The demand for gold in the gulf region has slumped by 34 per cent in the third quarter of 2009 following the global economic crisis and declining number of expatriates particularly from India, a report has said.
The report, released recently by the World Gold Council, said that the UAE is among the hardest hit in the region, where gold jewellery demand slumped by 39 per cent and demand for gold investment declined even further by 52 per cent.
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