dubaigoldrates

Tag: Dubai Gold Market

  • Gold Price Today in Dubai Rise DH 5 Per Gram after weak U.S. economic data

    Gold Price Today in Dubai Rise DH 5 Per Gram after weak U.S. economic data

    UAE Gold Prices rose this week 5 AD with the high price of global gold after data came in economic growth in the United States weaker than expected, which hurt the dollar, but traders said the failure of the metal to continue the gains indicates that some investors reaping profits after prices hit the highest level in two months in the previous session.

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 156 , gram 22 carat DH 1478 , Gram- 21 carat DH 140 and settled gram 18 carat DH 120 .

    And increased the attractiveness of the precious metal as a safe investment risk after data showed that the U.S. economy shrank in the first quarter at a pace much faster than previous estimates.

    Gold rose about four percent in the past four sessions to its highest level in two months on Tuesday at 1325.90 dollars an ounce. The price of gold because of fears of escalation of the Iraq conflict and because of the absence of an explicit commitment from the Federal Reserve (the U.S. central bank) to raise interest rates.

    Gold rose in the spot market 0.2 percent to 1319.85 cricket world cup 2015 an ounce at 1901 GMT, while futures rose gold in the United States hand over August to $ 1.30 to $ 1322.60 an ounce at the settlement.

    Silver rose 0.4 percent to 20.95 dollars an ounce.

    Platinum rose 0.2 percent to 1466.25 dollars an ounce. As palladium rose 0.3 percent to 829 dollars per ounce

  • Dubai Gold Rate Today

    Dubai Gold Rate Today

    Dubai Gold prices rose today one AED per gram with the beginning of the improvement in the price of gold and the return of the demand for gold as a safe haven again

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 156 , gram 22 carat DH 148 , Gram- 21 carat DH 141 and settled gram 18 carat DH 121 .

    Gold prices globally strong gains at the start of trading this week , to reach the level of $ 1314 an ounce , the highest price since mid- April.

    « What we are seeing now from altitudes of gold , comes amid seize investors an opportunity illiquidity , as a result of holidays in both Japan and Britain , profit-taking short positions on gold , after that arrived last week to an important technical support levels » , said The Director of the company « ICM Capital » British , Shoaib Abedi
    « the escalation of tension between Russia and Ukraine , added further gains for gold , with recourse to investors , traditionally a safe haven , boosting profits on the strength of the yellow metal » He added

    Abdi confirmed that « Gold is currently undergoing a phase of technical trading , within a limited range , in the presence of conflicting effects on the orientation of gold over the long term , what keep it within the levels traded between an upper limit of $ 1331 , and 1277 dollars minimum trading » .

    He explained that « the markets consider the positive side of gold , to the state of tension between Russia and Ukraine , which makes the pro -altitude gold positions to buy, to escape towards safety , and the use of gold a safe haven , which supports the yellow metal , and paid to the rise in the current period » .

    « geopolitical tension may have important economic implications may pose more pressure , especially on the European economy , which makes gold desirable commodity among researchers about safety , and we see the markets react according to him any new developments on the Ukrainian scene » .He said

  • UAE Gold Rate Climb DH 2 Per gram In A Week

    UAE Gold Rate Climb DH 2 Per gram In A Week

    Gold Price In Dubai record limited altitudes ranging from $ 75 fils and 1 AED for gram compared to prices last weekend, according to list prices in the markets of Dubai and Sharjah.

    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 140 and settled gram 18 carat DH 120 .

    Gold prices rose more than 1 percent on Friday registered the biggest gains of the day in two months after he helped the growing political tensions between Russia and the West over Ukraine and purchases to cover short positions on the precious metal recovery from a strong sales followed the jobs data in the United States .

    The price of gold jumped for immediate sale 1.3 percent, to 1298.30 dollars an ounce in late U.S. trading after it was recorded earlier level rise of more than U.S. $ 1304.90 .

    During the meeting, Gold fell to 1276.60 dollars , its lowest level in a week when the U.S. government said that the jobs data out of the agriculture sector show that the U.S. economy added 288 thousand jobs in April, a figure that exceeds the average forecast of $ 210 thousand and represents the highest increase in jobs since January the second in 2012 .

    And stepped up U.S. futures for June delivery went 18.80 to $ 1302.20 .

    And showed better performance than silver with gold rise 2.6 percent to 19.46 dollars an ounce .

    Platinum rose about 1 percent to 1432.25 dollars an ounce , while palladium fell 0.1 percent to 808.00 dollars an ounce

  • UAE Gold Rate Slides To 10-week low

    UAE Gold Rate Slides To 10-week low

    (DubaiGoldRate) Gold stabilized in Asian trade on Wednesday near its lowest level in more than two months after he led the rise of global stock markets to decline in the attractiveness of the yellow metal as a safe investment and weaken the appetite for funds investing in precious metals .

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 151 , gram 22 carat DH 144 , Gram- 21 carat DH 137 and settled gram 18 carat DH 116 .

    And settled the price of gold for immediate sale around 1283.50 dollars an ounce in early trading in Asia, after it was dropped on Tuesday to 1277.10 dollars , its lowest level since Feb. 11 .

    As futures settled U.S. gold around 1283.50 dollars an ounce .

    Officials said that the jewelry industry is expected to go down India’s imports of gold in April and May, half of levels in March with causing restrictions on the movement of cash during the general election in a negative impact on the purchasing power of consumers .

    The global stock markets rallied on Tuesday, supported by strong profits announced by U.S. companies and deals for mergers and acquisitions among European pharmaceutical companies in addition to upbeat data on consumer confidence in the euro zone .

