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UAE: Gold Jewellery Demand Plummets 86 Percent in Q2
August 3rd, 2020 - 06:00 GMT

UAE: Gold Jewellery Demand Plummets 86 Percent in Q2

Gold jewellery demand in the UAE slumped 86 per cent in the second quarter to just 1.3 tonnes compared to 9.3 tonnes in the same period last year due to a lockdown in the wake of the coronavirus pandemic, according to the World Gold Council (WGC). Data from the council showed that the UAE's first-half gold jewellery sales nearly halved (46 per cent) to 10.8 tonnes against 20 tonnes for ...
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