As of 24 September 2024, Dubai, one of the leading hubs for gold trading, has witnessed significant movement in gold prices. The following detailed breakdown provides the current gold rates in Dubai, including the highs, lows, and recent changes across different gold purities.
Today’s Gold Rate in Dubai, UAE (24 September 2024)
| Gold Purity | Price per Gram (AED) | Highest Price (AED) | Lowest Price (AED) |
|---|---|---|---|
| 1 Gram Gold 24K | 311.17 | 311.24 | 309.91 |
| Gram 22K | 285.66 | 285.72 | 284.50 |
| Gram 21K | 272.28 | 272.34 | 271.17 |
| Gram 18K | 233.38 | 233.43 | 232.43 |
| Gram 14K | 182.04 | 182.08 | 181.30 |
| Gram 10K | 129.76 | 129.79 | 129.23 |
| Gram 6K | 77.79 | 77.81 | 77.48 |
Key Highlights of Gold Prices in Dubai (24 September 2024)
- 24K Gold: The highest quality gold, 24K, is trading at AED 311.17 per gram. The price increased by AED 2.61 compared to the previous day, reflecting positive momentum in the market. The day’s high for 24K gold reached AED 311.24, while the low was AED 309.91.
- 22K Gold: Often preferred for jewelry, 22K gold is priced at AED 285.66 per gram, showing a rise of AED 2.39. The highest recorded price for 22K today was AED 285.72, while the lowest dipped to AED 284.50.
- 21K Gold: For those seeking a more affordable option, 21K gold stands at AED 272.28 per gram, with a change of +2.28 AED from the previous rates. The day’s range fluctuated between AED 271.17 and AED 272.34.
- 18K Gold: As a common choice for fashion jewelry, 18K gold is available at AED 233.38 per gram, marking an increase of AED 1.95. Prices for 18K gold peaked at AED 233.43 and hit a low of AED 232.43.
- 14K, 10K, and 6K Gold: For lower-purity gold, the prices are as follows:
- 14K gold: AED 182.04 per gram with a +1.52 AED change.
- 10K gold: AED 129.76 per gram, reflecting a +1.09 AED increase.
- 6K gold: AED 77.79 per gram, showing a slight increase of AED 0.65.
Understanding the Gold Market in Dubai
Dubai is renowned as the “City of Gold,” and its gold market plays a pivotal role in influencing global gold prices. The Dubai Gold Souk is a central hub for buying and selling gold, with daily fluctuations driven by global demand, oil prices, geopolitical stability, and the strength of the US dollar.
Why Gold Prices Fluctuate in Dubai
Several factors contribute to the daily rise and fall in gold rates in Dubai:
- International Gold Prices: The global price of gold, often set in US dollars, directly impacts the local rates in Dubai.
- Currency Exchange Rates: Since gold is traded globally in US dollars, the strength of the AED (United Arab Emirates Dirham) against the dollar affects the price.
- Demand & Supply: Local and international demand for gold can cause prices to rise, especially during festive seasons or geopolitical unrest.
- Economic Indicators: Interest rates, inflation, and other financial indicators also affect gold’s value as a safe-haven asset.
Check the History of Gold Rate in Dubai
Follow INCPak on Google News
INCPak WhatsApp Channel
