Gold Prices Remain Below 500 Dirhams
Gold prices in the UAE stay stable below 500 dirhams, with 22K at 451 and 24K at 487 dirhams per gram.
Sources indicate that gold prices in the UAE have remained stable today, Wednesday, with 22K gold trading close to 451 dirhams per gram, while 24K gold is recorded at approximately 487 dirhams per gram. This stability has continued for the third consecutive week below the 500 dirham mark, amidst ongoing global market volatility. Internationally, gold is trading around 15,227 dirhams per ounce (4,138 dollars), marking an annual gain of over 57%. Analysts believe that expectations of a U.S. interest rate cut in December, along with strong demand from central banks and geopolitical tensions, remain supportive factors for gold in the medium term.
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