New Tax To Hurt Gold Demand In Saudi Arabia And U. WGC said in a statement on Thursday. January on all non-essential luxury goods, including london tax on forex jewelry.
The WGC also pointed out that the gold market might see a significant boost in demand at the end of this year, as consumers rush to buy gold jewelry before the tax is introduced. 9 tonnes — the lowest level in three years. Many foreigners living in the U. E prefer to purchase gold in Dubai instead of their own home countries because of competitive prices and product purity.