Gold rate in Dubai today is 24K per 10 grams gold price is 2345 AED. This is today’s gold price in Dubai on January 26, 2023, and 22K per tola gold price in Dubai is 2172.5 AED.
Gold is a precious metal that is highly sought after due to its beauty, rarity, and durability. In Dubai, the price of gold is determined by supply and demand as well as global market conditions. Gold rates in Dubai are updated regularly and may fluctuate based on a number of factors, including geopolitical events, economic conditions, and currency fluctuations.
Today Live Dubai Gold Rates
How will Dubai gold rates rise?
One of the main factors affecting gold rates in Dubai is the strength of the US dollar. The US dollar is the world currency, and when it strengthens, it makes gold more expensive for buyers in other countries. Conversely, when the dollar weakens, gold becomes more affordable to buyers in other countries.
Another major factor affecting gold rates in Dubai is the current state of the global economy. When the global economy is strong, people invest more in stocks and other financial assets, which can cause the price of gold to fall. On the other hand, when the global economy is weak, people tend to invest more in gold as a safe haven, which can cause the price of gold to rise.
Dubai is also a major center for the gold trade, with a large number of gold shops and gold exchanges. This means that the price of gold in Dubai is often influenced by local supply and demand. Gold shops in Dubai have a wide range of gold products, including gold coins, gold bars, and gold jewelry. They also offer services like gold refining, gold testing, and gold storage.
Gold rates in Dubai are affected by a number of factors including the strength of the US dollar, the global economy, and local supply and demand. The gold market in Dubai is dynamic and changes regularly, so it is a good idea to keep an eye on the latest gold rates in Dubai if you are looking to buy or sell gold.