Tag: Gold Rate Today In UAE

The reasons for the decline in gold prices in the global stock market by 45 dollars.. Get to know them

Gold prices fell globally from the level of 1955 to 1910 dollars, after sharp selling operations as traders absorbed the statements of raising interest rates from global central banks, coinciding with the rise of the dollar yesterday, which kept the metal on track for its first weekly decline in seven weeks, according to a report by gold Bullion.

Gold prices declined to trade around the level of $1910 an ounce, with a decline estimated at 0.03% at the time of writing this report, after gold lost 2% yesterday, Thursday, due to profit taking, and gold fell by 0.4% so far this week. And with gold prices providing an excellent performance, up more than 20% over the past three months, some profit-taking was likely in the near term, but for gold prices, there could be a greater conviction for sellers is a drop below the $1895 level, according to the report.

Gold prices have gained around $300 since November due to expectations of a less aggressive interest rate hike by the US Federal Reserve, as the low interest rate environment reduces the opportunity cost of holding non-yielding gold. After the Federal Reserve raised interest rates by 25 basis points, the European Central Bank and the Bank of England each raised interest rates by 50 basis points as expected on Thursday. Meanwhile, the US dollar is down 0.1% at the time of writing, on the data front, investors are now awaiting the US monthly non-farm payrolls due later in the day, unemployment and the wage change.

February 4, 2023
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.

August 29, 2017
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”

September 3, 2014
Gold prices UAE hits 163 per gram today

Gold prices in the UAE fell nearly two AED during the week where Gram 24-carat DH 163.80 , gram 22 carat DH 154.23 , Gram- 21 carat DH 146 and settled gram 18 carat DH 182 according to the Dubai Gold prices today

«the recent decline in gold prices has not been reflected as expected on sales outlets, with the exception of a very limited improvement in sales of light artifacts. said Ali Yaf’i director of Al «Basalt Jewelry»

He attributed the slow sales to the Holidays with some dealers, and concern for others, school season and pay their fees.

Return of dealers to buy and activate the market, in the event registration gold rates fell incentive to buy, worth up to 10 DH, or in the case of seasons purchase such as the approach of Eid al-Adha mid-October next, the reliable traders to raise sales. said Mohammed Eisaei in «Romaizan Gold and Jewellery»,

Markets experiencing a slight improvement, sales declined in the works only light, while the continued decline in sales of bullion and gold coins. He added that «the majority of traders are expecting the return of the largest proportions activity ahead of the Eid al-Adha season, which compensates rates and slow the decline in sales in local markets since the beginning of September», said Sales manager in a shop «ATM Jewelry», Abdullah Mohammed Thami

Dubai is one of the largest gold markets in the region and is characterized by goldsmiths attractive forms and unique formations and attracts many lovers acquisition of gold

September 28, 2013
UAE Gold Rate Today Increase 7 AED

Dubai – Gold Rate in UAE record rise ranging between three and 7.5 dirhams per gram, in various gold types , according to list prices in the markets of Dubai and Sharjah, compared to the end of last week.

This is the second increase elevations, respectively, achieved by gold, after scoring two dirhams reached heights over the past week, after consecutive declines amounted to 19 dirhams in three weeks.

Officials in stores Jewelry and Craft gold in Dubai and Sharjah, said that «the markets are still experiencing demand for jewelery and gold coins, although rates rises disparate, which did not affect the attractiveness of gold for consumers», stressing that the high demand for bullion offset by a decrease in supply during the two weeks two years.

And detailed, 24K record ‬ 155.25 AED, up ‬ 3.25 AED, compare with the end of the previous week, while the price of 22K record ‬ 147 AED, an increase of three AED and 21K record 141 AED an increase of 7.5 dirhams from the end of the previous week, while the price of 18K record 121.75 AED, an increase of 5.5 dirhams.

The director of trade development in the company «Jewelry Karen» Trade jewelry, Krish Kumar, said that «gold prices, despite the recent variants are still attractive to consumers, because recent increases did not reach the limits relate to gold prices, during May and June, which made rates prices not seen since the nearly three years.

