26 January 2009

Shortage of Gold Coins hits Dubai Shopping Festival

DUBAI: As gold prices zoomed to $900 per ounce on Friday in New York and London, buyers of the yellow metal are faced with a different kind of a problem in Middle East’s booming city of Dubai. There is an acute shortage of gold coins that is dampening the gold buyers at the annual Dubai Shopping Festival.

The World Gold Council (WGC) is one of the participants of the ongoing mega Jan 15-Feb 15 Dubai Shopping Festival. WGC’s promotion of gold in Middles East during this festival every year has earned Dubai the ubiquitous name ‘City of Gold.’


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