Last Update: January 09, 2023, 13:30 IST
Check Gold Price in Dubai today.
Today, on January 9, the price of one gram of 21K gold is AED 203.75 or Rs 4,539.55.
Gold prices in Dubai registered a positive movement in the morning trading session on Monday, January 9. The prices rose to AED 227.25, or Rs 5,063.13, compared to AED 226.00 at the previously recorded level. Gold prices in Dubai have been showing volatility since the beginning of 2023. On January 1, the price of one gram of 24 karat gold was 221.00 AED or Rs. 4,956.30 which saw a gain of 2 AED on 3 January. The price of the precious yellow metal fell by less than 1 AED to 222.25 AED or Rs 4,951.73 on January 5.
As per the latest exchange rates, 1 AED is equal to Rs 22.28
Today, on January 9, the price of one gram of 21K gold is AED 203.75 or Rs 4,539.55. On the other hand, for one gram of 18 carat, the gold price in Dubai touched AED 174.75 or Rs 3893.43, an increase of AED 1 billion from the level recorded earlier. A gram of 22 carat also increased by AED 1. In the morning trading session, gold was trading at AED 210.50 or Rs 4689.94.
In Dubai, the price of silver also showed a similar market trend with a marginal increase of 1 AED. On January 9, the price of silver was at 88.07 dirhams or Rs 1,969.08 per ounce.
Dubai is the most preferred destination for people around the world to buy gold. The low prices of the precious metal in the “City of Gold” is the main reason for attracting customers here every year. The price of gold in Dubai is much lower than anywhere else in the world due to the UAE government’s policy of not taxing gold purchases made in the country. Additionally, businesses here follow international free market pricing of bullion, giving UAE gold shops fair prices to consumers. Customers can further reduce the overall cost of their purchase of gold jewelery by bargaining. The manufacturing fee they charge with retailers.
While rates are lower in Dubai, Indian citizens should note that there are several restrictions on the amount of gold you can bring into India. For quantities in excess of the stipulated quantity, buyers would have to pay customs duty which would effectively bring down the golf prices at par with or even higher than the rates in India.
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