He stressed that «the increasing consumer demand to buy gold bullion, for the purpose of saving and investment, contributed to the continuing crisis of shortage of supply of those bullion markets witnessed two weeks ago.

For his part, the official store sales «Jewelry happy», Abdulrahman Mohammed, that «the recent price hikes did not affect much in demand for retail outlets, especially for clients who are seeking to buy and bullion gold coins, with the aim of investing.

He added that «most of the demand is currently focused dealers of Asian nationalities on Ayari (21) and (22) carats, because they are at least a loss of (Workmanship value) at resale.

In turn, the director replaced «Jewelry Vienna», Essam Haddad, said that «dips big record gold in stages gradually during the past two months, has worked since the beginning of July to the continued demand for jewelry and bullion, which was not affected by increase price current limited, which did not reach After a par with the value lost by gold, has contributed to the continuing demand for ports in varying proportions.

July 13, 2013
Gold price drop 20 AED per gram in the biggest drop in two years

UAE Gold prices show yesterday declines ranged between 16 and 20.75 dirhams per gram, compared to rates of price end of the previous week, according to gold rate in Dubai .

Officials jewelry shops described artifacts gold in Dubai and Sharjah, dips price as the largest in nearly two years, arguing that the market is witnessing activity growing in popularity dealers to buy bullion and gold coins and jewelry, bringing the sales of those products at rates exceeding ‬ 30% compared to last week.

price of gram gold (24) carats, yesterday 166 dirhams, a decrease of 20.75 dirhams by the end of last week, while the price of Gram (22) carats, 157 dirhams, down amounted to 18.5 dirhams.

The price of gram (21) carats to 148.25 dirhams, a decline of 18.75 dirhams, while the price of Gram (18) carat 127 dirhams, a decline of 16 dirhams.

A store manager «Alujain to jewelery trade, Ebadi preferred, that« the big declines in gold prices, spurred a large number of dealers to buy gold jewelery of various kinds, as well as bullion and coins for investment purposes and savings.

He stressed that «ports saw sales exceed the growth rate of 30%, compared to last week, especially with the turnout of Arab citizens and residents to buy large quantities of artifacts in preparation for weddings.

In turn, the official said sales in the shop ‘Jewelry of days’, Jalish Saqr, that «the significant decline achieved gold prices, finally, not seen in the market about two years ago, especially with the decline in the price of gold grams of rounds (18), which is most common in the sales, below 130 dirhams ».

He added that «declines lured dealers بالإقبال on buying alloys and products for savings, contributed to the increase in sales activity rates estimated at 30%, compared to last week.

For his part, an official said sales in the shop «Romaizan Gold and Jewellery», Mahmoud Al Yafei, said that «outlets currently witnessing a huge demand for gold bullion rounds ‬ 24 carats, which is most commonly used for the purposes of investment», pointing out that there is a growth in sales Goldsmiths rate is estimated at 30%, especially in Ayari (21), and (18) carats.

In the same context, the store manager pointed «Jewelry Dhecn», that «the declines recorded by the gold prices at high rates Finally, rates lifted demand for purchase in jewelery outlets, stressing that the market has not seen these prices since about two years.

He stated that «the current prices are attractive to buy customers, whether for decorative purposes or for savings, which revived sales of gold traders at rates varying ranged between ‬ 20 and ‬ 30%», expected to continue growth in sales in the event of continued gold prices at rates comparable to its current borders .

The official agreed sales in the shop «Kanz Jewellery», Mayor Femara, with his counterparts from the merchants in the retail outlets have seen during the past two days, an overwhelming response from dealers with gold prices start to achieve significant decline in rates.

He explained that «dips and synchronizing periods to prepare for the summer holidays and weddings, has contributed to the substantial growth in sales.

April 19, 2013
Dubai Gold Rate Declines Up To 3.5 Dirhams Per Gram

Dubai Gold Rate Declines Up To 3.5 Dirhams Per Gram

UAE Gold prices fell ranges between 2.75 and 3.5 dirhams per gram in various gold carts, compared to UAE gold prices last weekend, according gold rates in Dubai gold prices and Sharjah gold markets until yesterday .

