CNN Business: Buying gold is a holiday tradition in the Arab region. Does this increase prices? Mazen Salhab, chief market strategist at BDSwiss, stated that despite the high activity in the gold and jewellery markets in our Arab region, the market size and demand are limited and cannot impact global gold prices. He added, "We may witness a temporary rise in jewelry and gold prices during this period, but this is primarily due to merchants seeking greater profits, nothing more." In turn, Bas Kooijman MSTA, CEO at DHF Capital, said, "We do not expect an ounce of gold to reach $2,500 in the short term, unless there is further escalation in the Middle East." He estimated that the price of an ounce would range between $2,375 and $2,400 by the end of the year, but he did not rule out the possibility that the market could turn positive and that prices could easily move from $2,500 to $3,000, for example. He explained that gold tends to exceed price barriers, and surpassing the $2,500 level would generate optimism among investors and traders. Watch the full interview here: https://lnkd.in/dyawYeNG #CNN #Gold #MiddleEast #DHFCapital #BDSwiss
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Gold prices surged again in Pakistan's local market on Saturday, with an increase of Rs500 per tola, mirroring global trends. The All Sindh Saraf Jewellers Association confirmed that the price per tola has reached a new high of Rs272,500, with 10-gram gold now at Rs233,625 after a Rs429 increase. These record-breaking figures are in line with rising international gold prices, reflecting strong demand and market pressures. This surge is expected to impact the jewelry industry and gold investors across Pakistan. Visit https://lnkd.in/dYepVRg8 to know more about us #Gold #Pakistan #GoldPrice #Investments #JewelryMarket #EconomicTrends
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The price of gold surged to a new high, reaching 2 lakh 83 thousand 100 rupees per tola. This significant increase reflects ongoing shifts in the global and local markets, with investors turning to gold as a safe haven. The rising gold prices continue to impact consumer behavior, particularly in the jewelry sector, as demand fluctuates in response to these changes. #GoldPrice #MarketTrends #Investment #Economy #JewelryMarket
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The price of gold in Pakistan has soared to a record high of 2 lakh 73 thousand per tola, marking the highest level in the country's history. This unprecedented rise reflects the ongoing volatility in global markets, increased demand for gold as a safe-haven asset, and economic uncertainties. The sharp surge in gold prices is impacting both investors and consumers, particularly in the jewelry market, as gold continues to be a key indicator of economic trends. #GoldPrice #RecordHigh #PakistanEconomy #SafeHaven #GlobalMarkets #EconomicTrends #JewelryMarket #GoldInvestments #InflationImpact #PreciousMetals
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The price of gold in Pakistan has soared to a record high of 2 lakh 73 thousand per tola, marking the highest level in the country's history. This unprecedented rise reflects the ongoing volatility in global markets, increased demand for gold as a safe-haven asset, and economic uncertainties. The sharp surge in gold prices is impacting both investors and consumers, particularly in the jewelry market, as gold continues to be a key indicator of economic trends. #GoldPrice #RecordHigh #PakistanEconomy #SafeHaven #GlobalMarkets #EconomicTrends #JewelryMarket #GoldInvestments #InflationImpact #PreciousMetals
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#Infographic | Consumer demand for gold in Egypt hit 57 tons in 2023, with an annual growth rate of 11%, accordig to World Gold Council’s Gold Demand Trends report for 2023. Jewelry demand reached 26.7 tons while demand for bars and coins totaled 30.3 tons. #ArabFinance #Egypt #Economy #News #Gold #Growth
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Gold prices surged in Pakistan's local market on Saturday, with a significant increase of Rs500 per tola. This upward trend mirrors the rise in international gold prices. According to the All Sindh Saraf Jewellers Association, the new rates have reached an all-time high. The price of gold per tola now stands at Rs272,500, while 10-gram gold is priced at Rs233,625. The 10-gram gold price saw an increase of Rs429, contributing to the record-breaking highs in both local and international markets. This development is likely to impact the jewelry industry and gold investors in Pakistan. #gold #pakistan #hikes
