18-karat gold is in demand due to the price increase,” he said. According to Damudi, the average amount spent on Eid jewellery gifts ranges between Dh1,000 and Dh1,800, with pendants ...

Gold buyers, particularly those purchasing wedding jewellery and ornaments, are shifting to 18-carat gold jewellery and waiting for a potential further drop in gold prices. (Reuters) Over the last ...