A record high…an acceleration in gold prices today in the Emirates, reaching these high prices for the price of one gram

Did you know that gold is one of the most famous and best-selling metals around the world? When buying gold, you must be careful to know if it is original or not by purchasing gold from trusted places in the Emirates, as gold has risen all over the world and has also risen in the Emirates. Arabic, in this article we will mention everything about gold in the Emirates and what are the gold prices there today.

Today’s gold price in the UAE, September 20, 2023

Gold prices increased significantly, as the Stock Exchange issued new prices for gold prices today, which are as follows:

• The price of 24 karat gold reached 240.75 UAE dirhams.

• The price of a gram of 22 carat gold was 220.69 UAE dirhams.

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• The price of a gram of gold 21 reached 210.66 UAE dirhams.

• Moreover, the price of 18 carat gold at this price became 180.57 UAE dirhams.

• The price of 14 karat gold is 140.44 UAE dirhams.

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• The selling price of an ounce of gold reached 7,488.27 UAE dirhams.

• The purchase price of an ounce of gold is 7,491.94 UAE dirhams.

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Gold bullion prices in the UAE today

We will mention the prices of bullion according to their size. It is also important to know that bullion is the best type of gold for investment, and the prices of gold bullion are as follows:

• A gold bar weighing 1 gram is equal to 264.83 UAE dirhams.

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• Today, a gold bar of 2.5 grams is worth 631.98 UAE dirhams.

• As for a 5-gram gold bar, it is worth 1,251.92 UAE dirhams.

• In addition to an 8-gram gold bar, 21 karat is worth 2,022.33 UAE dirhams, 22 karat is worth 2,118.64 UAE dirhams, and 24 karat is worth 2,311.24 UAE dirhams.

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• The price of a 10-gram gold bar is 2,474.95 UAE dirhams.

• A 20-gram gold bar costs 4,916.20 UAE dirhams.

• The price of a half-ounce gold bar is 3,830.25 UAE dirhams.

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  A record high…an acceleration in gold prices today in the Emirates, reaching these high prices for the price of one gram

• An ounce of gold bullion is 7,312.84 UAE dirhams.

• A half ounce gold bar is AED 3,830.25.

• One ounce of gold bullion is equal to 7,623.06 UAE dirhams.

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Factors affecting gold prices in the UAE

There are many factors that affect the price of gold in the UAE, which are as follows:

• Global movement: The global movement in gold prices affects the price in the United Arab Emirates, and given that the United Arab Emirates is one of the largest suppliers of gold in the world, any change in gold prices in the world greatly affects the United Arab Emirates.

• Jewelry market: With the increase in demand for gold jewelry during the holiday and wedding season, the demand for gold increases, and due to the large demand, the price of gold rises, because demand is inversely proportional to supply, and when demand increases, supply decreases.

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• Change in interest rates: Interest rates for financial products are linked and remain with the demand for the shiny yellow metal. Gold prices in the United Arab Emirates are currently closely linked to interest rates, and it is likely that when the interest rate rises, people will tend to sell gold, which leads to a decline in the price of gold. In the United Arab Emirates.

Read also: Flying above the clouds…the latest update on gold prices in the Emirates today

Is gold cheaper in Dubai?

One of the cheapest gold in the world.

What is the best type of gold in the world?

24 karat gold.

Is Dubai gold fine?

Yes, gold in Dubai is pure and distinctive.

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