December 8. The price of 24-carat gold is Dh 505.75 per gram, the same as the previous day.
Similarly, 22-carat gold is at Dh468.25 per gram, also unchanged. This means the gold market has been quiet with no big changes in prices.
Even though international gold futures slightly dropped to $4239.6 per ounce, which is a small decrease of 0.08 per cent or 3.4 points, local prices in Dubai remained stable.In Saudi Arabia, gold prices also stayed the same overnight.
The price of 24-carat gold is Dh518 per gram, exactly where it was the night before. The price of 22-carat gold is also steady at Dh476 per gram.This stability helps UAE customers make decisions when buying gold, as they often compare prices between regions.Retailers say when prices donât change much, customers feel more confident to buy without worrying about prices jumping up suddenly.Gold futures started at $4228.1, moving between $4224.5 and $4241.8.
This is because trading volumes were low, with only 21,573 contracts traded, much less than the usual average of 166,680.
Dubai's gold market, known as the retail gold souk, is calm as investors watch for signals from US economic news and global political tensions.
So far this year, gold has gone up from a low of $2596.7, showing how people see it as a safe investment during uncertain times.
#USDTđ„đ„đ„ #usd #CriyptoEarning #dnabdlive #GoldMarket