The price of gold has been continuously decreasing in the United Arab Emirates, with a further decrease of 2 dirhams observed last week. According to Urdu News, at the end of last week, there was a recorded decrease of 1.75 to 2.50 dirhams in the price of one gram of gold.
In the gold markets of Dubai and Sharjah, there has been a further decrease in prices compared to the end of last week. The price of 24-carat gold per gram decreased by 1.5 dirhams, reaching 237.25 dirhams, while 22-carat gold per gram decreased by 2 dirhams, reaching 220 dirhams.
The price of 21-carat gold per gram decreased by 2 dirhams, reaching 213 dirhams, and 18-carat gold per gram decreased by 2 dirhams, reaching 182.5 dirhams.
The manager of a jewelry showroom mentioned that there has been an improvement in the demand for gold jewelry in the gold market in recent days. With the decrease in prices, people have started making purchases. It is expected that the demand for jewelry will increase in the coming days.