  • 22ct Gold Rate In Dubai Slumps to Dh144

    22ct Gold Rate In Dubai Slumps to Dh144

    Gold prices in Dubai slump three AED per gram over the past week has seen sales of gold relative stability backed down prices, and the enthusiasm of tourists on the purchase, while sales of bullion and gold coins drop rates mixed in demand, as a result of the fluctuation of prices during the recent period, expecting to record sales growth in the coming days on the occasion of subsidized «Easter holiday».

    In Dubai the city of gold, Gold prices in the UAE for Gram 24-carat DH 153 , gram 22 carat DH 144 , Gram- 21 carat DH 138 and settled gram 18 carat DH 117 .

    Said many gold traders that «Sales are currently experiencing what is described as a positive stability in demand for jewelry, caused by a decline in gold prices finally, what contributed to the limited improvement compared to last week».

    «Goldsmiths were Most popular during the past few days, backed catching on tourists and residents to purchase, compared to rates of demand for sales of bullion and gold coins».

    Sales have been limited to some goldsmiths light, so with the expectation of the majority of dealers declines new incentive to buy a similar price to the border, through Feb.

  • Dubai Gold Rate Climb DH 3 Per gram

    Dubai Gold Rate Climb DH 3 Per gram

    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 .

  • Dubai Gold Slumps to Dh146 as Further Decline Expected

    Dubai Gold Slumps to Dh146 as Further Decline Expected

    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.

  • Dubai Gold Price Low As Prices Hit New Record

    Dubai Gold Price Low As Prices Hit New Record

    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

  • Low Gold Rate In Dubai support Sales Of Gold Bullion And Coins

    Low Gold Rate In Dubai support Sales Of Gold Bullion And Coins

    Low Gold Rate In Dubai support Sales Of Gold Bullion And Coins

    Continued gold prices decline achieving, the day before yesterday new declines ranging between 3.5 and 4.5 dirhams, compared to gold prices last weekend, according to gold rate in Dubai market , bringing the total value declines during the past three weeks to 12 dirhams, at the time said gold shops in dubai that the markets that demand change more towards bullion and gold coins.

    The price of gold grams of 24-carat 151 AED , a decrease of 4.5 AED from the end of the previous week , while the record gram of 22 carat 143 AED a drop of 4.25 dirhams . And the price of a gram of 21 carat 137.25 AED , down four dirhams worth , and gram of 18 carat 118.5 AED , a decline of 3.5 dirhams .

    Registration gold rates drop large Finally , shares in changing demand more in the markets towards bullion and gold coins , for the purposes of saving and investment , with the attainment of gold indicators stimulating the purchase did not communicate them since May 2013 , which saw the largest decline in the price of gold two years ago , said Krish Kumar .

    Sales bullion and gold coins has grown at rates reached ratio to 15% compared to growth rates of 10% for jewelry . Add Kumar

    Despite the growth in sales of bullion and jewelery, influenced by the great retreat in gold prices, the weather contributed to the reduced revenues anticipated in the markets of Sharjah », expected to show declines returns gold prices with the weather improved, said Director of Sales «Jewelry teller», Abdullah Mohammed Ali Thami

    Increasing sales of tourists with low prices, contributed to the revitalization of markets activities at rates of sales growth amounted to 15%

  • Dubai Gold Rate touches the lowest as compared to the past three decades

    Dubai Gold Rate touches the lowest as compared to the past three decades

    Dubai Gold Rate touches the lowest as compared to the past three decades

    Gold had been one of the bright investments for the investors in recent. After Economic recession hit the world’s largest economy, the world market saw a large number of investors migrating to gold. Past two years gold rates had shot up to the sky, with increasing number of big and small investors taking up gold as secure and long lasting asset. Entrepreneurs from all over world gather at Dubai for international conferences to decide the prices in different carats and also to exchange views on its market scenario.

    The yellow metal turned down all investors as in April Gold Market saw deep din gold price which was almost by 15% from January 2013.

    European economy effects Gold Price

    • Earlier in 2011, Gold prices shot up as US economy was facing the greatest economic crisis of the times. Market experts say that the Economic condition in Europe which in turned declined the value of the Euro is the cause of the latest trend in gold Market.
    • Investors who are leaving gold and the Euro is migrating to US Dollars, as there are improvements in the US Economy.
    • Compared to the all time high price of gold in 2011, Gold seems a have lost 30% of its price in mid of April.
    • The gold decline started when   a huge selling order was placed with a big investment bank which set off a tremendous downfall in the Gold price.
    • All in all, with Europe’s unstable economy and heavy selling by big shots led to decline of the gold price.

    Dubai Market reacts to Gold Price:

    Dubai is one of the highest traders of gold. Dubai gold is also known for purity and Dubai is one largest market of Gold Bullion.

    1. Investors avoid Gold

    The current Dubai gold rate hit the investors and gold retailers in Dubai.  The demand of Gold among the Dubai investors decreased. The Gold retailers who had not forecasted this downfall is predicted face losses.

     

    2. Frantic buying by end customers:

    Even though the price of gold would have hit investors on the other said this had turned events in positive for end Customers. With decrease in Dubai gold rate; people were found rushing to Jewelry shops and hysterically buying gold jewelries and Bullions. Many shops reported high demand for Bullions and coins. Indians, the highest consumers of gold in world, were stopping in the shops to accumulate physical gold. This shows end customer’s stiff finds gold as adornment and as an investment.

    Analysts are skeptical about the upcoming trends in Market. Some experts say that the current trend in the US economy may not be much more promising which can change the gold trend. Another view of market experts is that   investors may not prefer gold for the upcoming months of 2013. The gold has lost its shine for a time being making paper currencies much preferable investment. Dubai gold market can also view low investments, but physical buying of gold would   all across the world.