Gold jewellery demand in the UAE fell by 26% Y-o-Y in 2Q16 according to the World Gold Council. The London-based market development body said in its report that demand in the UAE slid to 11.1 tonnes in the three months to June 30 from 14.9 tonnes a year earlier. Overall gold jewellery demand in the Middle East decreased by 22% Y-o-Y to 45 tonnes. (The National)
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