dubaigoldrates

Tag: current gold prices in UAE

  • 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.

  • UAE Beats India in gold consumption

    UAE Beats India in gold consumption

    The UAE ranks the first place worldwide in per capita consumption of gold, superior to the ancient countries such as India, in a new indicator on the strength of the State economy, according to Emirates today.

    “Gold Group” of the Chamber of Commerce and Industry of Abu Dhabi, the expectation that prices are gold in the state decline during the next six months, revealing that sales of gold jewelry in Abu Dhabi, exceeded six billion dirhams during the first eight months of this year, and it is expected sales to exceed nine billion dirhams at the end of the year.

    “the average per capita consumption in the Emirates of gold reached 30 grams per year, compared to just one gram per capita in India, for example,” noting that “this is a sign of the strength of the economy is growing, and high levels of living in the state. ” Said Abdul Wahid Al Marzouki the secretary “Gold Group”

  • Gold Prices In UAE Settle On A New Weekly Drop

    Gold Prices In UAE Settle On A New Weekly Drop

    Gold prices in the UAE settle on a weekly decline with the decline in gold prices with concern from the U.S. Federal statements about the stimulus program .

    Gold prices in the UAE for Gram 24-carat DH 150 , gram 22 carat DH 142 , Gram- 21 carat DH 134 and settled gram 18 carat DH 115 .

    Gold was unable to recover on Tuesday from sharp losses incurred the previous day, with investors filled with uncertainty over when the US Federal Reserve would begin to taper its monetary stimulus, while physical demand for the metal remained weak, reported Reuters.

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

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

    UAE Gold price today

    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.