dubaigoldrates

Author: Team Editors admin

  • 22k gold rate at Dh150 in Dubai

    22k gold rate at Dh150 in Dubai

    Gold prices

    Gold prices rose after the dollar and US Treasuries fell from their high levels, but the prospect of an agreement to make the Korean Peninsula a nuclear-weapon-free zone reduces the precious metal’s appeal as a safe haven.

    Gold rate in Dubai 24k gold in Dubai is Dh160.25 , 22k can be bought at Dh151 and 21k stable at Dh142 .

    Spot gold rose 0.5 percent to $ 1323.84 an ounce late in the US session.

    US gold futures for June delivery rose 0.42 percent to settle at $ 1323.40 an ounce.

    “The dollar has fallen and US Treasury yields have fallen below 3 per cent, giving a boost to gold,” said Walter , executive vice president of investment banking firm Dillon .

    Ten-year Treasury yields, a benchmark for global interest rates, continued their slide from the 3 percent level it surpassed on Wednesday for the first time in four years.

    Typically, rising US bond yields are putting pressure on gold by reducing the attractiveness of the precious, non-yielding dollar-denominated metal.

    Traders said that the decline in yields of US Treasuries and the dollar and the fall of gold to a major level of support have triggered purchases in the yellow metal.

    Gold finished the week down about 1 percent for the second week in a row, the biggest drop in four weeks.

    Among other precious metals, spot silver rose 0.3 percent to $ 16.53 an ounce, ending the week with a loss of about 2.5 percent.

    Platinum rose nearly 0.6 percent to $ 911.74 an ounce after hitting its lowest level since Dec. 18 at $ 900.50.

    Palladium fell 1.08 percent to $ 973.90 an ounce, ending the week with a loss of around 6 percent. The metal has jumped nearly 10 percent since the United States imposed sanctions on Russian entities on April 6. Russia is the world’s largest producer of palladium.

  • How does the convergence of the two Koreas affect gold prices?

    How does the convergence of the two Koreas affect gold prices?

    Gold prices rose after the dollar and US Treasuries fell from their high levels, but the prospect of an agreement to make the Korean Peninsula a nuclear-weapon-free zone reduces the precious metal’s appeal as a safe haven.

    Spot gold rose 0.5 percent to $ 1323.84 an ounce late in the US session. US gold futures for June delivery rose 0.42 percent to $ 1323.40 an ounce.

    Said Walter Behuvic, Deputy Chief Executive Officer of Dillon Metals Investment Services “decline in the dollar and also yields US Treasury bonds fell 3 percent boost Aattiyan gold.”

    Ten-year Treasury yields, a benchmark for global interest rates, continued their slide from the 3 percent level it surpassed on Wednesday for the first time in four years.

    Typically, rising US bond yields are putting pressure on gold by reducing the attractiveness of the precious, non-yielding, dollar-denominated metal.

    But traders said the fall in US Treasury and dollar yields and the fall of gold to a key support level has triggered buying in the yellow metal.

    Gold finished the week down about 1 percent for the second week in a row, the biggest drop in four weeks.

    Among other precious metals, spot silver rose 0.3 percent to $ 16.53 an ounce, ending the week with a loss of about 2.5 percent.

    Platinum rose about 0.6 percent to $ 911.74 a troy ounce after hitting its lowest level since Dec. 18 at $ 900.50.

    Palladium fell 1.08 percent to $ 973.90 an ounce, ending the week with a loss of about 6 percent. The metal has jumped nearly 10 percent since the United States imposed sanctions on Russian entities on April 6. Russia is the world’s largest producer of palladium.

  • Dubai gold price hits second week high, 24k priced at Dh160

    Dubai gold price hits second week high, 24k priced at Dh160

    In Dubai, the city of gold, Gold prices in the UAE for Gram 24-carat DH 160 .50 , gram 22 carat DH 150.75 , Gram- 21 carat DH 143.12 and settled gram 18 carat DH 123.50 .

    Gold prices rose Friday, the second consecutive week of gains, as uncertainty over a possible Western military action in Syria continues.
    US President Donald Trump and his national security aides have discussed options on Syria, which has threatened to launch missile strikes in response to a suspected chemical attack, while a Russian envoy has expressed fears of a wider conflict between Washington and Moscow.

