Last Update: January 02, 2023, 15:47 IST
Check Gold Price in Dubai today. (credit: shutterstock)
Buyers in India today have to pay Rs 5,504 for one gram of 24 carat gold in their country. Here’s How Much You’ll Have to Pay in Dubai
Gold prices in Dubai remained unchanged from Sunday’s level on January 2. However, the change in exchange rates between the Arab Emirates Dirham (AED) and the Indian Rupee (INR) has resulted in a marginal change in the price of gold varieties for Indians. buyer. Dh 1 was worth Rs 22.48 on 2 January. A gram of 24-carat gold was priced at Dh 221 or Rs 4,970.26 during the morning trading session in the United Arab Emirates (UAE) on Monday, data from Gold and Jewelery Group showed. For the same quantity, 22 carat gold held steady at Dh 204.75 or Rs 4,604.74.
There was also no change in the prices of 21 carat and 18 carat varieties. While 22-carat gold was priced at AED 198.25 or Rs 4,458.71 per gram in Dubai, 18-carat gold was priced at AED 169.75 or Rs 3,817.24 per gram. The rate of one ounce of gold was 6,701.42 dirhams or Rs 1,50,684.31. In Dubai on January 2, one kilogram of silver was sold at Dir 2830 or Rs 63,623.08.
Dubai, known as the “City of Gold”, is a favorite place to buy gold among people around the world. The primary reason this Middle Eastern city attracts a large number of buyers every year is the low prices of the precious metal, courtesy the UAE government not levying any tax on the purchase of gold in the country and the subsequent international free market prices of bullion. at the stores.
buyer from India Today, he has to shell out Rs 5,504 for one gram of 24 carat gold in his country, while buying the same quality and quantity of gold from a shop in Dubai would cost him Rs 4,970.26. Buyers can further reduce the total amount to be paid for gold jewelry by bargaining over the making charges levied by the store.
Apart from low prices, other pulling factors in Dubai’s gold markets are safety and diversity. Being well organised, regulated and constantly monitored, the gold market in UAE provides the required assurance to the customers about the product they are buying. The wide variety of designs here is unlike any other in the world.
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