00:00 The prices have been rising since the beginning of the year, and dealers are waiting for the prices to go down to accept the purchase again.
00:12 The Emirati gold markets are still in a good position, and demand is still stable for small and medium-sized coins.
00:23 Unlike what is expected when the price of a product rises, demand for gold in the Emirates has increased in recent weeks.
00:31 And after a calm and stable situation in the past month of Ramadan, in the light of the economic changes and geopolitical crises that are taking place worldwide,
00:41 the silver mine is attracting attention among the list of the best safe places and receiving a lot of tourists and visitors from the state.
00:51 I think it's smart to invest in gold now, and of course its prices will continue to rise.
00:58 Maybe it's better than Bitcoin. I will think about buying when I cross the second side to the gold market in Dubai.
01:07 According to some dealers, the expectation of the one ounce price to continue its upward trend to $2,500 in the coming months,
01:16 while others say it's hard to predict changes in prices.
01:21 Between this and that, the store is making plans to attract more customers and maintain its selling rate,
01:28 by offering new offers and innovative ways of payment.
01:33 Actually, the market is going higher, but we are still getting good customers.
01:42 The reason is our plans to attract them, including a month-long purchase price if 10% is paid in advance.
01:49 We also offer a new set of offers, and we try to manage and deal with the rising prices.
01:56 Foreign tourists love the small pieces of silver, which is very unique.
02:04 But Indians love the big pieces, like the gold, which is not very expensive, like the Kolkata design.
02:14 The Kolkata design requires a lot of manufacturing, because it's handmade.
02:19 So Indians and some Chinese go there.
02:24 The Central Bank's gold balance has fallen by more than 1% on a monthly basis since January, to about 17.921 billion dirhams,
02:37 compared to about 18.147 billion dirhams in December 2023.
02:45 But this balance has seen a noticeable growth in recent years, rising from about 1.134 billion dirhams by the end of 2018.
02:56 For CNBC Arabia, I'm Nada Abdussalam, Dubai.
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