Dubai, UAE – Thursday Morning.
In an unexpected turn of events, gold prices experienced a decline in Dubai on Thursday, providing relief to both buyers of jewelry and investors in the market. As the global price of gold dipped below $3,225 per ounce, the local market reacted promptly.
The Dubai Jewellery Group announced that 24k gold closed at Dh389 per gram, a significant decrease from Dh398 the previous day—a Dh9 decline in 24 hours.
Here’s how the other gold categories fared:
22k of gold fell to dh360.25 per gram.
21k is currently priced at dh345.25 per gram.
The value of 18k decreased to Dh296.00 per gram.
The fall is associated with global market pressure and stronger economic indicators, causing gold prices to decline from their recent peaks. For Dubai’s vibrant gold market, it’s a green light for shoppers.
💬 ‘every dip is a golden opportunity,’ said a deira-based jeweller
If you’ve been eagerly anticipating the purchase of gold, this could be the ideal time—perfect for wedding season or investment planning.