Category: Gold Rate

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

April 13, 2017
Gold Price In Abu Dhabi Per Gram Today

Gold prices continued to rise in Abu Dhabi where the precious metal increased gloss shine , recording gains of 2.1 % during the first three days of this week and reached its highest level in two weeks.

According to the average price of gold in Abu Dhabi , it increased price of one gram 24 carat gold estimated at 3.21 dirhams in the last three days of 151.83 dirhams last Sunday to 155.04 dirhams yesterday as the price of a gram of 22 carat about 2.98 dirhams from 139.18 to 142.16 dirhams rose gram of 21-carat at about 2:54 AED from AED 132.86 to 135.72 and rose gram 18 carat gold estimated at AED 2.51 from AED 113.89 to 116.4 .

According to the analysis of « economic statement » rose 14 carat gold grams in the local market during the past three days by about 2.06 dirhams from 88.59 dirhams last Sunday to 90.65 dirhams yesterday in 10 -carat rose gram about 1.6 dirhams from 63.29 to 64.89 dirhams.

The average price of an ounce of gold yesterday 4.81 thousand dirhams while the average price of gold pounds 1085.76 dirhams.

May 7, 2014
Weekly Report for the precious metals markets

The price of gold has risen about $ 10 by the end of the week after hitting its lowest level in two and a half month , where violence has affected the events in Ukraine in the stock markets and currencies , which boosted the power of the precious metal .

On Friday, the price of gold rose 3.0 percent to 1298 dollars per ounce and gold was the lowest level in two and a half month to $ 24.1268 with the rise of the stock and weak technical factors . The price of gold in U.S. futures contracts for June delivery 5.0 percent to 6.1297 dollars per ounce .

The dollar fell 1.0 percent against a basket of currencies while European stocks fell due to tension in Ukraine .

Silver fell in online transactions 2.0 percent to 55.19 dollars an ounce .

And platinum rose 4.0 percent to 25.1402 dollars an ounce , while palladium rose 6.1 percent to 50.797 dollars per ounce .

On Thursday, gold prices rose with the increasing political tensions over Ukraine and helped the purchase of optional contracts linked to the recovery of the precious metal after its sharp decline in transactions after the hue to its lowest level in two and a half month .

During trading gold rose 6.0 percent to 76.1290 dollars an ounce .

The price of silver in online transactions 3.1 percent to 65.19 dollars an ounce .

And platinum rose 6.0 percent to 49.1404 dollars, while palladium jumped 8.1 percent to 25.797 dollars per ounce .

On Wednesday, gold settled near its lowest level in more than two months on Wednesday, while the rise in stock prices reduced the lure of gold as a safe haven and pamper exodus of funds backed by gold to the reluctance of investors for purchase.

The yellow metal influenced by data showed rising home prices in February and existing home sales exceeded expectations a little bit. The strong economic recovery to weaken the lure of gold as an alternative investment . Asian stocks rose after the results came survey of manufacturing in China in line with expectations, while the indicator of S & P 500 and Nasdaq on Wall Street for a sixth consecutive session .

The price of gold settled in the spot market at 5.1283 dollars per ounce . He had descended on Tuesday to 10.1277 dollars , its lowest level since 11 February .

The increased silver Spot 3.0 percent to 42.19 dollars an ounce .

Platinum rose 7.0 percent to 8.1401 dollars per ounce and palladium 34.0 percent, to 75.782 dollars per ounce

Selling precautionary

Gold prices fell to their lowest level in more than two months on Tuesday, with the rise of stocks on Wall Street and the continuation of gold-backed funds exited .

The decline accelerated after gold prices fell below the support level of $ 1280 an ounce, which sparked a sell precautionary to reduce losses .

The price of gold to $ 00.1280 an ounce , down 7.0 percent from its level . Earlier Tuesday coefficients gold record of $ 10.1277 lowest level since 11 February .

And I got Gold futures on the COMEX June delivery $ 12 to 00.1276 dollars an ounce .

