A significant decrease in gold prices in the Emirates today, and this is the price list for 21, 22, and 24 karat gold

It is expected that gold prices in the United Arab Emirates will witness a significant decline due to the decisions expected to be issued by the US Federal Bank, to stabilize interest rates in banks for a long period, such as the stabilization decision last November, so prices will be low during this period, so you can buy and exploit this situation. For investment, but you must know that these prices are in addition to the workmanship and stamp, which differ from one store to another.

Gold prices in the UAE today

Gold is considered one of the commodities that does not have a fixed price in the morning and evening, as the change continues greatly, and it is known that 24 karat is the most expensive of all due to the increase in the percentage of gold in it by 99%. These are the prices of gold today in the Emirates:

• The price of a gram of 24 carat gold today reached 212.15 UAE dirhams.

• As for the price of a gram of 22 carat gold, its price reached 194.47 UAE dirhams.

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• The price of a gram of 21 carat gold was about 185.63 UAE dirhams.

• The price of a gram of 18 carat gold reached about 159.11 UAE dirhams.

• As for the price of a gram of 14 karat gold, it reaches 123.76 UAE dirhams.

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Declining gold prices

• Workmanship and stamp prices vary from one company to another in the United Arab Emirates, and this matter varies from one caliber to another, and workmanship also differs between the products of one company.

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• Global gold holdings also decreased in 2023 by a significant amount of 7%, amounting to $14 billion, with all European funds contributing the largest amount so far.

• Cash outflows from all gold-backed mutual funds, which contracted in November, also decreased, with the return of investments for gold funds in North America increasing.

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US Federal Reserve decisions

• The US Federal Reserve made a decision last November to stabilize interest rates, and it is expected that the last meeting this year will be on December 2 or 13, 2023.

• It is expected that interest rates in banks will be fixed, which will cause gold prices to decline clearly in all countries of the world, in order to control inflation clearly and significantly.

• Interest rates were fixed at 5.25 and 5.50%, which is the highest level in about two decades. Interest rates were raised almost 4 times during this year, and the last time was 25.0% last July, but this month’s decisions are expected from the government. All experts, but everyone is also waiting to find out what gold will eventually become.

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How many grams in a tola of gold?

The tola is the unit of mass measurement, and one tola is equal to 11.66 grams, and one kilo is equal to 85.75 tolas.

Will gold increase in the coming period?

It is expected that the price of gold will reach 1,900 US dollars by the end of 2023 and then reach 2,000 US dollars by 2024. It is also expected that gold will rise to 2,100 by the end of 2024.

How many grams is the smallest gold alloy?

The smallest pure gold alloy weighs one gram, and it is the cheapest of all, 24 karat. You can buy it from the Emirates easily with the addition of the workmanship and stamp.

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