Tag: Gold Prices
-
Gold Holds Steady in Dubai Amid Middle East Tensions and Fed Watch
The 24-karat variety of gold was trading at Dh409 per gram in the emirate, a marginal increase from Tuesday’s closing price. Other popular variants also held firm, with 22K gold priced at Dh378.75, 21K at Dh363.25, and 18K at Dh311.25 per gram, according to Dubai Gold and Jewellery Group data
-
Gold Prices Fall as US-China Trade Deal Boosts Market Sentiment
According to the Dubai Jewellery Group, the price of 24-karat gold dropped to Dh388.25 per gram, while other variants followed suit. The 22-karat, 21-karat, and 18-karat types opened at Dh359.75, Dh345, and Dh295.5 per gram, respectively, signaling a reduction in demand for the precious metal
-
UAE Shoppers Adjust to Record-High Gold Prices: A ‘Wait-and-Watch’ Approach Emerges
Industry experts have reported that many shoppers are adopting a “wait-and-watch” approach, delaying purchases in hopes that prices may eventually drop. Earlier this week, gold prices soared to an all-time high of $2,882.16 per ounce globally, which caused prices in Dubai to rise accordingly
-
Gold Prices Steady as Markets Open, Geopolitical Tensions and Economic Concerns Support Stability
Other variants followed a similar trend, with 22K gold remaining steady at Dh295.5 per gram. Meanwhile, 21K and 18K gold saw marginal increases, opening at Dh286.25 and Dh245.25 per gram, respectively
-
Gold Prices Continue Decline in Dubai, Losing Up to Dh0.75 per Gram
According to the Dubai Jewellery Group, the price of 24K gold fell to Dh315.50 per gram, down from Dh316.25 at the close of the markets on Tuesday. This marks a decline of Dh8 per gram so far this week, continuing a recent pattern of price reductions
-
Gold Prices Decline in Dubai After Record High Earlier This Week
UAE time, the price of 24K gold fell to Dh310.5 per gram, down from Dh311.25 per gram at Wednesday’s close. This marks a decrease of Dh0.75 per gram and a drop of Dh3 per gram since Monday, when gold prices peaked at Dh313.5 per gram
-
Gold Prices Rebound Slightly in Dubai After Sharp Decline
The Dubai Jewellery Group reported that 24K gold was trading at Dh287 per gram, up from Dh286 at Thursday’s market close. This slight increase comes after a notable decline of more than Dh7 per gram on Thursday
-
Gold Prices Hold Steady in UAE as Global Market Sees Slight Decline
This minor decrease reflects the current trend where gold has struggled to maintain its highs achieved in recent months. In May, gold prices had climbed towards $2,450 per ounce, surpassing the peaks of April but failing to consolidate near those all-time highs
-
Gold Prices Plummet by Dh10 per Gram in Dubai Within 24 Hours
According to data from the Dubai Jewellery Group, the 24K variant of the precious metal lost Dh4 per gram from Monday morning, trading at Dh279.25 per gram on Tuesday, compared to Dh283.25 per gram at Monday’s market close
-
Gold Prices Dip in UAE Markets Amidst US Inflation Data Surge
This shift in gold prices comes in response to last week’s release of stronger-than-expected US inflation data, which has had a profound impact on investor expectations and market dynamics