Jewellers in Dubai opined that the wedding season has helped in boosting demand for jewellery in Dubai by around 20-30 per cent in September as compared to the previous month.
There was the drop in gold prices for last seven months but now it is on the recovery path.
In the UAE, the 24K variant of the gold closed the week at Dh233.75, 22K at Dh207.25, 21K at Dh200.75 and 18K at Dh172 per gram on Friday.
Dream wedding destination
Khaleej Times reported that the UAE (especially Dubai) has been emerging as a major wedding destination, as tourism authorities are promoting the emirate as a dream wedding destination for its ultra-luxurious hotels and venues, world-class expertise in hosting such events and plenty of sights and attractions for new couples and attendees.
Recently, the UAE witnessed some large-scale SouthAsian weddings taking place, including that of a relative of the LuLu Group family.
As per UAE media, Dubai has become a major wedding destination that actually improved gold jewellery sales in the emirate, in comparison to previously popular wedding destinations Paris, Italy and Turkey.