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The Gold Souk in Dubai is one of the most famous and traditional markets in the world, renowned for its vast selection of gold, jewelry, and precious stones. Located in the heart of Dubai's commercial district of Deira , this market is a must-visit for tourists and a favorite shopping destination for locals and visitors alike.
On May 23, gold prices dropped in the UAE, having been weighed down by a stronger dollar and hawkish remarks by Federal Reserve members, after the spot price of gold shed 0.47% to $1,960.47 per ounce. This resulted in shortages for the Dubai Gold Souk. [9]
25 Gold Souq Bus Stn. - Al Rashidiya Bus Stn. 43 Gold Souq Bus Stn. - Al Qusais Ind'l Area 2 via Airport Terminal 2 53 Gold Souq Bus Stn. - International City 64 Gold Souq Bus Stn. - Ras Al Khor 95 Al Baraha Bus Stn - Jebel Ali Waterfront Labour Camp SM1 Gold Souq Bus Stn. - Souq Al Marfa Deira 13B Gold Souq Bus Stn. - Al Qusais Bus Stn.
Pure Gold Jewellers is a recipient of the "Best Service Performance Brand" award in the large business category for five years: 2007–2008, 2008–2009, 2009–2010, 2011–2012, 2012–2013 and 2014–2015 under the Dubai Service Excellence Scheme (DSES) of the Dubai Department of Economic Development, making it the only company to have won it five times. [6]
The DGCX Gold Futures, when launched in 2006, introduced a new pricing benchmark for gold in the UAE – the One kilo bar gold futures contract. In 2007, DGCX launched the world's first Rupee Futures contract, which has seen rapid volumes growth over the last few years driven primarily by demand from the GCC's large non-resident Indian community.
Dubai has a free trade in gold and, until the 1990s, was the hub of a "brisk smuggling trade" [59] of gold ingots to India, where gold import was restricted. Dubai's Jebel Ali port, constructed in the 1970s, has the largest human-made harbour in the world and was ranked seventh globally for the volume of container traffic it supports. [164]
United Arab Emirates topographic map To the south of Jabal Raḩabah (1,543 m), there is a ridge of about 10 km in length, parallel to the coast View towards the Jabal Rams.
Dubai, the most populous city in the United Arab Emirates Map of the United Arab Emirates. The table below shows a list of every city in the UAE with a population of at least 10,000, listed in descending order. The capitals are shown in bold.