The diagram illustrates how gold sales in Dubai changed over a period of 12 months.
Overall, gold sales in Dubai remained relatively unchanged at the end of 2002 despite violent fluctuations throughout the year. Besides, they were at their highest in March while the weakest
sales figures could be observed in July and September.
In the first month of 2002, they stood at 200 million dirhams and rose slightly to reach about 225 million in February. This was followed by another increase, although much steeper, in March when sales were almost 125 million dirhams higher than in February. However, this upward trend was suddenly broken and sales plummeted dramatically over the next 4 months to reach a little over 100 million dirhams in July. August sales saw a significant rise back to January levels as figures nearly doubled, but they dropped again in September to the same level as they were in
July. There was a small increase of about 100 million dirhams in October, after which the figure levelled off and remained relatively static over the last two months of 2002.