Category: Gold in Dubai

UAE Gold price today declines doesn’t motivate clients to purchase

Gold prices in UAE today achieved relative stability during this week, where the price of a gram 24 carat today 161 AED compared to 170 AED last week, after the stability of world gold prices during the week.

Despite the drop in gold prices in UAE but that many gold traders said the retreat did not encourage more sales and The reason for this is due to the beginning of the school year.

And Gram 24-carat DH161.242 , gram 22 carat DH 151.23 , Gram- 21 carat DH 144 and settled gram 18 carat DH 94 .

Low gold prices in UAE did not encourage more sales due to the beginning of the study and that the decline is still not enough to buy, especially with the lack of seasons to buy gold now. Said The director of Baghdad Jewellery Store .

We expect to see the beginning of next month Activity in gold sales in Dubai with near Eid al-Adha and continue current gold prices in UAE when rates decline recorded by gold prices two weeks ago. Said A store manager «Jewelry Dhecan»

September is often seen limited sales in the gold markets, to cope seasonal holidays and access to schools, and the lack of buying both seasons when Arabs or Asians resident . said Essam Haddad, director replaced «jewelry Vienna»

Goldsmiths light of 18-mm and 21-carat is that turnout dealers currently has, compared Bullion and gold coins. add Issam

Worldwide: drop gold on Monday amid expectations that the start of the Federal Reserve (Fed) to reduce monetary stimulus, which supports commodities this month, despite the withdrawal of Lawrence Summers from the race for the presidency of the Council, recorded decades the U.S. futures for gold delivery in December next session low at $1307.80/Oz , the lowest price since the ninth of August.

September 17, 2013
Gold price tumbles by Rs 625 to Rs 31,100 on sluggish demand

Gold prices tumbled by Rs 625 in the bullion market in New Delhi on Monday on sluggish demand at prevailing higher levels.

Traders said the yellow metal’s prices were pulled down amid a weak global trend on speculation that the Federal Reserve policy makers will reduce monthly debt purchases this month.

Gold in London, which normally set price trend on the domestic front, fell 0.3 per cent to $1,387.24 an ounce and silver by 0.3 per cent to $23.78 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 625 each to Rs 31,100 and Rs 30,900 per 10 grams, respectively. It had gained Rs 725 in the previous session.

Sovereign held steady at Rs 25,200 per piece of eight gram.

On the other hand, silver ready ruled steady at Rs 54,300 per kg while weekly-based delivery shed Rs 35 at Rs 54,895 per kg. Silver coins continued to be asked around previous level of Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces.

September 9, 2013
Gold Rate in Dubai Hits Dh155.5 per gram

Retail gold price in the UAE hits Dh155.50 per gram for 22ct gold , Dh164.25 per gram for 24ct and Dh125.25 per gram for 18ct gold this morning according to the Dubai Gold & Jewellery Group.

Global gold prices were up $18.30/oz over yesterday, trading at $1,388.80/oz.

Gold prices rose on Friday after U.S. jobs report for the month of August , which disappointed investors, and contradicted a large part of the expectations that the Federal reserve Bank of ending the stimulus program in the near future.

Gold prices hit a session low at $ 1361.80/oz, its highest price at $ 1392.70/oz.

It was likely to find gold support at $ 1361.80 an ounce, the lowest price for the day, and resistance at 1416.30, where the highest price on Tuesday.

The December contract settled lower on large and by 1.22% to close at 1373.0 dollars per ounce.

Earlier in the day, issued a U.S. Labor Department monthly report, which showed that the U.S. economy has added 169 thousand jobs during the past month, which disappointed the market, which was waiting for the high number of jobs of 180 thousand jobs.

Amounted to U.S. futures for gold delivery December 1388.20 dollars an ounce high of $ 15.20.

The price of silver rose 2.3 percent to $ 23.68 an ounce, platinum rose 1.3 percent to $ 1498.49 an ounce and palladium 2.1 percent to $ 699.75 an ounce.

September 8, 2013
Gold prices in Dubai fall to Dh161.50 per gram

Gold prices UAE settle this week at an average of 161 AED per gram of 21-carat according to the price of gold in the gold market in Dubai and Zayed City Market for gold in the capital Abu Dhabi

Many gold traders in Dubai said that gold sales is still high with low gold prices and international prices of gold today in Dubai Dh170 per gram 24 carat, gram 22 carat today Dh 161 and gram 18 carat today Dh130 .

Said gold traders in Abu Dhabi that turnout increased in the recent period for gold jewelry with special light for some tourist groups who prefer to buy souvenirs before leaving the golden state

And expected to see sales of gold in the United Arab Emirates vogue during this month, especially with the return of expatriates and a decline in global gold prices.

September 7, 2013
Gold prices stabilise after two-day slide

Gold prices fell on Saturday as investors found value after a two-day slide caused by heightened concerns the US central bank could start tapering its monetary stimulus, but gains were held back by a rocketing dollar.

