Prices of gold in the UAE dropped to its lowest rate within the past 6 months during the last week of June, and its prices continue to fall.
On June 21, gold prices dropped when 24-Karat (24K), 22K, 21K, and 18K gold were priced at Dh153.25, Dh144.00, Dh137.25 and Dh117.75, respectively.
Today July 2, gold rates dropped even further based on the latest update of Gold Prices Dubai. 24-Karat (24K) gold is currently priced around Dh151.25, while 22K gold is valued at Dh142.00.
Other types of gold, such as the 21K and 18K, are priced at Dh135.50 and Dh116.25, respectively.
The prices vary depending on the purity of gold and the market it was traded in.
The Department of Economic Development (DED) displays in public the live retail gold rate at the Gold Souk in order to ensure transparency and maintain the title of Dubai as the ‘City of Gold.’
