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Dubai Gold Price


Dubai gold price eases after record high - More drops ahead?

UAE gold trade looking for any sign of price softness after 'historic' we

nullRecord gold prices are not deterring some shoppers. Retailers are hoping for some stability or even a price drop next week.
Record gold prices are not deterring some shoppers. Retailers are hoping for some stability or even a price drop next week.

Dubai: The Dubai Gold Rate has seen the first cooling off in the last 24 hours, at Dh369.75 from Dh372.75 for a gram of 22K. (The 24K too has slipped under Dh400, after breaching that level for the first time yesterday.)

The price drop was not a given. At various points yesterday, gold threatened to reach for higher levels. In between, it would also drop below key levels seen in the last two days.

"At no point yesterday did anyone have a clue as to where the gold price might settle at," said a jewellery retailer. "That so far today it's showing a Dh3 a gram drop should be seen as quite a big positive. We will be hoping that shoppers think that way today..

Right time to buy gold???

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