Dubai gold prices edge lower while global inflation and oil risks sway markets
Dubai: Gold prices in Dubai eased on Thursday morning, giving shoppers a small breather after several sessions of elevated prices earlier this month.
The 24-karat rate stood at Dh619.75 per gram at around 9.30 am on Thursday, down from Dh623.75 recorded a day earlier. The 22-karat price dropped to Dh574, down from Dh577.50 on Wednesday.
The decline reflects broader global moves in bullion markets after recent US economic data shifted expectations for interest rates and strengthened the dollar.
Recent price swings
Gold prices in Dubai have moved sharply through February and early March, showing how quickly global events are feeding into local jewellery rates.
Recent price swings
Gold prices in Dubai have moved sharply through February and early March, showing how quickly global events are feeding into local jewellery rates.
Source: www.gulfnews.com