Abu Dhabi: Gold prices in the United Arab Emirates (UAE) on Wednesday, December 27, rose one dirham (Rs 22) per gram to hit more than 250 dirham (Rs 5,672) per gram.
The Dubai Jewellery Group data showed 24-carat gold rate trading at 250.50 dirham (Rs 5,684.40) per gram at the afternoon of the markets on Wednesday as compared to its Tuesday night, December 26, closing at 249.25 dirham (Rs 5,656.03) per gram.
22, 21, and 18-carat gold were priced at 232 dirham (Rs 5,264.59) per gram, 224.75 dirham (Rs 5,100.07), 192.50 dirham (Rs 4,368.25) respectively, at 1:30 pm UAE time.
Globally, gold prices stabilized on Wednesday due to weak trading volume and US Central’s anticipated interest rate reduction in Q1 2024, and the overall weakness of the dollar.
Gold spot transactions price stabilized at 2,066.86 dollar (Rs 1,72,248.08) per ounce by 7:20 am IST, while US gold futures rose 0.4 percent to 2,078.20 dollar (Rs 1,73,201.24) per ounce, Reuters reported.
