Gold Prices Drop in Dubai: 24K Variant Falls to Dh282 Amid Global Market Trends

Date:

Share post:

Gold Prices Drop in Dubai witnessed a decline as the 24K variant dropped to Dh282 per gram on Monday, reflecting broader global market movements.

In the latest trading session, Gold Prices Drop in Dubai as the 24K variant slid by half a dirham to settle at Dh282 per gram. This decline comes in light of global trends affecting precious metals, including gold trading at $2,326.54 per ounce, marking a decrease of 0.22% from previous levels. The market sentiment remains influenced by subdued US inflation data, which has bolstered expectations for potential rate cuts by the US Federal Reserve later this year. Analysts note that despite the modest Gold Prices Drop in Dubai, the outlook remains cautious amidst ongoing economic indicators.

Abdul

Related articles

Dubai’s Satwa District Now Offers Irresistible Freehold Property Options!

Dubai's historic Satwa district is making waves in the real estate market by opening up more freehold options...

Nouran Ghannam: Leading Innovation and Empowering Entrepreneurs

Nouran Ghannam, the founder and CEO of Stllr Network, is a prominent figure in the Middle Eastern entrepreneurial...

Hosam Arab: Pioneering E-commerce and Fintech in the Middle East

Hosam Arab is a name synonymous with innovation and success in the Middle Eastern e-commerce and fintech landscape....

Najib Hage-Chahine: A Legal Visionary Redefining Legal Excellence with Integrity and Innovation

In the ever-evolving world of law, few professionals have managed to seamlessly merge academic distinction, global experience, and...