Dubai, renowned for its opulence and luxury, has long been a hub for gold enthusiasts and traders. The gold rate in Dubai holds great significance as it reflects the economic trends and consumer sentiments. This article delves into the world of gold rates in Dubai, exploring the current scenario, historical trends, influencing factors, and more. Whether you’re a potential investor or simply curious about gold prices, this guide aims to provide a comprehensive overview.
Dubai Gold Rate 5,December, 2024
| Date | 22Ct / 1g | 24Ct / 1g | 21Ct / 1g | 18Ct / 1g |
|---|---|---|---|---|
| 04-12-2024, AM | AED 296.25 | AED 319.75 | AED 286.75 | AED 245.75 |
| 03-12-2024, AM | AED 295.75 | AED 319.50 | AED 286.50 | AED 245.50 |
| 02-12-2024, AM | AED 294.50 | AED 318.25 | AED 285.25 | AED 244.50 |
| 01-12-2024, AM | AED 297.75 | AED 321.50 | AED 288.25 | AED 247.00 |
| 30-11-2024, AM | AED 297.75 | AED 321.50 | AED 288.25 | AED 247.00 |
| 29-11-2024, AM | AED 298.25 | AED 322.00 | AED 288.75 | AED 247.50 |
| 28-11-2024, AM | AED 296.75 | AED 320.50 | AED 287.25 | AED 246.25 |
| 27-11-2024, AM | AED 297.00 | AED 320.75 | AED 287.50 | AED 246.50 |
| 26-11-2024, AM | AED 294.00 | AED 317.50 | AED 284.75 | AED 244.00 |
| 25-11-2024, AM | AED 299.75 | AED 323.50 | AED 290.00 | AED 248.50 |
| 24-11-2024, AM | AED 305.00 | AED 329.25 | AED 295.25 | AED 253.00 |
| 23-11-2024, AM | AED 305.00 | AED 329.25 | AED 295.25 | AED 253.00 |
| 22-11-2024, AM | AED 301.50 | AED 325.50 | AED 291.75 | AED 250.00 |
| 21-11-2024, AM | AED 297.75 | AED 321.75 | AED 288.25 | AED 247.25 |
| 20-11-2024, AM | AED 295.50 | AED 319.25 | AED 286.25 | AED 245.25 |
| 19-11-2024, AM | AED 294.00 | AED 317.50 | AED 284.75 | AED 244.00 |
| 18-11-2024, AM | AED 290.50 | AED 313.75 | AED 281.25 | AED 241.00 |
| 17-11-2024, AM | AED 287.75 | AED 310.75 | AED 278.50 | AED 238.75 |
| 16-11-2024, AM | AED 287.75 | AED 310.75 | AED 278.50 | AED 238.75 |
| 15-11-2024, AM | AED 287.75 | AED 310.75 | AED 278.50 | AED 238.75 |
| 14-11-2024, AM | AED 286.00 | AED 309.00 | AED 277.00 | AED 237.25 |
| 13-11-2024, AM | AED 292.25 | AED 315.50 | AED 283.00 | AED 242.50 |
| 12-11-2024, AM | AED 293.50 | AED 317.00 | AED 284.00 | AED 243.50 |
| 11-11-2024, AM | AED 298.75 | AED 322.75 | AED 289.25 | AED 248.00 |
| 10-11-2024, AM | AED 301.25 | AED 325.25 | AED 291.50 | AED 250.00 |
| 09-11-2024, AM | AED 301.25 | AED 325.25 | AED 291.50 | AED 250.00 |
| 08-11-2024, AM | AED 302.00 | AED 326.25 | AED 292.25 | AED 250.50 |
| 07-11-2024, AM | AED 298.75 | AED 322.75 | AED 289.25 | AED 248.00 |
| 06-11-2024, AM | AED 305.25 | AED 329.75 | AED 295.50 | AED 253.25 |
| 05-11-2024, AM | AED 306.50 | AED 331.00 | AED 296.75 | AED 254.50 |
| 04-11-2024, AM | AED 307.25 | AED 331.75 | AED 297.50 | AED 255.00 |
Gold Rate in Dubai: Unveiling the Current Scenario
Dubai’s gold market is dynamic, with prices subject to fluctuations influenced by both global and local factors. As of the latest data, the gold rate in Dubai stands at [current price] per gram. This rate is influenced by various factors, ranging from international economic trends to local demand.
Factors Influencing Gold Rates
Several factors play a pivotal role in determining the gold rate in Dubai:
Global Economic Trends and Geopolitical Events
The global economic landscape and geopolitical events significantly impact gold prices. During economic uncertainty or geopolitical tension, investors often turn to gold as a safe-haven asset, driving up its demand and, subsequently, its price.
Demand and Supply Dynamics
The fundamental principle of supply and demand also holds for the gold market. Fluctuations in consumer demand and the availability of gold reserves can lead to price variations.
Currency Exchange Rates
Gold is traded internationally in US dollars. Therefore, fluctuations in currency exchange rates between the US dollar and the local currency (AED) can impact the gold rate in Dubai.
Interest Rates and Inflation
Inverse relationships often exist between interest rates, inflation, and gold prices. When interest rates are low, and inflation is high, the attractiveness of gold as an investment increases, boosting its demand and driving up prices.
Jewelry and Industrial Demand
Dubai is renowned for its gold jewelry market. Variations in jewelry demand, particularly during festive and wedding seasons, can influence prices. Additionally, using gold in various industries contributes to its direction and, consequently, its price.