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A quarter of this year, gold demand in the Middle East over the same period last year increased 3% to 143 t. Muslim holiday sales fell further constrain demand growth. In the UAE and Kuwait, led by Gulf countries gold demand rose 14% to 48.5 t. Further, the reasons for rising oil prices is making economic vitality of the Gulf countries. March 2 ~'s rapid economic development makes the UAE gold demand increased by 17% to 32.6t and Kuwait increased by 13% to 7t. Because Saudi Muslim holiday, which the Saudi demand for gold fell 3% to 63.5t. But in Saudi Arabia to increase the number of foreign pilgrims, the demand for gold will rise further. Egypt's currency devaluation and the increase in the number of tourists holiday to Egypt increased consumption of the demand for gold increased by 1% to 31t.