Last Update: December 27, 2022, 13:47 IST
Check Gold Price in Dubai today.
The price of 21 carat gold also went up by Dh 0.75. This type of gold was trading at Dh196 or Rs 4,417.18 in the morning session.
After remaining unchanged in gold prices in Dubai for three days, the yellow metal rose in the morning trading session on Tuesday, December 27. Data presented by the Dubai Gold and Jewelery Group showed that 24-carat gold prices in the United Arab Emirates rose by UAE Dirham (AED) 0.75 or Indian Rupee (INR) 16.89 to trade at Dh 218.75 or Rs 4,929.81 per gram. Had been. In Dubai, the gold price of 22 carat variety also increased by 0.75 dirham to reach 202.5 dirham, which is equal to Rs 4,563.25 per gram.
The price of 21 carat gold also went up by Dh 0.75. This type of gold was trading at Dh196 or Rs 4,417.18 in the morning session. Gold of 18 carat variety increased by Dh 0.5 or Rs 11.27. As a result, this type of gold sold for Dh 168 or Rs 3,780.56. On Monday, the per ounce rate of gold rose from Dh 6,606 to Dh 6,628.02 or Rs 149,390.38. On December 27, one kg of silver sold at dir 2803.68 or Rs 63,573.57.
Dubai is one of the top destinations for people to buy gold. The “City of Gold” attracts thousands of buyers from all corners of the world every year. The gold bought from here is not only comparatively cheaper, but is also considered to be of better quality.
People who want to buy gold at cheaper rates than in their home countries benefit from the UAE government’s policy of not taxing the purchase of gold. To add, the prices are based on the price of the yellow metal prevailing in the international market. This ensures that stores across Dubai and the United Arab Emirates have the same price. Customers have a huge margin for bargaining on the making charges on jewelery in stores in Dubai.
The safety and quality assurance of gold bought from Dubai is another factor that is pulling buyers towards Dubai. The gold market in the UAE is highly monitored, organized and regulated. Inspections are conducted regularly, and sellers are required by law to produce hallmark certificates if customers ask for them.
read all latest business news here