And silver fell in online transactions 2.0 percent to 35.19 dollars an ounce . Platinum rose 3.0 percent to 80.1396 dollars an ounce . And palladium rose 7.0 percent to 05.782 dollars per ounce .
On Monday, gold fell to its lowest level in nearly three weeks on Monday, influenced by a large displacement of the largest fund of funds indicators reinforced metal in the world and the lack of further escalation of tension in Ukraine in connection with a so-called sell-off .

And palladium lost more than two percent , extending a decline after the agreed major manufacturers of the metal in South Africa last week to increase the wages of miners in an effort to end the strike and widespread workers .

Silver fell more than one percent decline also affected other precious metals .

Gold fell 4.0 percent to 72.1288 dollars an ounce after falling earlier to 40.1281 dollars lowest since the second of April .

The contract fell U.S. gold futures for delivery in June 40 .5 dollars an ounce to settle at 50.1288 dollars.

The Fund saw Gold Trust AG . Th . De largest fund indices enhanced gold in the world – which is a good indicator of investor confidence – the displacement of 3.9 tons last week .

Silver fell 2.1 percent to 36.19 dollars an ounce . Platinum was down 8.0 percent to 30.1393 dollars, while palladium fell 1.2 percent to 55.777 dollars per ounce

April 27, 2014
Gold prices may reach $ 1,250 an ounce

General Manager of The Wilton Group in the Middle East Ali Hamoudi explained that investors in the U.S. markets are focusing on corporate data more than the economic data over the past three to four weeks to come, which led to the heights and lows in the indicators pace light during the past period and last week in particular.

On the other hand pointed out that the demand for gold as a ” safe haven ” is dwindling in the current period , which caused Btargehh between $ 1,300 to 1280 dollars per ounce , and expected to reach levels of $ 1,250 an ounce, while ruled out significant fluctuations it now because investors are focusing on indicators States and the federal plan , which obviously they are moving to reduce the asset purchases .

April 22, 2014
Increase of more than 25% of gold sales in Abu Dhabi

Increased gold sales in Abu Dhabi rates ranged between 25% and 50% in the past two months, traders attributed the increase in sales due to the drop in the yellow metal prices during the month of June to 1230 dollars per ounce, compared to $ 1,800 before that.

Focused sales largely on metal alloys, and saw the past few days, a rise in the price of ounce of 1230 dollars to 1350 dollars, and then to 1380 dollars the day before yesterday, but this slight increase did not limit the turnout unprecedented consumers to buy gold in Abu Dhabi.

Stressed traders and consumers that the majority of buyers of gold during the past two months, I do not prefer to sell what they bought after the resumption of prices to rise again during the past few days, stressing that they are waiting for the biggest rise in prices to maximize profits, especially in light of the continued weakness of the dollar.

The consumers that the drop in gold prices still exists, though abated during the past few days, and resumed their rise, pointing out that demand is increasing for several reasons, the most important of low prices, as well as the beauty and splendor of gold wrought, especially from Bahrain, Saudi Arabia, Qatar and the United Arab Emirates.

Gold market of luxury markets, which depend on the seasons significantly in sales operations, such as Eid seasons and Mother’s Day and the month of Ramadan and the beginning of the year and weddings periods within and outside the country, especially in India and Pakistan. Said gold trader in Abu Dhabi

The unprecedented increase in gold sales during the past two months, especially since last June, due to the reason for the President, a decline in prices of the yellow metal levels historical, from $ 1,800 per ounce, to 1230 dollars, explaining that this significant decline and the sudden push to the emergence of a new category,They are small investors who preferred to turn what saved of funds “banknote” to gold, and in particular, buy gold bullion, which has created a significant shortfall in the supply of bullion, this decline also prompted many consumers to buy gold wrought for their family members., he add

Prices fell 21 carat gold to AED 142.5 and 24 to AED161 in Abu Dhabi, the price ideal for a very, drives many consumers and small investors to continue to buy in order to compactness, especially since all the projections indicate that the gold is back prices to rise further, due to the weak dollar, as well as that the world does not wake up after the fallout from the global financial crisis.

In the view of Salem that the proportion of gold sales increased during the past three months rates ranging between 40% and 50%, explaining that traders have made good profits, as well as consumers during this period, and certainly, every investor or consumer bought gold or alloy during the past two months, preferably offline do not sell now, because the increase in prices during the past few days, a slight and limited, and is still the dominant feature of the gold market in Abu Dhabi is the buying and recovery.

