Yes, you read it right - this ring is pure 24-carat gold, not 22...that's why it's oval-shaped. I wore it on a hot day and had to put it in the fridge after it went a little malleable! It's still a little less than round, though. Its purity is also why it's a rough design - you can't work in such a soft metal!
So, when you buy gold in Dubai you pay the international daily gold rate, plus a few dollars for the workmanship. (The UAE dirham is pegged to the US dollar.) I bought it in October 2004, when I was still living in my home country (the UK) and it cost the equivalent of 90 pounds. The workmanship cost a mere 7 pounds. Now that gold prices have shot up, it's worth hundreds. I'm keeping it though! It weighs just under 12 grams.
It's too big for me, and I'm more of a white metal person. Why did I buy it? Um...it's a hunk of pure gold - from the Orient! Maybe I don't step out in it every day, but it's one of my treasured possessions.
So, when you buy gold in Dubai you pay the international daily gold rate, plus a few dollars for the workmanship. (The UAE dirham is pegged to the US dollar.) I bought it in October 2004, when I was still living in my home country (the UK) and it cost the equivalent of 90 pounds. The workmanship cost a mere 7 pounds. Now that gold prices have shot up, it's worth hundreds. I'm keeping it though! It weighs just under 12 grams.
It's too big for me, and I'm more of a white metal person. Why did I buy it? Um...it's a hunk of pure gold - from the Orient! Maybe I don't step out in it every day, but it's one of my treasured possessions.