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Dubai Gold and Commodities Exchange breaking records

The Dubai Gold and Commodities Exchange (DGCX) has traded 18.8 million contracts year-to-date (Y-T-D), up 35% year-on-year (Y-O-Y), and is on track to break its annual volumes record of 19.67 million contracts. Y-T-D Average Daily Volumes (ADV) are at an all time high, reaching 87,253 lots. Amidst continued market volatility, …

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UAE gold jewellers shed their focus on 22 karats

The UAE’s gold jewellery retailers are shedding their obsession with the 22 karat. They are working to create a new generation of shoppers — the younger ones, preferably — and the way they are doing this is through the 18k route. Their strategy is quite straightforward — 18k allows jewellers to …

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