UAE Gold Prices Hold Steady Following 1% Global Weekly Gain
Gold prices held steady during today's trading in the UAE, according to "gold-price-today.com," a portal tracking precious metal rates across Arab nations.
The stability in the UAE markets comes as global gold prices closed higher, recording a 1% weekly gain at the end of yesterday's session.
Below is a breakdown of gold prices in the UAE according to the latest updates:
24-Karat Gold Price The price of 24-karat gold recorded AED 527.50 per gram.
21-Karat Gold Price The price of 21-karat gold reached AED 468.50 per gram.
18-Karat Gold Price The price of 18-karat gold stood at AED 401.50 per gram.
Gold Ounce Price The price of a gold ounce in the local market reached AED 16,407.00.
Global Gold Prices Global gold prices closed higher at the end of yesterday's trading, climbing to a one-week high and heading toward their first weekly gain in four weeks, as declining oil prices eased concerns over long-term inflationary pressures, according to Reuters.
At the close, spot gold rose 1.2% to $4,390.11 per ounce, having touched its highest level since September 11 earlier in the session.
US gold futures advanced 0.6% to settle at $4,424.90 per ounce, bringing the precious metal's weekly gain to 1%.














