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Dubai gold prices rise again, with 24K back near this month’s high

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Nivetha Dayanand·25 days ago
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Dubai: Dubai gold prices moved higher on Friday morning, putting jewellery buyers and investors back on watch after a volatile start to May that has already seen sizeable day-to-day swings across local rates. (Check latest UAE gold prices  here , alongside prices in  Saudi Arabia ,  Oman ,  Qatar ,  Bahrain ,  Kuwait , and  India .) At 8.37 am on Friday, 24-karat gold stood at Dh568.50 per gram, compared with Dh565 on Thursday, while 22-karat gold rose to Dh526.50 from Dh523. The latest move takes 24-karat gold close to the month’s opening level of Dh557.50 on May 1, after prices dropped to Dh546 on May 4 and then climbed again through the week. The rebound has been sharper for consumers tracking daily jewellery rates, with 24-karat gold up Dh22.50 per gram from its May 4 level, while 22-karat gold has risen Dh21 over the same period.…

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