Gold has a thriving market in Dubai. People from all over the world come to buy gold in Dubai which constantly affects the demand and supply cycle of the yellow metal, resulting in persistent changes in the cost of gold in the city. The consistent fluctuation of international currency, inflation and interest rates are also some of the factors that impact the gold price per gram in Dubai. Here’s the latest update on the gold price in Dubai.
CURRENT GOLD PRICES IN DUBAI
Let’s look at the gold price in Dubai today:
GOLD UNIT | GOLD PRICES |
|---|---|
GOLD UNIT 1 Gold Gram Carat 24 | GOLD PRICES AED 233.75 |
GOLD UNIT 1 Gold Gram Carat 22 | GOLD PRICES AED 210.25 |
GOLD UNIT 1 Gold Gram Carat 21 | GOLD PRICES AED 200.75 |
GOLD UNIT 1 Gold Gram Carat 18 | GOLD PRICES AED 172.0 |
GOLD UNIT 1 Ounce Gold | GOLD PRICES AED 6779.05 |
GOLD UNIT 1 Kilogram Gold | GOLD PRICES AED 217,975.92 |
GOLD UNIT 1 Tola Gold | GOLD PRICES AED 2542.43 |
The rate of gold is measured in different units such as gram, ounce and tola, as mentioned in the gold prices in Dubai chart. Take a look at this chart to know the price for one gram of 22-carat gold in Dubai. If you are after something for long-term investment and want the highest quality, the table also includes the price of 24-carat gold in Dubai.
Dubai’s gold has a great demand worldwide for a number of reasons. While purity, affordability are two of the main reasons, here are some of the more factors that explain why Dubai’s gold is so popular among expats globally.
The city consists of all the leading gold brands as well as the local stores. Ensuring authenticity and quality, gold shops in Dubai range from Joyalukkas to Malabar Gold Diamonds. To cater to the more eclectic tastes of the buyers, two markets in Dubai are solely dedicated to gold purchase in the city.
While Deira’s Gold Souk represents the emirate’s past, the Dubai Gold & Diamonds Park caters to the evolving preferences of those purchasing gold now. Each of these markets has numerous retailers under one roof that offer all things sparkly, from shimmering rings to dazzling pendants.
Along with ornaments, Dubai’s gold is also available in bullion and bars, attracting entrepreneurs to invest in this lucrative commodity. Many gold dealers and manufacturers cater to those who intend to buy gold bullion in Dubai. Similar to other variants of gold, the gold coin price in Dubai also keeps fluctuating with the passage of time.
FAQs
WHAT IS THE PRICE OF GOLD IN DUBAI TODAY?
The price of gold in Dubai varies depending upon the amount and quality of the gold. Take a look at the table above to get an accurate idea of the price of different types of gold.
HOW TO CALCULATE GOLD PRICE IN DUBAI?
The gold price is measured against the quality and weight of the yellow metal. In addition to this, there may be additional making charges based on the type of jewellery you are purchasing.
What is the price of gold in Dubai in INR?
This will depend on the currency exchange rate on the day. You can multiply the value in AED with the corresponding conversion rate for Indian currency to get an accurate price.
That brings an end to our guide on the current gold price in Dubai. If you wish to buy gold in the neighbouring emirates, you can consider gold shops in Abu Dhabi or Sharjah gold shops to find designs created in a diverse range of carats.
What is your opinion about the gold bar price in Dubai? Let us know in the comments below.
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