August 28, 2013
UAE Gold demand Record 40% Growth

UAE Gold demand record grew by about 40% in the second quarter of this year to reach 8.22 tons, compared to 3.16 tons in the second quarter of 2012 to come to the UAE so in ninth place among the top global growth in demand for gold.

World Gold Council recent data showed that the growth in demand for bullion and gold coins in the country reached 90% in the same period to a demand of about 4 tons in the second quarter 2013 compared to 1.2 tons in the second quarter of last year.

Growing demand for gold jewelery in the UAE by 32% in the second quarter of this year to reach 8.18 tons, compared to 2.14 tons in the second quarter of last year.

The data showed Gold Council report that the rate of growth in demand for gold during the twelve-month period ending with the end of the second quarter of this year reached 10%, bringing the volume of steel to 2.67 tons, compared to 9.60 tons in the twelve-month period ending at the end of the second quarter of 2012.

The growing demand for bullion and gold coins in the same period by about 5% to 2.11 tons, while the record demand for jewelery grew by about 11% to 56 tonnes.

In terms of value, bringing the total growth in demand to 23% of the total value of the request in the State during the second quarter to $ 04.1 billion (81.3 billion dirhams) for $ 843 million (AED 1.3 billion) in the second quarter of last year .

And grown the value of the demand for bullion and gold coins by about 67% in the second quarter of 2012 to $ 182 million (AED 668 million) compared to approximately $ 109 million (AED 400 million). While growth in the value arrived in demand for gold jewelry and ornaments in the state to 16% in the second quarter of this year to reach $ 855 million (AED 14.3 billion) compared to $ 735 million (AED 7.2 billion) in the second quarter of the year the past.

The growth in the value of the demand for the precious metal in the UAE to 4% during the twelve-month period ending in the second quarter of this year to reach $ 41.3 billion (AED 52.12 billion) versus $ 27.3 billion (12 billion dirhams) In the twelve months ended at the end of the second quarter of 2012. According to Gulf News

The value of the demand for bullion and gold coins in the UAE during the same period by about 1% to $ 566 million (AED 1.2 billion). While the value of recorded demand for jewelery and gold ornaments growth of almost 5% to $ 84.2 billion (42.1 billion dirhams).

Record demand for gold in the Middle East grew by 37% in the first quarter of this year, rising to 4.67 tons, compared to 7.55 tons in the second quarter of last year.

The value of the demand has grown in the region in the first quarter 21% to $ 07.3 billion versus $ 54.2 billion in the first quarter of 2012. According to the report a decline in global demand for gold by about 12% in the second quarter of this year to 3.856 tons with a total value of $ 39 billion.

August 21, 2013
High gold sales in Abu Dhabi with the decline in gold prices

UAE capital Abu Dhabi gold sales increased dramatically during the last period where many traders said that the month of Ramadan saw a significant increase in gold sales compared to previous years, especially with the decline in gold prices competitive and quality of the works displayed.

On a tour for “dubaigoldprices.com” in Zayed City Market for gold in Abu Dhabi said Abdullah one gold dealers in Rmaizan gold shop that sales of current gold since last April, which fell faithful gold prices significantly led to increased turnout arrivals to the purchase and acquisition of gold, gold sales are still much larger than the daily expectations and that we have not seen during the past two years.

Another dealer said in Damas Gold Store that the force of the daily supply of jewelry has become a regular basis and encouraged gold prices during the last period to increase sales, and he does not pieces of gold bullion now .. all carried out.!

Abu Dhabi gold rate today fro 24K record AED 162, 22K record AED 152 and for 21K record AED 145 .

August 14, 2013
Abu Dhabi Gold Jewellers reported up to a 30 % rise in Gold sales

Rising gold sales in Abu Dhabi with a decline in global gold prices and the recovery of the gold market with more customers .

Abu Dhabi Gold Jewellers traders have reported up to a 30 per cent rise in sales activity helped by growing consumer confidence as the emirate’s economic recovery gains further strength. “The start of Ramadan has been good so far,” said Riyad Musbah, the general manager at Riyad Jewellery in Abu Dhabi’s Madinat Zayed Gold Centre.

