Posts

Showing posts with the label Gold Souq Dubai

Gold Souk Dubai...

Image
  Gold souk Dubai    "At its inception in the early 1900s there were only a handful of local jewelers. It grew considerably in the 1940s when new trade policies encouraged Iranian and Indian entrepreneurs to set up shop, but it was the oil boom of the 1970s that made the Dubai Gold Souk the icon it is today"    The Dubai Gold Souk, is a traditional market in the heart of old Dubai. This market mainly sells gold, silver and precious stone Based on its interactions with traders and customers, the Dubai Municipality will be giving a facelift to Gold Souq in Deira, officials have said. Dubai gold Souq is the most visited tourist destination, here you can buy the gold with attractive prices, over 380 Retailers offer gold, silver, platinum and Diamond. Interesting points,  1. Gold accounts for 20% of UAE total non-oil exports 2. 20 to 40 % of the world's gold stocks pass through Dubai every year  3. 40 to 50 ton gold are available in the market any point of time.  4. Up to 10 m