Gold Sales Up by 30 Percent in Riyadh

RIYADH, 2 September 2005 — Experts in the gold market in Riyadh have reassured that the prices of gold are stable despite the high increase in oil prices, Al-Riyadh reported. The price per gram of pure gold ranged between SR45.5 and SR46. An expert in the gold market told Al-Riyadh that the prices were stable since the beginning of summer. He also said that the sales of gold were up this summer season by 30 percent compared with same period last year.