY, a leading gold and jewellery firm.
Arab and European consumers make up four per cent each, the study said .
The survey, which covered 3,200 people across the country. About 350 outlets in the Gold Souq, the city's gold trade hub, display about 20 tonnes of jewellery at any given time, according to the study.
Rising prices have not had a major impact on retail gold sales in Dubai because people are now looking at the precious metal as an asset.
Serving Freedom
and Liberty
