Weekly Update: Gold and Petrol Prices in the UAE
Weekly Update: Gold and Petrol Prices in the UAE
This week, the United Arab Emirates (UAE) has seen notable changes in both gold and petrol prices compared to the previous week. Understanding these fluctuations is essential for consumers and investors alike.
Current Gold Prices
As of September 11, 2024, the price of 24-carat gold in the UAE stands at AED 7,282 per gram. This rate has remained stable over the past week, with no significant fluctuations observed. For comparison, the prices for 22-carat and 18-carat gold are AED 6,670 and AED 5,462 per gram, respectively.
In contrast, last week, on September 4, 2024, the prices were identical, indicating a steady market for gold in the UAE. The stability in gold prices can be attributed to various economic factors, including global demand and supply dynamics.
Petrol Prices Overview
In terms of fuel, the UAE has also announced updated petrol prices for September 2024. The current prices are as follows:
- Super 98 petrol: AED 2.90 per litre (down from AED 3.05 in August)
- Special 95 petrol: AED 2.78 per litre (down from AED 2.93)
- E-Plus 91 petrol: AED 2.71 per litre (down from AED 2.86)
- Diesel: AED 2.78 per litre (down from AED 2.95)
This week’s petrol prices reflect a decrease from the previous month, providing some relief to consumers. The adjustments are influenced by global oil price trends and local economic policies.
Price Comparison: This Week vs. Last Week
| Commodity | Current Price (Sept 11, 2024) | Previous Price (Sept 4, 2024) | Change |
|---|---|---|---|
| 24K Gold | AED 7,282 per gram | AED 7,282 per gram | No Change |
| Super 98 Petrol | AED 2.90 per litre | AED 3.05 per litre | Decrease of AED 0.15 |
| Special 95 Petrol | AED 2.78 per litre | AED 2.93 per litre | Decrease of AED 0.15 |
| E-Plus 91 Petrol | AED 2.71 per litre | AED 2.86 per litre | Decrease of AED 0.15 |
| Diesel | AED 2.78 per litre | AED 2.95 per litre | Decrease of AED 0.17 |
Conclusion
The stability in gold prices alongside the decrease in petrol prices reflects the current economic conditions in the UAE. Consumers can benefit from lower fuel costs, while gold remains a stable investment choice. As the market continues to evolve, staying informed about these changes is crucial for making sound financial decisions.
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