UAE Gold Prices Fall by Up to AED9.75 per Gram Over Three Weeks

Gold prices in the UAE have dropped for three consecutive weeks, with a gram of gold decreasing by between AED6 and AED9.75 across different purities.

This decline brings the total drop to AED30.75 per gram since the beginning of this trend, prompting increased demand for gold bullion from consumers.

Jay Dehkan, Director of Dehkan Gold and Jewellery Trading, stated that stronger demand has been witnessed for gold bullion as prices continue to move lower.

The recent price reductions have encouraged customers to buy bullion for saving and investment purposes, making current levels attractive for investment according to Mang Balerk, Sales Manager at Reg Gold and Jewellery Trading.