    But Trump raised doubts about the timing of his threat by saying in an e-mail on Thursday that the attack on Syria “may be very close and may not be at all.”

    Gold is usually used as a store of value in times of political and financial uncertainty.

    Spot gold rose 0.73 percent to $ 1344.89 an ounce, ending the week with gains of 1 percent.

    US gold futures for June delivery rose 0.5 percent to settle at $ 1347.90 an ounce.

    Global stock markets rebounded after a sell-off triggered by rising trade tensions.

    Among other precious metals, spot silver rose 1.4 percent to $ 16.65 an ounce, ending the week with gains of about 2 percent.

    Platinum rose 0.44 percent to $ 929.10 an ounce, gaining 1.7 percent over the week, the biggest increase in nearly two months.

    Palladium jumped 2.25 percent to $ 985.70 an ounce, after hitting a three-week high of $ 990.50, and the metal ended the week with gains of 9 percent, the largest since January 2017.

  • Gold Rate Falls As Risk Appetite Surges

    Gold Rate Falls As Risk Appetite Surges

    Gold prices fell on Friday after the US Senate approved a budget plan that paves the way for tax cuts, driving stocks, the dollar and bond yields higher.

    The Republican-controlled Senate voted in favor of a late-night budget of 51 to 49, adding up to $ 1.5 trillion to the federal budget deficit over the next 10 years to fund proposed tax cuts.

    As a result, investors, betting on faster economic growth, are cutting back on riskier assets as bondholders trimmed their positions on concerns that inflation and federal borrowing could rise.

    A higher yield on bonds would increase the pressure on non-yielding gold, while the dollar’s appreciation would increase the price of the yellow metal for holders of other currencies.

    Spot gold fell 0.77 percent to $ 1279.44 an ounce by 1841 GMT. The metal has been around 1.9 percent lower since the start of the week.

    The yellow metal in the US futures contract for December delivery fell $ 9.50, or 0.7 percent, to $ 1280.50 an ounce. The weekly decline was 1.8 percent.

    Among other precious metals, silver fell 1 percent to $ 17.02 an ounce, hitting a weekly loss of 2 percent.

    Platinum fell 0.3 percent to $ 918.50 an ounce, while palladium rose 1.5 percent to $ 972.80 an ounce. The metals are down on a weekly basis

  • Dubai gold rates today…..Time to buy as low !

    Dubai gold rates today…..Time to buy as low !

    Dubai gold price today down 2 weeks low as currently a Dh154.50 for 24-karat and 22-karat can be bought for Dh145.

    Spot gold had risen 0.3 percent to $1,275.10 an ounce by 0049 GMT. It touched its lowest since mid-August at $1,267.76 on Tuesday. US gold futures for December delivery were also up 0.3 percent at $1,278 per ounce.

    Gold fell to its lowest level in nearly two months with a move within a narrow range Friday, amid the rise of the dollar to its highest level in more than seven weeks before important US jobs data due for release today.

    By 07:05 GMT, there has been little gold to settle at $ 1267.71 an ounce change (an ounce), after hitting its lowest level since the ninth of August at the meeting.

    The yellow metal has fallen 0.9 percent since the beginning of the week and is heading for its fourth consecutive weekly loss.

    Gold futures for December delivery fell 0.2 percent to $ 1270 an ounce.

    Asian stocks rose, tracking gains on Wall Street, the dollar touched its highest level in more than seven weeks against a basket of currencies, with the support of new indicators on economic growth and hopes of progress in the US tax reforms, while waiting for traders of US jobs data in search of incentives to the extent Short.

    Job data for September is expected to show a slowdown due to the impact of hurricanes Harvey and Arma.

    Markets are largely expecting the Federal Reserve to raise interest rates in December for the third time this year.

    Among other precious metals, silver stabilized at $ 16.58 an ounce.

    Platinum rose 0.2 percent to $ 913 an ounce, while palladium dropped 0.1 percent to $ 938 an ounce.