Gold rate in Dubai today down by DH4 for gram , The price of 24-carat gold Dh164.50 a gram , 22-carat gold Dh166 a gram , 21-carat gold Dh146.85 a gram and 18-carat gold Dh126.25 a gram

Gold fell below $ 1,400 an ounce on Friday on speculation that a U.S. military strike against Syria has become less likely to occur after strong U.S. data confirmed expectations that the Federal Reserve may reduce cash stimulated soon.

American officials acknowledged said Thursday that they have no evidence that Syrian President Bashar al-Assad personally ordered the poison gas attack on civilians last week, while the British parliament rejected the state’s participation in any US-led military action against Syria.

Gold fell for instant transactions 1% to a session low at $ 1,392 an ounce. And decreased by 1% at $ 1,393 an ounce at 13:56 GMT.

And U.S. futures fell for gold for December delivery $ 18.80 to $ 1,394,00 per ounce.

The metal had risen to its highest level in three and a half months at $ 1,433 on Wednesday and accepted the second consecutive monthly rise of about 5%.

The dollar index settled near the highest levels in four weeks after data showed that the pace of business activity in the U.S. Midwest region rose to 53.0 points from 52.3 points in July, matches the expectations of economists.

August 31, 2013
Gold prices in Dubai today recorded the decline and increase sales

Gold prices in Dubai stabilized during the week with increased gold sales before Eid private gold bullion, which is hardly available in the marketplace.

Gold Rate today for 24K record 154 AED down 5 AED from last week, 22K reaching 145 AED, and 21K record 139 AED.

Gold traders in Dubai said that the decline in gold prices in Dubai contributed greatly to the rise in gold sales, which increased during the last month by a large margin, especially with the approach of Eid al-Fitr.

Gold prices were recorded today fell to $ 1290 /ounce after U.S. data on the stimulus, which led to a new weekly loss of gold is the lowest since four years.

August 2, 2013
Increase Gold jewelry demand and a decline in sales of bullion and coins in Duabi

Gold prices record rising ranging between 3.5 and 4.75 AED per gram of different gold carats in Dubai compared to the end of last week.

Officials gold shops jewelry in Dubai and Sharjah said that the gains did not significantly affect the continued demand for jewelery, while contributed to the decline in demand for sales of bullion and gold coins, arguing that rises price last has rates is limited, and did not affect the attractiveness of gold prices to consumers.

24k gold price in dubai 160.25 AED increase of 4.75 AEd and 22k gold price in dubai 151.75 AED increase of 4.5 AED , 21k gold rate in dubai 145.25 AED, an increase of 4.25 AED and 18k gold rate in dubai 125.5 AED, an increase of 3.5 AED compared to the end of last week.

Gold prices increase not affect the continued demand for sales of jewelery in the domestic market, said gold trader in Dubai Mall.

He added that «the current season of Ramadan is the best-selling activity compared to last year’s season, which witnessed a significant slowdown in sales, with a reserve price gram gold 24-carat 215 AED, making the current price tempting to buy jewelry.

Reflected price increases on sales of bullion and gold coins in limited proportions compared to last week, saying that the current prices coincided with the summer holiday season, and preparations for Eid al-Fitr, which usually witnessing his days Weddings, factors helping to stimulate sales of gold jewelery of various kinds. He add

Gold Price increases has finally limited rates, contributed to the continued demand for gold jewelry, while the decline in demand in limited proportions bullion and gold coins.

Gold Price in Dubai determined according for Gold Exchange in Dubai and New York Gold Exchange

You can watch Gold Price in Dubai today through Gold prices in Dubai page which displays Live gold prices directly from Dubai

July 29, 2013
Gold prices in dubai today still encourage more turnout

Gold prices in Dubai fall during last period has encouraged more buying gold jewelery in addition to increasing appetite for buying gold bullion in Dubai, which has become rare because of the large demand for them.

Price of one gram of gold in Dubai lowest price four years ago, where the price of gram 22 K today 145 AED , 24 K today 154 AED and 21K Today 138 AED as an ounce of gold fell today to 1283 dollars per ounce.

Dubai is an important commercial center in the Middle east and pivotal center for gold trade, especially with its proximity to India and China, the largest consumer of gold in the world

The gold market is in Dubai too crowded, especially in the evening because of the increased appetite for buying gold and gold shops exposure a lot of diverse forms of various carrets of gold.

Uige Verma says Dana shop owner in Dubai, said the drop in gold prices gave a boost to the gold market has not seen since more than three years, every day increases the appetite for buying gold from the previous day.

Verma added that most dealers are now focused on 22 carat and 21 carat most popular to take advantage of lower gold prices.

