Gold industry experts in the UAE have raised concerns about the increasing trend of selling gold with zero-making charges, warning that it could disrupt the market in the long run.
In recent weeks, some small retailers in Dubai and other parts of the UAE have been offering gold without any making charges to attract more customers. With global gold prices surpassing $2,900 per ounce, buyers have become more sensitive to additional costs.
Abdul Salam K.P., a board member of the Dubai Gold & Jewellery Group, emphasized that selling gold without any making charge is practically impossible. He suggested that such retailers might be trying to clear out old and outdated designs.
Some experts believe that this trend could lead to unhealthy competition and ultimately harm the gold retail market. They warn that continuous zero-making charge sales could threaten business sustainability and alter buyer behavior in the long term.
