Gold rate in Dubai

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 25,June, 2024

Date22Ct / 1g24Ct / 1g21Ct / 1g18Ct / 1g
25-06-2024, AMAED 263.25AED 284.25AED 254.75AED 218.50
24-06-2024, AMAED 260.75AED 281.50AED 252.25AED 216.25
23-06-2024, AMAED 260.25AED 281.00AED 251.75AED 216.00
22-06-2024, AMAED 260.25AED 281.00AED 251.75AED 216.00
21-06-2024, AMAED 265.00AED 286.25AED 256.50AED 220.00
20-06-2024, AMAED 261.50AED 282.50AED 253.25AED 217.00
19-06-2024, AMAED 261.00AED 282.00AED 252.75AED 216.75
18-06-2024, AMAED 260.50AED 281.25AED 252.00AED 216.00
17-06-2024, AMAED 260.50AED 281.25AED 252.25AED 216.25
16-06-2024, AMAED 261.75AED 282.50AED 253.25AED 217.00
15-06-2024, AMAED 261.75AED 282.50AED 253.25AED 217.00
14-06-2024, AMAED 259.75AED 280.75AED 251.50AED 215.50
13-06-2024, AMAED 259.25AED 280.00AED 251.00AED 215.25
12-06-2024, AMAED 259.25AED 280.00AED 251.00AED 215.25
11-06-2024, AMAED 258.25AED 279.00AED 250.00AED 214.25
10-06-2024, AMAED 257.25AED 277.75AED 249.00AED 213.50
09-06-2024, AMAED 257.25AED 277.75AED 249.00AED 213.25
08-06-2024, AMAED 257.25AED 277.75AED 249.00AED 213.25
07-06-2024, AMAED 267.50AED 288.75AED 259.00AED 222.00
06-06-2024, AMAED 265.50AED 286.75AED 257.00AED 220.25
05-06-2024, AMAED 262.75AED 283.75AED 254.25AED 218.00
04-06-2024, AMAED 260.75AED 281.50AED 252.50AED 216.25
03-06-2024, AMAED 260.75AED 281.50AED 252.50AED 216.25
02-06-2024, AMAED 261.00AED 281.75AED 252.50AED 216.50
01-06-2024, AMAED 261.00AED 281.75AED 252.50AED 216.50
31-05-2024, AMAED 262.75AED 283.75AED 254.25AED 218.00
30-05-2024, AMAED 263.25AED 284.50AED 255.00AED 218.50
29-05-2024, AMAED 263.00AED 284.25AED 254.75AED 218.25
28-05-2024, AMAED 262.75AED 283.75AED 254.25AED 218.00
27-05-2024, AMAED 263.00AED 284.00AED 254.50AED 218.00
26-05-2024, AMAED 261.75AED 282.50AED 253.25AED 217.00

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.