This might be the right time to buy gold in the UAE as prices are expected to increase during the celebration of the Diwali festival.
During the celebration, the demand for gold is expected to climb up as the Indian expat community in the UAE is expected to buy gold, reported Gulf News.
One of the major retailers in Dubai even said that the prices of 24-karat gold could reach its peak at Dh150 per gram.
On Monday, October 22, the price of 24K, 22K, 21K, and 18K gold in the UAE remains steady at Dh148.75, Dh139.75, Dh133.25, and Dh114.25 respectively, as per Dubai Gold and Jewellery Group.
