Gold Price Update: Gold prices declined in the United Arab Emirates on Tuesday morning, weighed by prospects of the US reaching a debt ceiling deal and a strengthening dollar.
According to Dubai Jewellery Group data, the 24K was trading at Dh234.75 per gram at the opening of the markets on Tuesday morning, down half a dirham from last night’s close. Similarly, 22K, 21K and 18K variants of the yellow metal were trading at Dh217.5, Dh210.5 and Dh180.5 per gram, respectively.
Globally, the spot gold price was down at $1,935.8 per ounce, down by 0.31 per cent, at 9.37 am UAE time.
