UAE's demand for gold is projected to increase by nearly 8 per cent at the end of 2000, as compared to the previous year, according to estimates by a World Gold Council (WGC) official, quoted by Gulf News English daily.
In 1999, the UAE's total gold demand was 79.7 tons, said the paper.
The expert estimated that the UAE will end up this year with an increase of about 8 per cent. He added that prices have remained attractive, and marketing activities by retailers have gone up. A third factor was the increase in the number of tourists visiting the UAE, according to the report - Albawaba.com
© 2000 Al Bawaba (www.albawaba.com)