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Demand for jewelry and bullion in Egypt experienced a significant decline of 17% during Q1, falling to 13.2 tons from the 15.8 tons recorded in Q1 2023, but remains an improvement over the 11.5 tons observed in Q4 2023, according to data from the World Gold Council (WGC) While there was an uptick in demand for gold jewelry, with Egyptians purchasing 8 tons in Q1 2024, representing a 3% increase compared to the 7.7 tons bought in Q1 2023, the demand for gold bullion and coins saw a significant decrease Analysts attribute this reduced demand for bullion and coins to improved economic conditions, including currency stabilization, the elimination of the black market, and reduced speculation in gold Learn more on our website
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MBA'25 - NMIMS | Sales & Marketing | Summer Intern - TeamLease Services Limited | SSN'22 | Musician
𝗚𝗼𝗹𝗱 𝗥𝘂𝘀𝗵: 𝗪𝗵𝗼'𝘀 𝗕𝘂𝘆𝗶𝗻𝗴 𝗔𝗹𝗹 𝘁𝗵𝗲 𝗚𝗼𝗹𝗱? Gold prices currently are hitting record highs! But the usual suspects – Israel vs Iran war or jewelry lovers - don't seem to be the culprits. Here's the twist: the traditional gold buyers are sitting this one out. Jewelry sales are down, and even big investment funds aren't jumping in. So, who's the mystery buyer driving this gold rush? 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗮𝗻𝗸𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗥𝗲𝘀𝗰𝘂𝗲! It seems central banks, especially from countries outside the West, are quietly stockpiling gold. China, India, and Turkey are leading the pack, adding hundreds of tons to their reserves. Why the sudden strong affinity with gold? These countries are worried about the US economy and the value of the US dollar. Ideally, they would like to use a different currency for international business instead of the dollar. However, there isn't a good alternative that everyone agrees on. So, instead of switching currencies, these countries are buying more gold. Gold is a valuable asset that tends to hold its worth even when other economies are struggling. By buying more gold, these countries are hoping to have something valuable if there are problems with the US economy or the dollar. 𝗜𝘀 𝘁𝗵𝗶𝘀 𝗮 𝗴𝗼𝗹𝗱 𝗯𝘂𝘆𝗶𝗻𝗴 𝗳𝗿𝗲𝗻𝘇𝘆 𝗼𝗿 𝗮 𝘀𝗺𝗮𝗿𝘁 𝗺𝗼𝘃𝗲? Only time will tell. But one thing's for sure, this gold rush has a surprising twist, and central banks are playing a starring role! ✨ #GoldMarket #GoldPrices #Investment #CentralBanks #GlobalEconomy #FinancialMarkets #Macroeconomics #EconomicUncertainty #GeopoliticalRisk #InvestmentStrategy #FinancialPlanning Khazana Jewellery Pvt. Ltd. Malabar Group Kalyan Jewellers India Limited Lalithaa Jewellery Joyalukkas CaratLane - A Tanishq Partnership BlueStone Thangamayil Jewellery Limited Senco Gold and Diamonds GRT Jewellers (India) Private Limited
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Gold prices in Pakistan have reached a record high, with 24-karat gold now costing Rs268,000 per tola. This marks a significant increase of Rs1,700 from the previous trading day. The price of 22-karat gold has also risen, now standing at Rs210,620 for 10 grams. This surge has affected the jewelry market, with consumers feeling the pinch. The increase in gold prices is attributed to the global market trend, where gold prices have risen by $10 to $2,587. The Pakistani rupee's depreciation against the US dollar has also contributed to the price hike. Investors are advised to monitor market trends and adjust their investments accordingly. The gold market is expected to remain volatile in the coming days. . . . #GoldPriceHike #PakistanEconomy #RecordHigh #GoldMarket #JewelryBusiness #tribunetrends
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China’s gold consumption patterns have shifted significantly since the beginning of the year as overall demand dropped amid the surge in prices to all-time highs. National gold consumption in China declined 5.61% annually during the first half of 2024 to 523.75 metric tons. Gold jewelry consumption fell 26.68% year-on-year to 270.02 tons while purchases of gold bars and coins increased by 46.02% to 213.64 tons, the association stated. Read more: https://lnkd.in/diUYym_f #China #Gold #Goldbar #MarketNews
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