Gold is rising to unprecedented levels in 20 years.
Yesterday, gold prices recorded increases, whose values ranged between 5.25 and seven dirhams per gram of various carats
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Yesterday, gold prices recorded increases, whose values ranged between 5.25 and seven dirhams per gram of various carats, compared to their prices at the end of the previous week, according to the price indicators announced in Dubai and Sharjah.
Officials of outlets for the gold and jewelry trade told that the recent increases in gold prices reached unprecedented record rates, noting that sales of tourists, especially in Dubai, accounted for the largest share of the demand for gold jewelry, in addition to A limited turnout from dealers to buy gifts, which supported the continuation of the activity of gold and jewelry trade outlets.
The price of a gram of 24-carat gold amounted to 240.25 dirhams, an increase of seven dirhams, while a gram of 22-carat gold recorded an amount of 225.75 dirhams, an increase of 6.75 dirhams.
In turn, the price of a gram of 21 carats reached 215.25 dirhams, an increase of 6.25 dirhams, and the price of a gram of 18 carats reached 184.5 dirhams, an increase of 5.25 dirhams.