  • Top ten basic information about Ripple

    Top ten basic information about Ripple

    The digital currency is one of the most important and most popular digital currencies in the world, ranking third in terms of liquidity. A company called Open Queen, led by co-founder Chris Larsen, produced the digital currency in 2013 and collected a large number of funds from some major investors and some international companies. Chris Larsen explained that this central company serves the interests of Users on the currency and that the company is on its way to obtain 25% of all the quantities that are located in exchange sites and the alternative distribution of currencies. To get a clearer and easier understanding of the RIBLE coin there are 10 key points that we will show to make the picture better.

    * 1- What is the currency of the ripple?

    The RIBL is the broadest denomination of the digital currency in exchange sites, currency exchange and symbol (XRP), and the open source payment network in which the currency is quoted. It is also a payment network that provides free payments worldwide with the possibility of dealing and paying in any currency through the use of some exchange sites. The main purpose of the Ribal Currency is to enable individuals to free themselves from the restrictions of some financial networks such as credit cards, PayPal, banks and other institutions that charge fees for the exchange of different currencies. Through RIBL, people and traders can deal with it for free without the need for licenses and without paying fees.

    * 2 – What is the benefit of the ruble coin?

    According to Ripple’s Open Coin, it maintains liquidity and free flow of funds. The company has posted a blog on its website, “Ripel’s Currency and its Role in Money Transfer”, which shows a brief history of global money transfers and is a sign of frustration Ways of institutions and banks to impede the transfer of funds because of their request for financial fees in addition to the delay in the transfer. As the company explains in the code, the main objective and purpose of the Ripple coin is to build a decentralized digital currency approach developed by the currency of the homeowner, and pay money for what the Internet offers to all other forms of information.

    * 3 – What is the function of the ripple coin?

    “Today’s payment systems are the place where e-mail was used in the early 1980s, where every provider was providing its own system to its customers, and if some individuals used different systems they could not,” said David Charters, RIB’s coding and coding manager. Interacting and dealing easily with each other; thus the Ripple coin was produced to connect the various payment systems. ”

    Schwartz also foresaw the possibility of seeing that “large companies lose control of liquidity and money flow easily to others and have also lost control over the flow and liquidity of information.”

    * 4 – Who is the owner of the idea of ​​the currency of the Rifle?

    Founded in partnership with Chief Executive Officer Chris Larsen and Jed Mkaleb, Jad Mkaleb is well versed in the digital currency industry and is currently dealing with the currency of KFH in most transactions worldwide. Chris Larsen co-founded and led the company online, and the company’s other Ripel developers are also fully aware of the currency.

    * 5 – Is the currency of the ripple similar to Betquin?

    The currency of the ripple is similar in terms of the digital format of the currency. Both currencies can be converted from one account to another without the need for third party intervention. Both provide digital insurance to protect against the possibility of counterfeiting money.

    * 6. Does this mean that the Rival coin competes with the Betquin?

    In fact, the Ripple is a complementary currency without the need for a rival with Bitquin. A Ripple currency system has been created to allow for the smooth transfer of any currency, be it the Dollar, the Pound, the Yen, or the Betquin. Stephen R. Thomas, the developer of Ripel’s Currency Protocol, explains that the Ripple currency will open a number of portals for Bitquin users to facilitate the prevailing financial practices in the world.

    * 7 – How can Bitquin users benefit from the Ripple currency?

    In addition to making it possible for multiple ways to connect and connect between different currencies, the Ribal currency increases the stability of financial transactions. OpenQuin does not depend on a single company to manage and secure a database of various financial transactions. Pass through the company easily and quickly.

    * 8. How much will the future of the Ribal currency be?

    The company is currently planning to provide nearly 100 billion riyals, half of which is planned for the financial deal, while the company plans to retain the remaining half.

    * 9- Why was Ripel’s currency described as free?

    The RIBL system does not charge any fees, unlike PayPal and various credit cards. However, the RIBL system deducts a very small fraction (1/1000%) of each transaction in order to protect any individual who is trying Put millions of transactions at once against the regime that is exposed to it.

    * 10 – How much is the value of the ruble?

