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Saudi gold demand up 30%
2007-08-20 - AME Info | Saudi Arabia | Latest News - Demand for gold in Saudi Arabia rose 30% in Q2 with Umrah pilgrims and tourists helping to drive up sales, according to Arab News citing a World Gold Council report. Total demand in the kingdom amounted to 42.5 tonnes with the decision back in March to slice the duty liable on imported jewellery from 12% to 5% also playing a major part in boosting sales.  

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