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Dubai: The City of Gold

Dubai: The City of Gold

India TV News Desk [ Updated: January 05, 2013 21:15 IST ]
  • In this Tuesday Oct. 9, 2012 photo, a gold press operator collects 10 gram gold blanks to press them with the logo of the Emirates Gold company in Dubai, United Arab Emirates. Gold prices remained relatively steady in 2012, close to $1,700 an ounce. (AP Photo/Kamran Jebreili)
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    In this Tuesday Oct. 9, 2012 photo, a gold press operator collects 10 gram gold blanks to press them with the logo of the Emirates Gold company in Dubai, United Arab Emirates. Gold prices remained relatively steady in 2012, close to $1,700 an ounce. (AP Photo/Kamran Jebreili)

  • In this Tuesday Oct. 9, 2012 photo, technician prepares 1 Kg gold bars of 995.0 purity to pack for delivery at the Emirates Gold company in Dubai, United Arab Emirates. Some traders predict prices could once again rise toward the record high of nearly $1,900 an ounce, as central governments and investors look to gold as a safe bet in the unsteady world economy. (AP Photo/Kamran Jebreili)
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    In this Tuesday Oct. 9, 2012 photo, technician prepares 1 Kg gold bars of 995.0 purity to pack for delivery at the Emirates Gold company in Dubai, United Arab Emirates. Some traders predict prices could once again rise toward the record high of nearly $1,900 an ounce, as central governments and investors look to gold as a safe bet in the unsteady world economy. (AP Photo/Kamran Jebreili)

  • In this Monday Oct. 29, 2012 photo, steam rises from hot grains of gold after being melted and dropped into water as a technician pours the nuggets into a cooling container at the Emirates Gold company in Dubai, United Arab Emirates. One of the largest gold factory in the region, Emirates Gold has processed more than two million kg of gold, worth about 108 billion U.S. dollars, into gold bars, coins and medals since it was established in 1992, Mohamad Shakarchi, managing director of the company says. (AP Photo/Kamran Jebreili)
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    In this Monday Oct. 29, 2012 photo, steam rises from hot grains of gold after being melted and dropped into water as a technician pours the nuggets into a cooling container at the Emirates Gold company in Dubai, United Arab Emirates. One of the largest gold factory in the region, Emirates Gold has processed more than two million kg of gold, worth about 108 billion U.S. dollars, into gold bars, coins and medals since it was established in 1992, Mohamad Shakarchi, managing director of the company says. (AP Photo/Kamran Jebreili)

  • In this Tuesday Oct. 9, 2012 photo, strings of melted gold with a temperature of about 1050 degrees centigrade are poured into cooling water bath from a furnace at the Emirates Gold company in Dubai, United Arab Emirates. The emirate has set up gold refineries, vaults and jewelry making facilities, importing gold including scrap from India and melting it down to produce gold bars. (AP Photo/Kamran Jebreili)
    4/6

    In this Tuesday Oct. 9, 2012 photo, strings of melted gold with a temperature of about 1050 degrees centigrade are poured into cooling water bath from a furnace at the Emirates Gold company in Dubai, United Arab Emirates. The emirate has set up gold refineries, vaults and jewelry making facilities, importing gold including scrap from India and melting it down to produce gold bars. (AP Photo/Kamran Jebreili)

  • In this Tuesday Oct. 9, 2012 photo, strings of melted gold with a temperature of about 1050 degrees centigrade are poured into cooling water bath from a furnace at the Emirates Gold company in Dubai, United Arab Emirates. The emirate has set up gold refineries, vaults and jewelry making facilities, importing gold including scrap from India and melting it down to produce gold bars. (AP Photo/Kamran Jebreili)
    5/6

    In this Tuesday Oct. 9, 2012 photo, strings of melted gold with a temperature of about 1050 degrees centigrade are poured into cooling water bath from a furnace at the Emirates Gold company in Dubai, United Arab Emirates. The emirate has set up gold refineries, vaults and jewelry making facilities, importing gold including scrap from India and melting it down to produce gold bars. (AP Photo/Kamran Jebreili)

  • In this Tuesday Oct. 9, 2012 photo, a gold press operator collects 10 gram gold blanks to press them with the logo of the Emirates Gold company in Dubai, United Arab Emirates. Gold prices remained relatively steady in 2012, close to $1,700 an ounce. (AP Photo/Kamran Jebreili)
    6/6

    In this Tuesday Oct. 9, 2012 photo, a gold press operator collects 10 gram gold blanks to press them with the logo of the Emirates Gold company in Dubai, United Arab Emirates. Gold prices remained relatively steady in 2012, close to $1,700 an ounce. (AP Photo/Kamran Jebreili)

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