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Dubai: Gold retailers expect residents to go on a gold rush with boosted festive buying mood

With Eid and Akshaya Tritiya boosting the festive spirit, gold sellers in Dubai expect residents to rush to buy the precious metals.

Chief executive officer and managing director of Pure Gold Jewellers, Karim Merchant, said that “[They] expect a strong seasonal buying given the post-pandemic rebound and stable gold prices and recommend buying with a wide variety in designs and collections.”

Several other gold sellers also expressed excitement about the upcoming surge of residents wanting to buy gold.

Top stores have started deals and campaigns, anticipating that the pandemic recovery will boost the purchasing sentiment of the residents. BKM/ Expat Media


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