UAE Precious Metals See Further Price Declines

Gold and silver prices in the UAE continued their downward trend, following losses earlier in the week. The price of 24-carat gold dropped to AED 496.75 per gram, marking a decrease of AED 1.25 from the previous day. Meanwhile, 22-carat gold fell by AED 1 to AED 460 per gram. Other gold varieties also saw declines, with 21-carat gold priced at AED 441 per gram and 18-carat gold at AED 378 per gram.

Silver prices also experienced a slight decline, with a gram of silver now priced at AED 7.14. The price of an ounce of silver stood at AED 222.22, while a kilogram was valued at AED 7,144.53. These declines come after a week of volatile trading for precious metals.