Dubai Gold Prices Tame Down to Dh491.75

Dubai gold prices remained relatively stable over the past month, falling by only Dh2 per gram. The current price of 24K gold in Dubai is at Dh491.75 per gram, down from Dh495.50 a day earlier.

The other variants of gold - 22K, 21K, 18K, and 14K - are trading at Dh455.50, Dh436.75, Dh374.25, and Dh292 respectively.

Globally, spot gold prices decreased by 0.51 percent to $4,080 per ounce as of 9:15 am UAE time, while silver fell 0.29 percent to $58.64 per ounce.

The World Gold Council's Q2 report noted that global gold demand remained resilient despite softer prices, with total demand unchanged year-on-year at 1,269 tonnes.