Officials gold shop trader in Dubai and Sharjah that the declines in prices over the week is more influential in the Gold market compared to rates decline during the past week, which did not exceed one dirham per gram, that the decline in prices to support sales growth rates is limited.

The price of a gram gold 24k 202.25 AED, a decrease of 3.5 dirhams by the end of last week, while the price of one gram 22k to 190 dirhams, a decline of 3.5 dirhams.

The price of a gram 21k 180 dirhams, a decrease of 3.25 dirhams, while the price of a gram 18k 155 dirhams, a decrease of 2.75 dirhams.

The director of the shop «Basalt Jewellery», Ali Al Yafei, said that «decline in prices during the current week to support sales activity for our rates is limited, and reached ‬ 10%», adding that «decline in prices was a contributing factor in motivating consumers, especially Arabs and citizens who preparing for the establishment of their joys during this period of the year, to buy jewelry, but did not succeed in achieving the required activity in sales, due to continuing fears some dealers of price instability as a result of volatility’s rapid gold Finally, reaching high levels since the middle of this year ».

For his part, Director of Sales at the place of «Jewelry teller», Abdullah Mohammed Ali, he «despite the decline in sales rates relatively large during the current week, but sales grew at rates is limited, so with anticipation Most dealers further declines could nearly the same price limits during the first half of the year.

He added that «most traders rely on season celebrations (Christmas) and New Year’s Day, which is expected to raise the sales starting from mid-month to finish well proportioned», adding that «most transactions this week focused on works of the caliber ‬ 21 carats, from by Arab traders in particular.

In turn, according to official sales in the shop «Jewelry Design The», Asim Ali, that «decline in prices this week was of positive signs that have contributed to moving the sales, albeit at rates limited, but is not a powerful engine to stimulate sales a great extent, with continuation of the fact that gold prices in the already high rates do not encourage customers to buy it, pointing out that «New Year celebrations through the end of this month is expected to contribute to make good gains in sales of local gold markets.

December 7, 2012
Decline in the value of gold sales in the UAE during the 9 months by 7%

Officials companies in the manufacturing sector and the gold trade said that , the improvement witnessed in different economic sectors in the domestic market since the beginning of the year, especially in the sectors of hospitality, retail, was a key factor in raising the sales of consumer demand (gold) during the first nine months of this year, against a decline in demand for investment (bullion and gold coins), compared to the same period of year 2011.

They confirmed that the fluctuation of gold prices, and achieved great heights in prices compared to last year, as a result of political changes in the world, was one of the factors contributing to the devaluation of gold sales in the UAE since the beginning of this year until last September, rose ‬ 7%, according to a recent report World Gold Council.

Report data for «World Gold Council» declined value of gold sales in the UAE by ‬ 7% to about ‬ 10.2 billion dirhams at the end of last September, compared ‬ 11 billion dirhams during the same period in ‬ 2011, as recorded local market decline in demand for gold (for investment) in the third quarter of this year by ‬ 29.5%, after falling to ‬ 112 million (‬ 411 million dirhams), compared ‬ 159 million (‬ 583 million dirhams) for the quarter itself from year 2011, while the consumer demand for jewelry around 315 million dollars (1.15 billion dirhams), compared to 449 million (AED 1.64 billion for the same quarter of last year.

dominated demand for gold jewelery in the UAE to 75.8% of the total demand for gold during the third quarter of this year, estimated at 8.7 tons, compared with 73.8% during the same quarter of 2011 ».

Director-General said in the company «Dahab» for manufacturing and trading gold, Suhaib Sheikh, said that «the high demand for gold against a decline in buying gold for investment in the state, was the result of a logical improvement remarkable achievements of different economic sectors in the country, especially in the hospitality and tourism sectors , and the recovery of the movement of tourist groups to the State during the last season of Eid al-Adha.

Pointed out that «it is possible that the value of gold sales fell, but the rates of demand for gold jewelry, The small or light, rose.