    The price of the riyal is different from time to time. Currently, the price of one riyal is $ 0.218679, equivalent to 0.00012198 BTC. This increase continues due to increased demand for the currency.

  • India’s imports of gold jump 170% in August

    India’s imports of gold jump 170% in August

    India’s imports of gold have jumped over the past month, with traders moving to exploit the lack of import customs from South Korea, a recent report said.

    India’s gold imports were 60 tonnes in August, up from 22.3 tonnes in the same period in 2016, the Reuters-based consultancy JFMS said on Monday.

    India has imposed 10 percent on gold imports, but excluded those coming from countries with free trade agreements, such as South Korea, which has strong exports of yellow metal to New Delhi.

    Over the first eight months of this year, India’s demand for gold rose to 617.5 tons, an increase of 158% over the comparable period of 2016.

    Gold futures rose near the highest level in a year, supported by geopolitical concerns that boosted demand for the metal.

  • 24-carat Gold Prices Increase 5 DH Today

    24-carat Gold Prices Increase 5 DH Today

    Today’s gold rates in Dubai are still higher when compared to the prices in the beginning of the month, when 24K was retailing at Dh154 per gram.

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 159 .50 , gram 22 carat DH 150.75 , Gram- 21 carat DH 141.12 and 18 carat DH 121.50 .

    Gold prices rose to a nine-month high as investor fears dominated them to risk risk-taking in favor of safe-haven investment such as gold after a new missile test for North Korea.

    Gold prices are currently trading at $ 1320.1 per ounce after recording a low of $ 1313.7 per ounce and opened the day at $ 1317.2 per ounce as it reached $ 1318.4.

    North Korea fired a medium-range missile over Japan before falling into the ocean in northern Japan in a new provocation to the United States in response to its military exercises with South Korea on the Korean Peninsula.

    Stock indices fell sharply as well as demand for major currencies as investors rushed to gold as a safe haven in the market to jump to a nine-month high.

    On the other hand, the US dollar is witnessing a drop to a 15-month low against the major currencies, which supports the rise in gold prices significantly.

  • Gold Rate in Saudi Arabia Hit SAR 149 Today

    Gold Rate in Saudi Arabia Hit SAR 149 Today

    Gold Price in Saudi Arabia witnessed a significant increase in early morning trading, 24k gold is priced at SAR 162 while 22k was priced at SAR 149 today.

    Strong gains for gold prices today reached their highest level in five months up to a peak of $ 1280 an ounce

    Much of the gold support came from the US dollar’s decline, with disappointment from Federal Governor Yelen’s comments at the beginning of this week’s trading. This is in addition to increasing concerns in global markets in the shadow of the Trump policy ambiguity towards the US and global economy. And concern about the security situation towards North Korea after the United States of America conducted a show of force naval battles on the Korean Peninsula.

    And recent public threats to strike at North Korea if it continues its provocative operations against its US allies.

    The continued decline of the US dollar and the increase in fears and demand for safe havens will support gold gains to move towards the psychological peak of $ 1,300 an ounce. Vice versa

  • Gold Price in Dubai touches Dh155 Today Per Gram

    Gold Price in Dubai touches Dh155 Today Per Gram

    Gold hitting its highest level in five months as the dollar recovers losses and political tensions ebb.

    In Dubai, 24k gold is priced at Dh154.75 while 22k was priced at Dh146.50 today.

    Tensions over the Korean Peninsula and the Middle East have overshadowed an optimistic outlook for global growth, while concern over the French presidential election continued.

    According to Reuters, by 1833 GMT, there was little change in the spot gold price to settle at $ 1274.8 an ounce.

    The yellow metal hit its highest level since November 10 at $ 1279.80 an ounce earlier to continue the gains of the previous session, when it rose nearly 2 percent.

    Gold futures in US futures rose 0.3 percent to settle at $ 1278.1 an ounce.

    The dollar steadied against a basket of currencies after tumbling Tuesday.

    Among other precious metals, silver fell 0.2 percent to $ 18.27 an ounce.

    Platinum fell 0.6 percent to $ 962 an ounce after climbing more than 3 percent in the previous session, while palladium dropped 0.8 percent to $ 795.25 an ounce.