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 27,July, 2024
| Date | 22Ct / 1g | 24Ct / 1g | 21Ct / 1g | 18Ct / 1g |
|---|---|---|---|---|
| 26-07-2024, AM | AED 265.75 | AED 287.00 | AED 257.25 | AED 220.50 |
| 25-07-2024, AM | AED 266.50 | AED 287.75 | AED 258.00 | AED 221.00 |
| 24-07-2024, AM | AED 271.25 | AED 292.75 | AED 262.50 | AED 225.00 |
| 23-07-2024, AM | AED 269.50 | AED 291.25 | AED 261.00 | AED 223.75 |
| 22-07-2024, AM | AED 269.75 | AED 291.25 | AED 261.00 | AED 223.75 |
| 21-07-2024, AM | AED 269.50 | AED 291.25 | AED 261.00 | AED 223.75 |
| 20-07-2024, AM | AED 269.25 | AED 290.75 | AED 260.75 | AED 223.50 |
| 19-07-2024, AM | AED 271.75 | AED 293.50 | AED 263.25 | AED 225.50 |
| 18-07-2024, AM | AED 276.50 | AED 298.50 | AED 267.50 | AED 229.25 |
| 17-07-2024, AM | AED 277.00 | AED 299.25 | AED 268.25 | AED 229.75 |
| 16-07-2024, AM | AED 272.25 | AED 294.00 | AED 263.50 | AED 226.00 |
| 15-07-2024, AM | AED 270.50 | AED 292.00 | AED 261.75 | AED 224.25 |
| 14-07-2024, AM | AED 270.50 | AED 292.00 | AED 261.75 | AED 224.25 |
| 13-07-2024, AM | AED 270.50 | AED 292.00 | AED 261.75 | AED 224.25 |
| 12-07-2024, AM | AED 269.50 | AED 291.25 | AED 261.00 | AED 223.75 |
| 11-07-2024, AM | AED 267.25 | AED 288.50 | AED 258.50 | AED 221.75 |
| 10-07-2024, AM | AED 265.50 | AED 286.75 | AED 257.00 | AED 220.25 |
| 09-07-2024, AM | AED 265.00 | AED 286.00 | AED 256.50 | AED 219.75 |
| 08-07-2024, AM | AED 267.25 | AED 288.75 | AED 258.75 | AED 221.75 |
| 07-07-2024, AM | AED 268.00 | AED 289.25 | AED 259.25 | AED 222.25 |
| 06-07-2024, AM | AED 268.00 | AED 289.25 | AED 259.25 | AED 222.25 |
| 05-07-2024, AM | AED 265.25 | AED 286.50 | AED 256.75 | AED 220.00 |
| 04-07-2024, AM | AED 264.25 | AED 285.50 | AED 256.00 | AED 219.25 |
| 03-07-2024, AM | AED 262.75 | AED 283.75 | AED 254.25 | AED 218.00 |
| 02-07-2024, AM | AED 261.00 | AED 281.75 | AED 252.50 | AED 216.50 |
| 01-07-2024, AM | AED 260.50 | AED 281.25 | AED 252.25 | AED 216.25 |
| 30-06-2024, AM | AED 260.75 | AED 281.75 | AED 252.50 | AED 216.50 |
| 29-06-2024, AM | AED 260.75 | AED 281.75 | AED 252.50 | AED 216.50 |
| 28-06-2024, AM | AED 260.25 | AED 281.00 | AED 252.00 | AED 216.00 |
| 27-06-2024, AM | AED 259.50 | AED 280.25 | AED 251.00 | AED 215.25 |
| 26-06-2024, AM | AED 259.75 | AED 280.50 | AED 251.50 | AED 215.50 |
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.