Dubai: Gold Prices Decline Nearly Dh23 in Three Days

Dubai – Gold prices in Dubai have experienced a significant decline, falling nearly Dh23 per gram over the past three days.

As of Friday, the price for 24K gold was trading at Dh397.25 per gram, while 22K, 21K, and 18K gold were priced at Dh367.75, Dh352.75, and Dh302.25 per gram, respectively.

For more updates, connect with us on WhatsApp!

This drop follows a record high of Dh420 per gram earlier in the week, coinciding with global trends in precious metals following news that China may exempt certain US goods from tariffs.

The global price of gold was reported at $3,306.97 per ounce during midday trading, having previously slipped below $3,300 earlier in the session.

Vijay Valecha, Chief Investment Officer at Century Financial, noted that expectations of monetary easing and a weakening US Dollar have contributed to gold’s recent fluctuations.

Despite ongoing uncertainties surrounding US-China trade relations, the easing monetary policy appears to be supporting gold prices in the current market.

Follow us on Facebook for the latest updates!

Read more

• Carrefour Hypermarket Unveils Huge Discount Until 27th May in Qatar!
• Huge Discounts at Safari Hypermarket to Celebrate 20 Years Anniversary!
• Carrefour Unveils Huge Discount on iphones and more Electronics in Qatar!
• Mechanical Technician Position Available at Al-Futtaim Automotive in Domasco, Qatar!
• Auto Denter Position Available at Al-Futtaim Automotive in Domasco, Qatar!