By DIANA AL-JASSEM | ARAB NEWS
JEDDAH: Prices of gold have continued to rise across the Kingdom because of the summer season.
The summer is considered the perfect time for gold retailers to make a profit, as it is also the wedding season.
For Saudi families, gold is the perfect gift for brides, but they are already complaining that they cannot afford the high prices.
Some Saudi families are finding alternative ways to buy gold without exceeding their budgets.
Some families are purchasing 18 carat gold jewelry instead of 24 carat ones. Others are buying less expensive gifts like iPhones and iPads.
Abdullah Al-Asbali, owner of Al-Asbali jewelry shop, said: “High gold prices have put off many Saudi families. The sales of gold have dropped sharply. It is a big problem buying gold as a wedding gift.”
Categories: Asia, Family values, Middle East, Saudi Arabia