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Dubai’s Gold Shops Take a Hit as Record Prices Deter Buyers
Posted
March 11, 2024
Views
7,064
Likes
111
Comments
2
Engagement
1.60%
March 11, 2024
7,064
111
2
1.60%
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1:00Now PlayingThe ever-higher prices reached by gold are turning Dubai’s traditional bazaar into more of a window-shopping experience.
Purchases are plummeting at the Gold Souk, according to salespeople at numerous shops, as bullion goes on a record run that’s now approaching $2,200 an ounce. Most locals are just browsing, leaving the majority of buying to tourists who are willing to pay more while they’re on vacation.
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