Gold and silver coins are selling at one of the widest premium to spot, and now, even in Dubai, there seems to be a shortage of gold. Only on Wall Street is there such a discount. Maybe that's what Wall Street wants the public to think:
Dubai: A massive rush at jewellery shops has led to a shortage of gold at some outlets, prompting some shopkeepers to overcharge customers, Gulf News has learnt.
Jewellers are seeing a huge rush of buyers as gold prices are currently at a two-year low.
Shopkeepers said the rush, a combined result of the Hindu festival of Diwali and lower prices. has resulted in a shortage of gold bars. But they denied any hoarding by outlets.