Last Update: January 06, 2023, 14:21 IST
Check Gold Price in Dubai today.
Responding to global cues, gold prices in Dubai rose during the morning trading session on Friday, January 6.
Responding to global cues, gold prices in Dubai rose during the morning trading session on Friday, January 6. The price of all except 18-karat gold increased by up to Arab Emirates Dirham (AED) 0.5. As per the exchange rate today at 12.24 PM, this Indian Rupee (INR) is 11.25. According to the data provided by the Gold and Jewelery Group, the price of one gram of 24 carat gold in Dubai was 222.75 dirhams or Rs 5,013.21. The price of 22 carat gold for the same quantity was Dh 206.25 or Rs 4,641.86.
The 21 carat variety was priced at Dh 199.50 or Rs 4,489.81 per gram in the morning trading session on Friday. On the other hand, 18-carat gold rose by Dh 0.75, or Rs 16.87, to Dh 171, or Rs 3,848.38 per gram. Gold per ounce in the United Arab Emirates rose by AED 14.68 or Rs 330.37. It costs buyers Dh 6,749.13 or Rs 151,893.75. On January 6, one kg of silver was sold at Rs 2,757.29 or Rs 62,054.68.
Dubai’s Gold Souk or the open gold market attracts buyers from all over the world throughout the year. The tax-free purchase of the precious yellow metal and the assurance of product quality attract customers to come to the UAE and buy gold from here for a more profitable deal than in their home country.
Prices in the “City of Gold” are low not only because the UAE government makes these purchases tax-free, but also because the market follows international pricing and allows for a large margin of negotiation on making charges. Is. For Indian buyers, while one gram of 24-karat gold will cost Rs 5,553 in their country, it will cost buyers in Dubai a much lower Rs 5,013.21. Highly monitored, well organized and well regulated market where inspection by government authorities to ensure good product quality is a cherry on top of the cake. Many buyers are trying to avoid getting tricked into buying low quality gold.
However, it is important to remember that while buying gold in Dubai is tax-free, bringing it India what is not The Government of India levies a heavy duty on gold imported above a certain limit. Before investing money in dollar-denominated bullion in Dubai it is important to read all the rules regarding it.
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