11:32 PM
The gold trade in Kuwait has witnessed a remarkable recovery in the recent period, in light of the great gains that traders are getting from buying and selling. They buy gold gram used less than the world price to sell it to owners of gold workshops with a good profit rate of up to two dinars ($ 6.6) Sometimes, the "factory" price is not calculated and then remanufactured or polished and sold as new.
"The purchase of used gold has recently increased significantly compared to the previous months, as the market price has risen, and the economic situation of customers, especially the expatriates, has declined," said Thamer Al Ali, , Resulting from the increase in prices of most goods and fuel as well as the increase in spending on important annual events, prompting many of them to sell part of the yellow metal for their need for money.
"The purchase of used gold has recently increased significantly compared to the previous months, as the market price has risen, and the economic situation of customers, especially the expatriates, has declined," said Thamer Al Ali, , Resulting from the increase in prices of most goods and fuel as well as the increase in spending on important annual events, prompting many of them to sell part of the yellow metal for their need for money.
Al-Ali says that the sale of gold leads to the loss of the customer's percentage of the workmanship. The trader buys the net gold only and remanufactures it after removing the stones and the pieces from the piece and then melting it in the form of alloys. It shall then be returned to it in new forms, in addition to the value of the specific workmanship between the merchant and the manufacturer and the same weight of gold.
He points out that the gold price index is rising in the current period, encouraging yellow metal savers to sell, and the bestsellers include 21-gauge alloys and jewels, because they are lower in craftsmanship than others, which reduces the loss.
He explains that there are customers accept to buy used gold because it is cheaper compared to the new, which is a safe haven and profitable for them.
The vice president of the Kuwaiti Federation of Gold Traders Nasser Sayegh told the "New Arab" that the price of selling used gold (fraction) depends on the consumer's knowledge and ability to negotiate and familiarity with international prices, the price of gold used derived from the world price, and is determined by caliber, An example of this is that if the price of a kilogram in the market is about 36 thousand dollars, it means that the price of 24 grams of gold in the range of 36 dollars. Al-Sayegh adds that the price of 22 grams of gold is around $ 33, the 21 caliber is around $ 29 and the 18 gauge is around $ 26.
He points out that the gold price index is rising in the current period, encouraging yellow metal savers to sell, and the bestsellers include 21-gauge alloys and jewels, because they are lower in craftsmanship than others, which reduces the loss.
He explains that there are customers accept to buy used gold because it is cheaper compared to the new, which is a safe haven and profitable for them.
The vice president of the Kuwaiti Federation of Gold Traders Nasser Sayegh told the "New Arab" that the price of selling used gold (fraction) depends on the consumer's knowledge and ability to negotiate and familiarity with international prices, the price of gold used derived from the world price, and is determined by caliber, An example of this is that if the price of a kilogram in the market is about 36 thousand dollars, it means that the price of 24 grams of gold in the range of 36 dollars. Al-Sayegh adds that the price of 22 grams of gold is around $ 33, the 21 caliber is around $ 29 and the 18 gauge is around $ 26.
0 التعليقات:
Post a Comment