And added Ahmed Alezn the seller in the shop for jewelry Skirt that gold prices in Dubai now encourage more turnout and seeing a real boom in the sale of jewelry now, and also noticed an increase on buying diamonds in Dubai this week.

July 17, 2013
Low price of gold bullion in Dubai to its lowest level

Gold prices tend to end the year lower for the first time in 12 years, marking the declines by about 23% so far during the second quarter in which gold prices recorded its worst quarterly performance in more than a hundred years.

And contributed to the strong decline of gold prices in the absence of many of the stores in Dubai or specialized websites of the lira and listen result of strong demand for gold after the fall in prices to their lowest levels in three years to the end of June.

The announcement of the President of the U.S. Federal, Ben Bernanke, on the nineteenth of June from the agenda possible to mitigate the progressive program of quantitative easing to lower prices to nearly one thousand, one hundred and eighty dollars per ounce, which will support the dollar strength and reduces the attractiveness of gold as a hedge against inflation.

Following these statements hastened the global financial institutions to reduce its forecast for the average price of gold during the year, to varying degrees up to 10% for the next year, including touching 20%.

He predicted Gary Anderson, CEO of DGCX and goods, to take the price path horizontally in the medium term. “I think that prices have created a bottom near thousand and two hundred dollars an ounce. There is a possibility climb to a thousand and three hundred dollars in the short term, but I see that the market is under downward pressure, and investment banks expect the arrival of prices to about a thousand dollars or a thousand and one hundred dollars per ounce during the six months to the next twelve months. ”

On the other hand, sees Pankaj Gupta, Director of the company, “SMC Comex” that the bottom of the market is currently at a thousand and one hundred and eighty-three dollars per ounce.

He said Gupta “I do not expect prices fall below these levels for some reason the President is the cost of extracting gold mines up to one thousand one hundred and thirty-five dollars per ounce, and a thousand and one hundred and fifty, which means that the price falls below these levels will pay the miners to stop the extraction and reduction of supply in the market, what raise prices again. ”

“I think that the time is suitable for long-term investment at levels of one thousand two hundred and forty dollars an ounce, and I would recommend that the investor has a value of three hundred grams of gold in cash if he wants to buy a kilogram of gold.”

Anderson Fischer as head of the Dubai Gold and commodities said that he can not provide buying and selling tips. “The declines in gold prices over the three months to six years creates a buying opportunity. If you buy it for myself, I bought at these levels, and the lower the prices by between ten and twenty dollars.”

At a time when a current levels the opportunity to buy, gold prices remain hostage to supply and demand factors, in addition to how the crystallization of the U.S. Federal policy and the continuing stimulus policy in the European Union, and the enthusiasm of central banks to buy gold or abstention.

July 17, 2013
UAE Gold Rate Today Increase 7 AED

Dubai – Gold Rate in UAE record rise ranging between three and 7.5 dirhams per gram, in various gold types , according to list prices in the markets of Dubai and Sharjah, compared to the end of last week.

This is the second increase elevations, respectively, achieved by gold, after scoring two dirhams reached heights over the past week, after consecutive declines amounted to 19 dirhams in three weeks.

Officials in stores Jewelry and Craft gold in Dubai and Sharjah, said that «the markets are still experiencing demand for jewelery and gold coins, although rates rises disparate, which did not affect the attractiveness of gold for consumers», stressing that the high demand for bullion offset by a decrease in supply during the two weeks two years.

And detailed, 24K record ‬ 155.25 AED, up ‬ 3.25 AED, compare with the end of the previous week, while the price of 22K record ‬ 147 AED, an increase of three AED and 21K record 141 AED an increase of 7.5 dirhams from the end of the previous week, while the price of 18K record 121.75 AED, an increase of 5.5 dirhams.

The director of trade development in the company «Jewelry Karen» Trade jewelry, Krish Kumar, said that «gold prices, despite the recent variants are still attractive to consumers, because recent increases did not reach the limits relate to gold prices, during May and June, which made rates prices not seen since the nearly three years.

He stressed that «the increasing consumer demand to buy gold bullion, for the purpose of saving and investment, contributed to the continuing crisis of shortage of supply of those bullion markets witnessed two weeks ago.

For his part, the official store sales «Jewelry happy», Abdulrahman Mohammed, that «the recent price hikes did not affect much in demand for retail outlets, especially for clients who are seeking to buy and bullion gold coins, with the aim of investing.

He added that «most of the demand is currently focused dealers of Asian nationalities on Ayari (21) and (22) carats, because they are at least a loss of (Workmanship value) at resale.

In turn, the director replaced «Jewelry Vienna», Essam Haddad, said that «dips big record gold in stages gradually during the past two months, has worked since the beginning of July to the continued demand for jewelry and bullion, which was not affected by increase price current limited, which did not reach After a par with the value lost by gold, has contributed to the continuing demand for ports in varying proportions.

July 13, 2013