Gold Rate in Dubai UAE: 16 May 2024

As of May 16, 2024, the current gold rate in Dubai, UAE, stands at 2821.30 AED for 10 grams of 24-karat gold, with 1 tola of the same purity fetching AED 3290.76. Stay updated with the latest market trends for informed investment decisions.

Gold Rate in Dubai, UAE, Today, May 16, 2024:

Here are the complete gold rates in Dubai for May 2024:

It is pertinent to mention that the gold rate in the United Arab Emirates (UAE) and the rest of the world is constantly changing, so the post may contain some discrepancies. However, we try our best to keep this post updated with the latest and live gold rates in the UAE’s bullion market, every day.

Please note that the prices mentioned are for basic information, and you should not rely on them for trading purposes. For the most accurate prices, please consult your bullion market, which will provide the most updated rates.

What is the difference between 24k, 22k, and 18k gold?

When choosing gold jewelry, understanding the differences between 24k, 22k, and 18k is crucial. It all comes down to purity and practicality:

• Purity: The karat (k) signifies the proportion of pure gold in the alloy. 24k gold is the purest form, containing 99.9% gold and no other metals. This translates to a vibrant yellow color and a softer texture, making it unsuitable for daily wear jewelry as it can scratch or bend easily. 22k and 18k gold contain lower percentages of gold (91.7% and 75%, respectively) mixed with other metals like copper or silver. While slightly less valuable, these blends offer increased durability and scratch resistance, making them the preferred choice for everyday jewelry.
• Practicality: The choice between 24k, 22k, and 18k gold depends on the intended use. If you prioritize absolute purity and color vibrancy, 24k gold might be suitable for non-wearable items like collector coins. However, for everyday jewelry that requires strength and durability, 22k or 18k gold are more realistic options, offering a good balance between value, beauty, and practicality.

The gold rate in Pakistan is constantly changing. It’s vital to stay updated on the current daily rates for accurate gold rate conversions. Reputable sources like INCPak (https://www.incpak.com/tag/gold-rate-in-dubai/), provide reliable, daily updated information on gold rates.

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