Tuesday 26 September 2017
 
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precious metals

Abu Dhabi trade in pearl, precious metals tops $4bn

Abu Dhabi's trade in pearl, gemstones and precious metals surged 66 per cent to Dh15.4 billion ($4.19billion) in 2016, compared to Dh9.25 billion in 2015, a report said, citing the Statistics Centre-Abu Dhabi (SCAD). The growt

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Abu Dhabi trade in pearl, precious metals tops $4bn

Abu Dhabi's trade in pearl, gemstones and precious metals surged 66 per cent to Dh15.4 billion ($4.19billion) in 2016, compared to Dh9.25 billion in 2015, a report said, citing the Statistics Centre-Abu Dhabi (SCAD). The growt

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New precious metals test centre on way in Bahrain

A new state-of-the-art Assay Office to test and hallmark precious metals is expected to open in Bahrain by next year. The announcement, which was revealed by the GCC Gold and Jewellery Association’s Bahrain chapter following

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New precious metals test centre on way in Bahrain

A new state-of-the-art Assay Office to test and hallmark precious metals is expected to open in Bahrain by next year. The announcement, which was revealed by the GCC Gold and Jewellery Association’s Bahrain chapter following

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Gold rebounds; Europe, US debt worry weighs

Spot gold rebounded on Tuesday, as a decline of more than 2 percent in the previous session attracted some buyers, while worries about debt crises in both the US and the euro zone are expected to keep sentiment fragile. US lawmakers abando

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450 delegates for Dubai gold summit

More than 450 delegates comprising CEOs, industry leaders and bankers from local and international markets are expected to participate in an upcoming conference on gold and precious metals in Dubai. The eighth Dubai City of Gold Conference

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Outlook for precious metals ‘remains bullish’

The outlook for the precious metals market remains extremely bullish, primarily as a consequence of the ongoing Eurozone crisis, said an expert. There are a range of compelling reasons to believe that the future price outlook for precious

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China's gold imports may exceed 400 T in 2011

China's gold imports may exceed 400 tonnes this year and investment demand for the precious metal was seen reaching 300 tonnes from around 200 tonnes in 2010, a senior executive at metals consultancy GFMS said on Thursday. Philip Kalpw

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Damas acquires 100pc stake in Kuwait unit

Damas, the leading jewellery and watch retailer in the Middle East, has acquired the remaining 10 per cent share capital of its existing joint venture operation in Damas Kuwait. The move increases Damas’ stake in Damas Kuwait to 100 per ce

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Gold investors choose bars over ETFs in Q1

Investors forsook gold exchange traded funds in the first quarter in favour of coins and bars, the World Gold Council said, with buying of physical investment products helping lift overall bullion demand by 11 per cent. The WGC said ETFs r

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