Gold/Forex

Will gold shine its way to $2,500?

The yellow metal is down by $46.20 an ounce or 2.38 per cent in the past 30 days. Gold price is expected to could trade in the range of $1,700 to $2,000 an ounce by the end of the year...

UAE-Israel accord could bring new sparkle to Dubai diamond trade

Traders in Dubai say they have been inundated with enquiries from Israelis, who traditionally trade in Antwerp. The week that Israel and the United Arab Emirates normalised ties, Israeli diamond trader Zvi Shimshi headed to the United Arab Emirates to...

When should Dubai shoppers start buying gold again?

Gold at $1,900 is still way too high for shoppers, more so with a pandemic on How low should gold fall before shoppers head back to gold and jewellery stores in the UAE? Because right now, with gold still hovering...

Dubai Gold Souq sees vacancies for first time as landlords stick to rental demand

Rents have dropped only for new retailers taking up space at vacated stores Dubai: The first ‘To Let’ signs are showing at Dubai’s historic Gold Souq as jewellery retailers choose to close down some of their outlets rather than keep...

UAE retail gold rates hit a five-year high

In a 5-year peak, retail gold rates 50 fils from touching Dh172/gram for 22k VAT excluded Dubai: On Wednesday evening, suggested retail rates for selling gold touched a five-year high of Dh171.50 for a gram of 22K gold (which is...

UAE: Gold prices to rise this week, with potential to go even higher later

Analysts opine cost of gold and silver can rise further in the weeks to come Dubai: Gold prices this week are headed higher, which marks an end to comparatively lower price levels seen last month, and multiple analysts opine that...

Gold ticks up on fears about second wave of infections

Spot gold rose 0.1 per cent to $1,697.67 per ounce by 0304 GMT, after falling for two straight sessions. Gold prices were steady in early Asian trade on Tuesday after two straight sessions of falls, as a stronger dollar countered...

COVID-19 impact: Expats in UAE sell high-value gold to buy airline tickets

With gold at Dh193.25, rush to sell intensifies after India launches repatriation flights Dubai: For many expats in the UAE, gold is now serving a purpose more than just as an ornament. In these COVID-19 infected times, gold for these...

Latest gold, forex rates in UAE

Gold rates for Thursday, August 29, 2019 Daily Morning 9:00 AM Afternoon 3:00 PM Evening 6:30 PM 24k* 186.00 22k* 174.75 21k* 166.75 18k* 142.75   Get retail Gold and Forex rates with Emirates 24|7 Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian...

Coronavirus: Dubai’s Gold Souq open with reduced hours

Opening comes after Al Ras, Naif restrictions eased following sterilization programme Dubai: Dubai Gold & Jewellery Group (DGJG), the trade body for the gold and diamond jewellery sector in Dubai, has announced the re-opening of iconic Deira Gold Souq, in...

Latest News

Steinreich bags UAE-Israel Business Council deal

The UAE-Israel Business Council was established to help foster shared opportunities. The UAE-Israel Business Council, comprised of business leaders from...

22 Salik services added on Dubai Drive app

The new batch of services include nine main services and 13 subsidiary ones. The latest update on Dubai Drive app has included 22 new services...

Invest in post-graduate education from Curtin University Dubai

The COVID19 pandemic has had an unprecedent impact on the global economy. Across the world, unemployment has reached record levels and consumer confidence has...

3 scammers to pay Dh350,000 each for using others’ Emirates ID to encash cheques

The defendants were also convicted of criminal complicity, fraud and attempted fraud. Three men have been sentenced to two years in jail and fined Dh350,000...

Saudi Aramco and SABIC reassess crude-oil-to-chemicals project

The decision comes as oil companies globally re-assess energy projects to conserve cash Dubai: Saudi Aramco and Saudi Basic Industries have decided to re-evaluate their...