Last Update: December 29, 2022, 12:59 pm IST
Check Gold Price in Dubai today.
Recovering from a marginal fall in prices on Wednesday, gold prices in Dubai registered a marginal rise on Thursday, December 29.
Recovering from a marginal fall in prices on Wednesday, gold prices in Dubai registered a marginal gain on Thursday, December 29. UAE) The Arab Emirates Dirham (AED) appreciated by 0.75 or Indian Rupee (INR) 16.90 to Dh 219.25 or Rs 4,941.51 per gram. Gold of the 22 carat variety was also trading higher by Dh 0.75 at Dh 203.0 or Rs 4,577.13 per gram in Dubai.
The price hike was similar for the 21 carat variety. The cost rose by Dh 0.75 to Dh 196.50, or Rs 4,431.10, in the morning session. The price of 18 carat gold rose by Dh 0.5 or Rs 11.27 to Dh 168.25 or Rs 3,792.52. Gold per ounce rate was trading higher by Dh 22.02 or Rs 496.56 to trade at Dh 6,642.70 or Rs 149,797.12 on Thursday. In Dubai on December 29, one kilogram of silver was sold at 2800 dirhams or Rs 63,151.28.
Recent reports have suggested that the amount spent by residents and tourists on gold jewelery in Dubai has surpassed pre-pandemic levels this year. According to Khaleej Times, Dubai’s jewelers are saying that the year 2022 is ending on a good note. Most also expect the momentum to continue in 2023. Higher spending on gold is being attributed to return of normalcy which has fueled healthy demand. The easing of the two-year ban on travel and festival celebrations brought relief to pent-up demand. It sold very positively on occasions like Dhanteras.
Buying gold in the city of gold, Dubai, is high because of the attractive prices and the safety assurance it offers to buyers. Purchase of yellow metal. Additionally, prices are based on international market rates, ensuring customers get the same price across stores across the country. Buyers also have a significant margin to reduce the prices by haggling over the making charges. Dubai remains a popular destination for gold. buyers around the world.
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