Gold Prices Dip in UAE Amid Central Banks' Record-Buying Spree
Gold prices in the United Arab Emirates (UAE) took a dip on Friday, according to data compiled by FXStreet. The price for Gold per gram stood at AED 475.75, down from Thursday's AED 478.15. Similarly, the price for Gold decreased to AED 5,549.10 per tola from AED 5,577.09 a day earlier.
The prices were calculated by adapting international prices (USD/AED) to the local currency and measurement units. FXStreet updates these prices daily based on market rates at the time of publication. It's essential to note that prices are just for reference and may diverge slightly from local rates.