Gold prices are relatively lower and people are more comfortable with buying.” Mr Musbah said jewellers were anticipating the days leading up to Eid would prove whether that trend continued. “It’s usually five days before the holiday that most of the activity happens.”

The nosedive in the gold market has improved the fortunes of jewellers countrywide, who were struggling to sell gold bullion to customers after it peaked to US$1,789.73 an ounce last year.

Gold Bullion has lost 20 per cent of its value since the start of the year, with spot prices trading at $1,313.75 an ounce yesterday.

But traders are worried the yellow metal’s attractiveness may not stay for much longer after India introduced new regulations that curbed imports and drove prices higher.

“India is the key player in this,” said Mohamed Shakarchi, the founder and managing director of Emirates Gold Refinery in Dubai.

“Every year they have $60 billion to $70bn incoming and now, the balance of their payments, they are importing more than they are exporting. So their reserves are coming down very rapidly.”

The country introduced new regulations in a bid to stifle gold buying. It doubled its import tax to 8 per cent from 4 per cent at the start of the year.

The regulations also require that a fifth of bullion imports be used for export. The new rules have spurred a halt in imports since July 22, Bachhraj Bamalwa, the director of the trade body All India Gems and Jewellery Trade Federation, told Reuters.

“Following the Indian central bank’s introduction of further measures to curb gold imports, physical premiums have risen sharply in India,” said a research note from Commerz bank.

Gold rate rose 7.3 per cent from July 1 to July 31, which is its biggest monthly gain since January last year.

Hopes of further fiscal and monetary easing has helped keep prices steady. Commodities traders are looking for cues from the US Federal Reserve on when it plans to halt its fiscal policy, known as quantitative easing.

“We see some speculative buying on gold and silver,” a Hong Kong-based precious metals trader told Reuters. “Stops were triggered once gold hit $1,330. There is also month-end buying from funds as they window dress their portfolios.”

August 4, 2013
Short Guide to Gold Price and Purchase
In spring, the gold prices had been seriously tumbling and there has been much debate because of it. The plunge led to very scarce gold bars in stores – because of both the demand and the sellers’ reluctance to give away gold for such low prices. This has shaped even the rich market of the UAE. However, more and more people have been looking for gold bars as investment. Dubai, the Gold City, is facing shortage and all the nearby places experience a high demand, such as Turkey.

Physical Gold Demand on the Rise

The market has a volatile nature and speculations remain just speculations. Nevertheless, in many moments of gold lows, investors have made a substantial earning and the financially had recorded the spectacular cases. With today’s situation and the given Dubai gold price per gram, it comes as no surprise that people, small investors especially, are once again wondering whether gold is hitting the bottom or not and planning to overcome the financial crisis through acquiring physical metal. The demand of physical gold has been on the rise.

How the Gold Price Is Set

In September 2011, the gold rates made a drop of as much as 28% and people were queuing at stores to buy their share. It was a sharp rise in the customers’ numbers. The rush to buy has been ongoing. For many years there had been no such trend. To buy gold and silver coins and bars, one should be aware of the daily price or the spot, and the cost premium. Usually, there is no tax being charged. Diverse commodity exchanges trade these metals daily. The spot price represents the current value. The LMB or London exchange sets the gold price twice for each day in GBP, EUR and USD. The New York exchange fixes the price at the end of the day. As for the silver price, it is fixed only once in a day.

In most locations, when purchasing you will have the spot price as the base purchase cost. Note that the Dubai gold price per gram is also fixed twice a day. The premium represents the amount that is set over the gold price per gram and it is a fixed price. It depends on the minting, and thus a coin premium will be higher than that of a bar. When buying coins, it is important to know whether it is numismatic or bullion. The numismatic ones are a rarity and represent high value, being destined to collectors.

Be Mindful of Your Location

Those who want to get a hold of precious metal in a specific country or location should look for the existing country guides. These will provide them with specific information and make the purchase easier. Gold is highly popular in the UAE and therefore many people are interested in buying it from there, since there is a competitive market and the costs have went down. The Dubai gold price per gram is then very useful to know. The city is the gold hub of the Middle East and is known as the biggest re-exporter in the world.

