Dubai's gold sellers said that the price of gold is no longer a factor in the purchase of gold ornaments by the UAE people.

Ahmed Abdul Aziz, manager of jeweler Tilesh, said: "The price of gold has no effect on demand, and people want to buy it whenever they want."

Jeweler Atul's sales representative Sanjith Thekkedh also agreed with this view. He said: "The price before Eid al-Fitr is 147 dirhams/gram, and during the festival is 150 dirhams/gram. Although the sales are rising during Eid al-Fitr. However, such a price difference is not an influencing factor."

Jenny Buabo, a jeweler’s sales representative, said that during the Eid al-Fitr period, demand for jewellery increased by about 15%, but the growth for the same period last year was 32%.

Other jewelers also said that although the gold price of the Eid al-Fitr period is relatively high, the demand is flat, but it is still surprisingly better than last year.

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