Gold Prices in the Gulf
Gold prices in the UAE remain stable below 500 dirhams/gram, with 24K at 482 dirhams. Global prices rise 0.07% to $4,138/ounce.
Local market data indicates that gold prices in the UAE have stabilized at levels below 500 dirhams per gram for the second consecutive week, with 24K gold trading at 482 dirhams per gram and the more popular 22K gold priced at 446 dirhams per gram. Globally, gold has risen by 0.07% to reach $4,138 per ounce, marking gains of 3.94% over the past month and 57% year-on-year. Analysts anticipate continued price stability in the near term, fueled by ongoing demand from central banks and geopolitical concerns supporting the yellow metal.
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