Dubai, the City of Gold

The Dubai Metals and Commodities Center helped the city become very popular on the international gold stage. The Dubai Gold and Jewelry Group has also contributed. This is the one to fix the gold rates twice a day. There is even a shopping festival to happen every year, featuring important promotions. On the Dubai Gold & Jewelry Group website one can find the current gold rates – the

Dubai gold price per gram, our site page also presents the silver and gold prices. When inventory gets scarce or the market goes down, the premiums for silver and gold increased as a rule.

What You Can Buy in the UAE

In the Emirates, the favorite places to shop for metals are the big bullion shops. These have everything under one roof and display a wide selection of:
- gold bars,
- Valcambi coins,
- PAMP pendants and silver bars,
- Credit Suisse gold bars,
- Emirates Gold bars,
- Turkish gold coins of 21k or 22k,
- Gold sovereign coins,
- Saudi Arabian coins,
- international gold coins (Canadian, American, South African, Australian, Chinese, Austrian),
- Valcambi palladium bars of 1 oz and more.
All the costs are calculated based on the current Dubai gold price per gram which can be easily checked online or by phone via hotlines.
June 27, 2013
Egyptian gold market is experiencing fluctuations in demand and declining exports

Led the decline Egyptian gold exports to international markets in light of the decrease in global demand, declining domestic demand, to cause a state of recession in the domestic market, the yellow metal, according to a report issued by the Division of gold in the Federation of Egyptian Industries.

The report also pointed out that he had been laid off 50% of the labor factories and workshops gold during the last period due to the economic situation, and spending priorities Egyptian consumer that has changed at the expense of the precious metal, noting that gold prices locally determined mainly international prices and trading activity in the international stock exchanges, according to the newspaper “Gulf.”

Despite the instability that hit the gold market violently, both at the level of Egypt or at the level of exchanges world gold, but that there is a conviction and assurances on the part of traders that gold is still the safe haven to invest the savings of individuals, especially in light of poor economic conditions experienced by Egypt, which compounded the continued decline in the pound against the majority of Arab and foreign currencies, especially the dollar.

The whole traders that the movement within the gold market volatile and unstable due to disruption of economic conditions and its impact on the value of the local currency, and thus In times of increasing the desire to sell, and sometimes there is a demand for your purchase, but in all cases, the movement is less than normal rates.

He pointed Mohamed Shaaban, jeweler went, to that speculation on the dollar created a black market for gold in Egypt, after the increased demand for the acquisition of the U.S. currency either to save or to meet the needs of import, causing the creation of market” parallel” for gold has increased pressure on the yellow metal, in addition to the exchange rate of the dollar on the black market has become the main reference when determining the price of gold in the market.

He added Shaaban that the presence of more than the price of the dollar made gold price changes more than once per day, where at least the official price of gold in the market trading price often including between 10 and 15 pounds, pointing out that the disparity in the price of gold was not limited impact in the sale of gold jewelery to the acquisition but arrived in small bars that are purchased with a view to saving and investment, because they are sold the Net without increasing the price Workmanship and these alloys increased demand during the recent period by between 15% and 25%.

On the other hand, Atta said Ibrahim, a jeweler went, that the purchase of new gold is limited to some gifts light such as rings, chains and light, due to the economic crisis experienced by the majority of the people, but there is a kind of demand for buying “scrap gold”, a gold user because the sales process is performed without adding any stamps or tax or processors, but is added profit margin of the dealer no more than 5 pounds in a gram, a little amount for what endures buyer from purchasing new gold, with a total endures from stamp duty and tax and workmanship to about 15 pounds on average, and thus some people resort to buying gold user.

And sees Abraham to price volatility depth of the wounds of the gold market in Egypt because of reduced demand, compared to what was happening in the past, to the extent that some now resort to buying jewelry symbolism in most of the cases of marriage, to overcome the economic crisis experienced by the majority of Egyptian families, pointing out that there cases of sale are in the market but not in the quantities that were happening before and at spaced intervals.

June 23, 2013