This might just be the perfect time to buy that gold as gold rates in the UAE sank further on Wednesday, October 17.
Dubai Gold & Jewellery Group’s update shows that the prices of 24K, 22K, 21K, and 18K gold all went down from yesterday’s rate.
Yesterday, 24K, 22K, 21K, and 18K were priced at Dh149.25, Dh140, Dh133.75, and Dh114.50, respectively.
Today, 24K gold is only priced at Dh148 per gram, a slight dip from yesterday’s rate.
Other types of gold, such as 22K, 21K, and 18K, meanwhile, are priced at Dh139, Dh132.75, and Dh113.75, respectively.
It should be noted, however, that the prices vary depending on the purity of gold and the market it was traded in.