After continuously hitting new 6-month lows in the past few weeks, prices of gold in the UAE minimally increased today, June 04.
Yesterday, gold prices were at its lowest rate so far this year when 24-Karat (24K), 22K, 21K, and 18K gold were priced at Dh151.25, Dh142.00, Dh135.50 and Dh116.25, respectively.
Now, even though the rates are still low, the retail gold rates in the country slightly increased based on the latest update of Gold Prices Dubai. 24-Karat (24K) gold is currently priced around Dh151.75, while 22K gold is valued at Dh142.50.
Other types of gold, such as the 21K and 18K, are priced at Dh136.00 and Dh116.75, respectively.
The prices vary depending on the purity of gold and the market it was traded in.
The Department of Economic Development (DED) displays in public the live retail gold rate at the Gold Souk in order to ensure transparency and maintain the title of Dubai as the ‘City of Gold.’
