The price of different types of gold in the UAE dipped on Thursday, March 7.
On March 6, the prices of 24K, 22K, 21K, and 18K gold in the UAE went up slightly by around 0.25 per gram from its Tuesday rates.
Today, gold prices returned to its previous rates giving buyers an opportunity to score gold at a cheaper cost, according to Dubai Gold and Jewellery Group and Malabar Gold and Diamonds.
The current prices of 24K, 22K, 21K, and 18K gold are at Dh155.75, Dh146.25, Dh139.50, and Dh119.50, respectively.
The decrease in the prices of gold came after it dropped to its biggest weekly decline since November 2018 last week.
The prices vary depending on the purity of gold and the market it is traded in.
Filipinos in the UAE can take advantage of this drop in the prices of gold for investment purposes.
