Dubai gold prices fall again, 24K drops Dh8.25 in two days
Dubai: Dubai gold prices moved lower on Wednesday morning, extending their retreat from the start of the week and bringing local rates down from some of the highest levels recorded so far this month. 50 per gram, down Dh3.50 from Dh526 on Tuesday. The 22-karat rate fell to Dh483.75 from Dh487, a…
Dubai's gold prices experienced a decline on Wednesday, continuing their downward trend since the beginning of the week and reaching some of the lowest levels seen this month. The 24-karat gold price fell to Dh522.50 per gram, down Dh3.50 from Dh526 on Tuesday. The 22-karat gold price decreased to Dh483.75, a decline of Dh3.25 per gram.
This marks a Dh8.25 drop for 24K gold and Dh7.75 for 22K gold from Monday's rates. Despite a sharp rise in August, gold prices have now retreated from August's peak of Dh533.25 on August 12. Global gold prices have since recovered after a temporary dip in US bonds, but local prices remain below the August 12 level by Dh10.75 for 24K and Dh35.25 for 22K.
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