Dubai gold trade up 73% in Q1
Dubai Multi Commodities Centre said that gold trade through Dubai reached $7 billion in the Q1 of 2008, up by 73% during the same period in 2007.
Dubai’s gold trade has witnessed consistent growth over the last six months, registering a 42% increase over the Q4 of 2007, when it reached $4.96 billion, DMCC said. Gold price averaged $925 per ounce during the Q1 of 2008. According to figures compiled by the Statistics Department of Dubai World, a total of 115 tons of gold was exported from Dubai in the Q1 of 2008, an increase of 74% from the corresponding period in 2007, and 49% higher than exports during the last quarter of 2007. Gold exports from Dubai recorded 66 tons in the Q1 of 2007, rising to 77 tons in the Q4 of 2007. (JCK India)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.