07 April 2012
SULAIMANIYA - Gold prices are decreasing in the Sulaimaniya market and this has had a significant impact on sales and purchases movement after the reluctance of citizens to part with their cash.
Jeweler Haval Maarouf said: "The price of gold decreased in the past few days in Sulaimaniya and Erbil and this decrease led in turn to the decline in purchasing movement, especially because the prices decreased for the second time and the citizens are expecting more decline in the coming days."
Economic analyst Bistoun Mouhammed said the price of gold in the Kurdistan Region is affected by the international market, where prices decreased directly after the market recorded a decrease in world stock.
Jewellery selling is popular among people, where they buy items for gifts or marriages. Gold recently became a good trade for some citizens.
Sulaimaniya-based jeweler Ismail Baker said: "Usually there's significant demand for buying jewelry in Sulaimaniya and they are not only bought for marriage occasions, as is the case in most provinces, but our customers buy jewelry at a monthly rate. This is due to the rising of incomes per capita.
"Some people are using gold as a trade where they buy it at low prices and sell it at higher price."
SULAIMANIYA - Gold prices are decreasing in the Sulaimaniya market and this has had a significant impact on sales and purchases movement after the reluctance of citizens to part with their cash.
Jeweler Haval Maarouf said: "The price of gold decreased in the past few days in Sulaimaniya and Erbil and this decrease led in turn to the decline in purchasing movement, especially because the prices decreased for the second time and the citizens are expecting more decline in the coming days."
Economic analyst Bistoun Mouhammed said the price of gold in the Kurdistan Region is affected by the international market, where prices decreased directly after the market recorded a decrease in world stock.
Jewellery selling is popular among people, where they buy items for gifts or marriages. Gold recently became a good trade for some citizens.
Sulaimaniya-based jeweler Ismail Baker said: "Usually there's significant demand for buying jewelry in Sulaimaniya and they are not only bought for marriage occasions, as is the case in most provinces, but our customers buy jewelry at a monthly rate. This is due to the rising of incomes per capita.
"Some people are using gold as a trade where they buy it at low prices and sell it at higher price."
© AK News 2012
