UAE gold rate comes closer to 2023’s lowest of Dh203 a gram.
Introduction
In the United Arab Emirates (UAE), the price of gold has been on a rollercoaster ride, approaching the year’s lowest rate of Dh203 per gram, which was observed back in late February.
International bullion prices have also experienced a recent drop to $1,820 per ounce, resulting in a substantial decrease of over $110 per ounce since September 13. Notably, gold prices dipped below the $1,900 mark just last week.
Gold Rates in the UAE
- Current Rate: 205.75 AED per Gram for 22K
- Close to the Lowest Rate of the Year
International Bullion Prices
- Recent Drop to $1,820 per Ounce
- $110 Decrease Since September 13
Early Festival Buying
With these price fluctuations, consumers in the UAE are seizing the opportunity to purchase gold at more affordable rates. Retailers are observing a noteworthy trend – an early start to “festival” buying for gold this year.
Conclusion
In conclusion, the fluctuating gold prices in the UAE have led to increased interest from shoppers who are taking advantage of the lower rates. The early onset of festival-related gold purchases indicates that consumers are keen on making the most of these market conditions for upcoming celebrations and special occasions.
