Dubai gold trade hits $29bn in '09

08 March 2010

Dubai Multi Commodities Centre Authority has announced that the total gold trade through Dubai in 2009 stood at $29bn, matching the value of gold traded in 2008. For the 12 months ending December 31, 2009, a total of 576 tonnes of gold was imported into Dubai, compared to 674 tonnes in the previous year. Although imports in tonnage terms saw a 15% decline compared to the record set in 2008, it was 16% higher than the average import of 498 tonnes since 2001. In 2009, gold exports from Dubai grew 9% to 403 tonnes, compared to 371 tonnes in 2008.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications