2012-02-08 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi Arabia's Makkah Chamber of Commerce and Industry has said gold sales have dropped in 2011 by 40% to 50% in the kingdom, with sales seen falling further this year, Saudi Gazette has reported. Some 30 gold shops in Makkah alone closed down due to the decrease in gold sales and the increase in gold prices, said Ziyad Farsai, deputy chairman of the chamber and chairman of its Gold and Jewelry Committee. Sales during the Umrah and Haj seasons failed to make up for the losses, he noted.  

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