In turn, the Director-General said in the company «Rosy Blue to trade and supply of gold, Aaron Bahtnjar, that« the demand for gold for investment sales, including bullion and gold coins, witnessed a noticeable decline, which was confirmed by the report of the World Gold Council.

The Bahtnjar attributed the decline in demand for bullion, compared with an increase demand for gold jewelry to two factors improved financial access for some individuals as a result of the recovery of certain economic sectors, and increased sales of gold tourists.

He added that «the supply and sales of gold to the company in the domestic market, witnessed growth during the months ‬ 10 first of the year, reached ‬ 30%, compared to the period of time the same year ‬ 2011, which accompanied the results revealed by the global report on the status of the sector in local market.

Furthermore, the President stated in the company «Salem Shuaibi» Jewellery, Salem Shuaibi, that «sales jewelry has grown since the beginning of this year, backed by increased demand from tour groups, and procurement processes, even small amounts of residents», pointing out that «high volatility in prices during the current year has not been reflected positively on the purchase of gold bullion.

November 27, 2012
Gold Price In UAE Down 4 AED IN Week

Achieved a new gold price declines, yesterday, ranging between 1.75 and 2.25 dirhams per gram in various calibres priced compared to the end of last week, according to the declared prices in the markets of Dubai and Sharjah until yesterday afternoon.

The new dips, which contributed to the sales promotion, according to dealers in Dubai and Sharjah, as a continuation of a limited slip achieved gold prices last week reached AED 1.75, bringing the total declines during the two to four dirhams per gram.

The price of a gram (24) carats, yesterday 0.209 dirhams, down 2.25 dirhams for the end of last week, while the price of a gram (22) carats to 196.75 dirhams, down Darhamin, and the price of gram (21) carat 187 dirhams, down Darhamin, while the gram (18) carats 160.25 dirhams, down 1.75 dirhams.

The director of the shop «Jewelry Vienna», Issam Haddad, said that «this week saw the return of sales activity significantly», and went on: «increased sales 20% compared to last week, due to several factors, most notably declines new this week, along with the growing the sale to tourists, with the recovery movement tourist groups from various countries, including visitors and participants in the exhibition (GITEX), who took refuge in some of them to buy gifts gold to their loved ones in their countries », adding that« the approaching Eid al-Adha contributed to stimulate sales with the start members to buy gifts during the current week.

For his part, the Director replace «jewel Baghdad» to trade jewelry, ruled Lord, that «undo the additional achieved gold prices during the second week in a row restored activity to markets at rates significantly compared to last week, even though they did not report activity rates itself in August past, pointing out that «if prices continued at levels comparable to current levels or less, it is expected to achieve good sale rates such as Eid al-Adha.

October 19, 2012
Gold prices in UAE rises 3 Emirates dirhams per gram

Gold prices in UAE rises 3 Emirates dirhams per gram

Gold prices in UAE rise again for the third week in a row between three to four dirhams per gram of various carats of gold according to the prices of gold in Dubai and Sharjah today with Compare gold prices for the last week and which Exceeded 12 dirhams over three weeks

The officials gold sales in Dubai said that rising gold prices in the past week has had a major impact on the movement of gold, where sales dropped by nearly 60 percent with limited movement on the sale of old gold by consumers.

The price of a gram of gold in the UAE today (24) carats 210.75 dirhams, up 3 dirhams from last week, while the price of a gram (22) carat 198.5 dirhams, scoring gram (21) carats 188.75 dirhams, and the price of gram ( 18) carats 161.20 dirhams.

Says Abdullah Mohammed Tuhami sales manager in place of «Jewelry teller» Trade jewelry that increasing gold prices in the UAE for a third week may have contributed to the lack of sales and the decline of up to about 60% compared to last week explaining that the rise in gold prices in the UAE for more than 12 dirhams to pay some consumers to resort to selling gold Jewelery to take advantage of current high gold prices.

On the other hand, said one gold dealers in Dubai gold market that most gold traders await improved the situation and preparing for festival (Diwali) Indian, which resolves after about a month, which exceed the sales of gold and buy gifts, which may contribute to the increased gold sales Emirates during that period, especially with coincided with the Eid al-al-Adha

September 22, 2012