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Tag: Gold prices rose

  • UAE Gold Prices Rise 2 Dirahms A Week

    UAE Gold Prices Rise 2 Dirahms A Week

    UAE Gold Prices Rise 2 Dirhams A Week

    Gold prices UAE rose nearly two dirhams in a week, according to gold prices in Dubai gold market in Dubai and Zayed City Market for gold in Abu Dhabi.

    Gold trader said : gold price hikes did not affect the sales and demand for gold as gold sales rose in Dubai gold market nearly 10% this week because of the Dubai Shopping Festival, which is witnessing demand from tour groups

    In gold market in Dubai today the price of gram 24K ‬ 202 dirhams, while the price of a gram 22K to ‬ 190 dirhams and the price of gram 21K‬ 180 AED scored gram 18K 154.25 dirhams and the price of one kilo gold in Dubai to 201,980 dirhams.

    Traders said the recent increases in the price of gold was not impressive, both on the rates of demand for jewelery sales or bullion and gold coins, especially on the part of tourist groups and the current rise in gold prices come under regular rates in global gold prices.

    On the other hand began Department of Economic Development, in Dubai, the implementation plan for the deployment of a smart monitors for gold prices in markets key for gold in the emirate, and some major business centers infested stores gold include gold markets in Deira, Bur Dubai, and Dubai Festival Mall, and Gold Souk in Dubai Mall , and a number of shopping malls including Al Ghurair

    The department said those screens is one of the tools that can provide protection for the consumer, through which it can know the price grams gold per standards which are sold in the market
    .

    This comes during the Dubai Shopping Festival 2013 and witnessed by the money in the UAE capital.

  • Gold recorded its highest prices since May

    Gold recorded its highest prices since May

    Gold recorded its highest prices since May

    Gold prices rose and silver to their highest level in more than three months yesterday after months of minor moves after revived the minutes of the latest meeting of the Federal Reserve Board (the U.S. central bank) hopes to launch more bond purchases soon.

    It is expected that the economic stimulus raises expectations for inflation, which will benefit gold, which is considered a hedge against rising prices, while enhanced prospects for economic recovery sentiment in the various sectors of the assets which involve higher risks.

    The minutes of the meeting showed the U.S. central that it is likely to launch a new round of monetary stimulus “very soon” unless the economy improved significantly. Said Chen Min, an analyst at Janroy futures in China “tone of the Fed in the minutes of the meeting completely different from what it was in previous statements and helped gold to break the previous range and move to a higher price range before the peak consumption season.”

    Spot gold rose 0.7% to $ 1665.9 an ounce, its highest level since the first of May, before falling back slightly to $ 1662.84. Futures rose U.S. gold for December delivery was 1.5% to $ 1665.70 an ounce.

    And silver rose instant more than 2% to $ 30.51, its highest level since early May. And instant platinum rose to about 1558 dollars per ounce, its highest level since the third of May, down the difference between the price of gold and platinum to near $ 100, which is less difference in more than three months. Palladium scored in the spot market the highest level in two months at 637 dollars per ounce.

    SINGAPORE (Reuters)