The price of different types of gold in the UAE has decreased on Tuesday, April 5, causing it to fall to its lowest rates in almost one month.
Today, the prices of gold have gotten cheaper by more than Dh5 per gram compared to the peak prices in February, which gives buyers an opportunity to score gold at a lower rate.
On March 21, 24K gold was a bit pricey at Dh159.75 per gram, but now it has slipped to Dh155.75 per gram, according to today’s rates on Dubai Gold and Jewellery Group.
The prices of other types of gold, including 22K, 21K, and 18K, have also slightly dropped and are now at Dh146.25, Dh139.75, and Dh119.75, respectively.
The further decrease in the prices of gold came after the strengthening of the US dollar.
Local reports also stated that gold rates are expected to decrease further in the coming weeks.
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.
