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Which City is Known As City of Gold: The continuously rising and falling prices of gold have attracted people’s attention. In such a situation, people are keeping an eye on everything related to gold. But today we are going to tell you another special thing related to gold.
Which City is Known As City of Gold: Gold prices are continuously increasing. This month it even beat the record of its all-time high. Due to this, people’s attention is focused on their prices. In such a situation, people are keeping an eye on everything related to gold. But today we will tell you another special thing related to gold. Do you know which city is known as City of Gold, if not then you will know through this article.
This city is called City of Gold
Dubai located in the United Arab Emirates (UAE) is known as the City of Gold. Dubai is called by this name because it has the largest gold market there. Dubai’s glittering gold market, luxury lifestyle and a desert area have led it to become a global business hub. Not only this, this city shines with wealth, success and golden opportunities which makes it a symbol of modern prosperity.
Why is it called the city of gold?
Let us tell you that Dubai is one of the largest gold trading centers in the world. The famous Dubai Gold Souk located in Dera has many shops selling gold jewellery, bars and jewellery. It is also famous worldwide for its high purity and affordable prices. People from far and wide come to this place to buy gold.
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Gold trade has been going on in Dubai for many years
Let us tell you here that long before the discovery of oil, Dubai has established itself through the trade of gold and pearls. In the beginning of the 20th century, traders from India, Persia and Africa used Dubai’s ports to transact gold. Due to its presence in the Persian Gulf, this city became a natural trade center.
Dubai is also famous for this
It is noteworthy that tourism has also contributed a lot to the golden reputation of Dubai. It attracts millions of tourists every year. People come here to see its world famous places. These include the world’s tallest building Burj Khalifa, a palm tree-shaped island made by humans, Palm Jumeirah and Dubai Mall, one of the world’s largest shopping centers.
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