Tag: 22k gold rate in dubai

Gold prices continued to rise in UAE for the fourth day in a row with the high price of gold, where prices recorded a rise in the Dubai market worth DH 3 Per gram

In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 155 , gram 22 carat DH 147 , Gram- 21 carat DH 139 and settled gram 18 carat DH 119 .

Stabilized the price of gold without its highest level in two and a half day Friday , and headed for the best week in a month amid weakness in risk appetite with growing hopes of not raising the Federal Reserve ( the U.S. central bank ) interest rates in the next year at the earliest.

The gold record on Thursday, the highest price since March 24 about 1324.40 dollars per ounce after the minutes of the meeting showed the central bank in March that officials do not hurry to raise interest rates after the termination of bond-buying program , which was feared by markets .

And settled spot price of gold was unchanged at 1319.03 dollars an ounce at 0955 GMT . The metal rose 1.2 percent this week, heading for gains for the second week in a row .

The price of gold in U.S. futures contracts for June delivery was up 0.1 percent to 1319.40 dollars an ounce .

Silver rose 0.3 percent to 20.06 dollars an ounce .

And platinum rose 0.5 percent to hit U.S. $ 1455 and palladium 0.1 percent to 787.30 dollars an ounce .

Gold prices fall between DH 3.5 and DH 4.5 per grams compared to gold price last week according gold prices in Dubai Gold Souk as yellow metal continues its losses for the second week in a row, after a series of continuous rises lasted seven weeks.

Gold prices in the UAE for Gram 24-carat DH 152 , gram 22 carat DH 144 , Gram- 21 carat DH 136 and settled gram 18 carat DH 116 .

The officials Outlets agreed that gold and of jewelry sales in a state relative stability in the demand and the majority of dealers awaited recording of additional declines over the coming period.

Prices in the UAE have seen an average of 2 per cent drop in the last two months — what’s happening is that the local wholesalers are buying more of Indian-made jewellery and this is then released to local retailers,” said Shamlal Ahmad, managing director of international operations at Malabar Gold & Diamonds. “In an intensely competitive retail environment, these lower price points are being passed on to the shopper.

“Because a small jewellery retailer here has access to the same designs and pieces that a bigger chain might have, it will be impossible to maintain a big difference between prices at different shops.”

There will be pressure on Indian jewellery firms to seek higher export returns given India’s 80:20 requirement, i.e., that 20 per cent of all their offtake should be shipped out. Only if they meet this requirement will they have access to the 80 per cent they can then sell into their domestic markets. India brought in this regulation as part of a series of measures to cool down demand for the metal and its various forms in its home market.

Gold record the lowest level in six weeks yesterday and went down to about $ 1,300 an ounce for the first time since mid-February with exposure to price pressure due to speculation that U.S. interest rates will rise faster than expected and the decline of tensions over Ukraine .

Traders said selling accelerated with the descent of the metal on the level of technical support psychologically important $ 1,300 an ounce and the moving average day in 1296 to two hundred dollars an ounce . Prices fell to its lowest level since February 13 at 1291.36 dollars an ounce . The decline in the spot price of gold was up 0.8 percent to 1292.99 dollars an ounce , taking its losses this week to three percent .

The U.S. gold futures fell for April delivery 9.40 dollars an ounce to 1294 dollars . Silver fell in online transactions 0.2 percent to 19.64 dollars an ounce . Platinum was down 0.1 percent to hit U.S. $ 1397.25 an ounce and palladium fell 2.4 percent to 756.75 dollars.

Gold prices today dropped 2 AED per gram in Dubai Gold Souk with the decline in world gold prices to $ 1310 /OZ .In Dubai, the city of gold, one gram of 24ct gold was retailing for Dh 155 .

Gold prices in the UAE for Gram 24-carat DH 155 , gram 22 carat DH 148 , Gram- 21 carat DH 139 and settled gram 18 carat DH 119 .

At the other hand, Gold prices rose in Asian trade on Tuesday, recovering from its lowest level in a month , which noted in the previous session, with the support of purchases to cover short positions and an increase in holdings of index funds backed by the precious metal , but expectations of higher U.S. interest rates and the lack of actual purchase restricting gains.

The price of gold for immediate sale 4.43 dollars to 1313.55 dollars per ounce by the time 0337 GMT, moving away from its lowest level since Feb. 20 of $ 1307.54 dollars , which fell to him on Monday, but without the highest level   of 1391.76 dollars which jumped him last week .

And increased Futures U.S. Gold $ 3.00 to U.S. $ 1314.20 an ounce .

The yellow metal a loss of 3.5 percent last week after it surprised the president of the Federal Reserve ( the U.S. central bank ) global markets on Wednesday when he pointed out that interest rates may rise later faster than expected