Gold Price Update: Slight Dip Compared to Last Thursday
UAE: Looking to buy or sell gold today? Staying informed about current gold price is crucial for making informed decisions. This article provides a clear comparison of UAE gold prices between last Thursday, October 26th, and today, October 31st.
Gold Rate Comparison Table (per 10 grams):
| Carat | Last Thursday (May 23rd) | Today (May 30th) | Change |
|---|---|---|---|
| 24K | AED 2,947 | AED 2,819 | – AED 128 |
| 22K | AED 2,762 | AED 2,643 | – AED 119 |
| 21K | AED 2,685 | AED 2,567 | – AED 118 |
| 18K | AED 2,258 | AED 2,124 | – AED 134pen_spark |
Gold prices are influenced by various global factors, including:
- Global economic conditions: Economic uncertainty often leads to increased gold demand as an investment hedge.
- Interest rates: Lower interest rates make gold a more attractive investment compared to interest-bearing assets.
- Supply and demand: Fluctuations in gold supply and demand from major producers and consumers can affect prices.
- Currency exchange rates: Changes in the US dollar exchange rate can impact the price of the gold denominated in other currencies like the UAE Dirham.
Also Read: Gold Prices in the UAE Shows Slightly Prices Shift as Compared to last week
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