Dubai gold prices fall Dh2.75 as US rate fears weigh on bullion
Dubai: Dubai gold prices fell on Tuesday, giving shoppers a modest price break as international bullion came under pressure from renewed US interest-rate concerns. 24K gold dropped to Dh533.50 per gram from yesterday’s close of Dh536.25, while 22K gold fell to Dh494 from Dh496.50. That means both popular grades are Dh2.75 per gram cheaper than Monday’s closing rates. The move comes as…
Dubai gold prices slipped on Tuesday, giving buyers a slight discount as international bullion faced pressure from fresh concerns about US interest rates. Twenty-four karat gold decreased to Dh533.50 per gram from yesterday's closing of Dh536.25, while twenty-two karat gold dropped to Dh494 from Dh496.50. This represents a Dh2.75 reduction per gram compared to Monday's closing rates.
The decrease comes as global gold prices remain relatively low, with traders considering rising Middle East tensions alongside the possibility of higher US interest rates.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
