UAE gold prices jump again, 24K gains Dh10 in three days
Dubai: Gold prices in the UAE moved higher again on Thursday morning, extending a strong start to September and adding to the cost facing residents planning jewellery purchases or buying the metal for investment. (Check latest UAE gold prices here , alongside prices in Saudi Arabia , Oman , Qatar , Bahrain , Kuwait , and India .) The…
UAE gold prices have risen once more, with 24K gold increasing by Dh10 per gram within three days, according to an update on September 3, 2023. The 24-karat variety opened at Dh532 per gram on September 3, up from Dh528.25 on the previous day. Similarly, the 22-karat variety climbed to Dh492.50 from Dh489.25, marking a gain of Dh3.25.
Gold prices in the UAE have consistently increased since the beginning of the month, with the 24-karat rate rising from Dh522 on September 1 to Dh532 on September 3, resulting in a total three-day gain of Dh10 per gram. Other karat varieties, such as 21-karat and 18-karat gold, also experienced rises during the same period. This surge in gold prices comes after a recovery in international gold rates following a low of around $4,285 per ounce.
Linh Tran, Market Analyst at XS.com Gold, explained that the precious metal has gained more than $115, or nearly 2.7%, from its latest low, following a rebound above $4,400.
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