Dubai's gold trade wobbles as price rises

The video discusses the dynamics of the gold market, highlighting a significant price increase due to financial instability and a weak dollar. Traders are cautious, reducing orders, but jewelry sales remain strong due to price compensation. Tourists, attracted by lower prices compared to their home countries, contribute significantly to gold purchases in Dubai. The government aims to double tourist numbers by 2015, which could further boost the gold sector.

What has been a significant factor in the increase of gold prices over the past year?

• Decrease in gold demand

• Wobbling financial markets

• Strong dollar

• Stable financial markets

How have jewelry stores managed to maintain revenue despite selling less gold?

• By increasing the number of stores

• By diversifying into other products

• By reducing operational costs

• By compensating with higher prices

What percentage of gold purchases in the market is attributed to tourists?

• 10-15%

• 20-25%

• 40-45%

• 30-35%

Why do tourists find gold cheaper in Dubai compared to their home countries?

• Due to weaker currencies back home

• Because of lower local taxes

• Because of strong local currency

• Due to lower quality

What is the expected trend for tourist numbers in Dubai by 2015?

• They will triple

• They will double

• They will remain the same

• They will decrease