Earlier this week, gold prices of 24K and 22K golds in the UAE retained its rates, while 21K and 18K slightly increased. The different types of gold were previously priced at Dh148.25, Dh139.25, Dh133.00, and Dh114.00, respectively.
According to Dubai Gold & Jewellery Group, the retail gold rates in the country dipped once again yesterday, July 29, returning to its lowest rates in the past year.
Today, based on the latest update, gold prices retained its low prices since yesterday.
24K gold is still currently priced at Dh148.25, while 22K gold is remains at Dh139.25. Other types of gold, such as the 21K and 18K, are priced at Dh132.75 and Dh113.75, 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.’
