Gulf News

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Gold re­serves rise in Oc­to­ber

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The gold re­serves of the UAE Cen­tral Bank grew to Dh1.077 bil­lion in Oc­to­ber, an in­crease of 2.2 per cent over Dh1.053 bil­lion in Septem­ber, ac­cord­ing to a state­ment.

The rise in the Cen­tral Bank’s bal­ance came in par­al­lel with the sharp im­prove­ment in the prices of the yel­low metal dur­ing the past two months when the Ounce Gold Bul­lion Bar in­creased to more than $ 1,237 af­ter the strong de­cline wit­nessed in Septem­ber when the prices hit $1,200. (Staff Re­port)

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