Gold Prices Drop Again in Dubai; 22-Carat Rate Falls Below 490 Dirhams
Gold prices in Dubai decreased again on Tuesday morning, continuing the downward trend of this precious metal that has intensified since last week. This drop comes after a slight improvement in gold prices on Monday, but economic pressures have pushed it back onto a downward path.
At the start of today's trading, the price of 24-carat gold reached 522.5 dirhams; a significant decrease compared to 530.75 dirhams yesterday. Other carats also experienced declines:
- 22-carat: 483.75 dirhams
- 21-carat: 464.00 dirhams
- 18-carat: 397.75 dirhams
- 14-carat: 310.25 dirhams
In the global market, selling pressure continues. The price of gold per ounce decreased by 1.4 percent to 4,343.15 dollars, and silver also fell by 3.5 percent, trading at 66.5 dollars.
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