Dubai gold prices jump again, 24K back at late-May levels
Dubai: Gold prices climbed again in Dubai on Friday, extending a strong run that has pushed local rates back to levels last seen towards the end of May. At 8.45am, 24-karat gold stood at Dh547.50, up Dh3.50 from Dh544 on Thursday, while 22-karat gold rose Dh3.25 to Dh507 from Dh503.75. The increase leaves jewellery buyers facing…
Dubai gold prices surged once more on Friday, reaching levels not seen since late May. At 8:45 am, 24-karat gold was trading at Dh547.50, a Dh3.50 increase from Thursday's Dh544. Meanwhile, 22-karat gold climbed Dh3.25 to Dh507 from Dh503.75. These hikes leave jewelry buyers facing notably higher rates compared to the start of the month.
The 24K rate has risen 12.8% to Dh62 since August 3, while 22K has gained Dh57.50 over the same period. The recent price jump brings 24K gold back to Dh547.50, the level observed on May 30 and May 31, with only Dh2.50 shy of the peak on May 29. The metal has been climbing steadily this week, jumping Dh21.50 in just three days.
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