Commodities
Dubai Gold Price Slumps to 24K Dh505.5 Amid Stronger Dollar
The gold price in Dubai dropped by Dh11 per gram on Monday morning as 24K fell to Dh505.5 per gram at market opening.
This decrease marks a loss of Dh18.25 per gram over the past week, with prices remaining under pressure due to a stronger US dollar.
The other variants, including 22K, 21K, 18K, and 14K, were trading at Dh468, Dh448.75, Dh384.75, and Dh300 per gram, respectively.
Globally, gold fell 2.01% to Dh4,191.88 per ounce, while silver dropped by 3.51% to $61.92 per ounce as of 9:10am UAE time.