The retail prices of gold in the UAE have dropped even further and have now reached a new 19-month low.
Earlier reports stated that gold rates in the UAE have been continuously decreasing with their previous prices being cheaper by Dh6 per gram than last month’s peak rates.
Now, based on the latest updates of Dubai Gold & Jewellery Group, gold are on its lowest rates in the past 19 months with 24K gold currently priced at Dh143.25.
Other types of gold, such as 22K, 21K, and 18K, also made huge drops and are now valued at Dh134.75, Dh128.50, Dh110.25, respectively.
The prices vary depending on the purity of gold and the market it was traded in.
