![SHARJAH, UNITED ARAB EMIRATES Ð July 27: Dhiru Bhai from Kodinar in Gujarat (India) at his jewelry shop in Central Souk (blue souk) in Sharjah. He came to UAE in 1977 but his father setup the jewelry business in 1961. According to him in old day they were doing business on trust (promise) but now it is running on cash because of fraud. In present time if they want to order some gold then first they have to pay cash. The working hour is from 9am to 1pm and 4pm to 10pm. (Pawan Singh / The National) For News. A Week In Feature](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/J3XMPZXZ2JFDHABJZQCC4YLPGY.jpg?smart=true&auth=2e6907f79b3f719232ca96e4af9faef3bcf1354bfa3b1b9ddf0a3b372f9b8c24&width=400&height=225)
Gold prices have risen globally, crossing $2,400 an ounce last week, Pawan Singh / The National
Gold prices have risen globally, crossing $2,400 an ounce last week, Pawan Singh / The National
How gold’s price rise dampened India's short-term appetite for imports
The Emirates is an important supplier of gold, but high rates for the precious metal mean it has lost some of its shine.
Rebecca Bundhun
18 April, 2024