Commodities
Dubai Gold Prices Plummet by Dh3.75 Per Gram
Dubai gold prices fell on Friday, bringing an end to a volatile month that saw rates fluctuate by over Dh21 for 24-karat gold.
The price of 24K gold dropped to Dh491.75 per gram from Dh495.50 on Thursday, marking a decline of Dh3.75.
This leaves buyers paying Dh11.25 less per gram for 24K gold than at the month's highest level of Dh503, recorded on July 4 and July 5.
The drop in prices comes as international bullion traded near $4,080 an ounce and was heading for a July gain of almost 2%.