|Days||24k Gold Rate||21k Gold Rate||18k Gold Rate|
|Thursday, 07 Dec 2023|
|Wednesday, 06 Dec 2023|
|Tuesday, 05 Dec 2023|
|Monday, 04 Dec 2023|
|Sunday, 03 Dec 2023|
|Saturday, 02 Dec 2023|
|Friday, 01 Dec 2023|
|Thursday, 30 Nov 2023|
|Wednesday, 29 Nov 2023|
It means the actual and current market price for buying or selling gold. and it varies every day. It's influenced by various global factors, making it a key indicator of the metal's value on any given day. Usually investors follow the news, especially the financial ones, platforms that specialize in the gold market, or download a well-known application to get live feedback regarding the price of gold.
Live gold rates are real-time updates of the current market price of gold. These rates are essential for traders, investors, and industry professionals who require up-to-the-minute information for their transactions and decisions. So, anyone can track gold rates via financial news websites, like Bloomberg, CNBC, Reuters, financial apps available for smartphones and tablets, commodity exchanges, such as the London Metal Exchange (LME) or the Chicago Mercantile Exchange (CME) and financial news.
In the UAE, keeping a close eye on live gold prices is of paramount importance. Gold holds immense cultural, religious, and economic significance, making it an integral part of the local economy. The gold rate in Dubai, specifically, is a critical metric closely monitored by traders, jewelers, and investors.
Gold Price per Kilo: The price of gold per kilogram is a standard measurement used in various industrial applications and large-scale investments especially in the bullion market, gold is often traded in larger quantities, such as kilogram bars. The price per kilogram is a key factor in these transactions.
Gold Price per Gram: While gold jewelry is typically priced per gram, in large-scale jewelry manufacturing or for specialized jewelry with significant gold content, the price per kilogram can be relevant.
Gold Price per Ounce: The ounce is a widely recognized unit of measurement for gold, especially in financial markets. It's commonly used by traders, investors, and institutions for buying, selling, and valuing gold.
Live gold rates vary in UAE gold market according to demands. These rates are indispensable for traders, investors, and industry professionals who rely on up-to-the-minute information for their transactions and investment decisions.
The first thing comes in everyone's mind when we say “City of Gold” we know it's UAE. This country is full of history and traditions related to gold, especially Dubai. Dubai historical places like gold souk are the most reputable and richest gold markets ever.
We cannot blink our eyes from Guinness records that registered for Dubai gold. We have three records:
And these records emphasize the importance of the UAE as a gold market and a strong controller in the gold price.
Gold Souks Area: Located in the Deira district of Dubai, the Gold Souk is a bustling area with hundreds of shops offering a wide range of gold jewelry, including necklaces, bracelets, rings, earrings, and more. In addition to gold, you can also find shops selling other precious metals like silver and platinum, as well as gemstones and diamonds.
Tax-Free Trade: The UAE has implemented policies to attract gold traders by offering tax-free trading environments. This has further solidified its position in the global gold market.
Monitoring real-time gold prices is crucial in the UAE, given the profound cultural, religious, and economic value attached to this precious metal. The gold rate in Dubai is closely monitored by traders, jewelers, and investors as it directly impacts the local economy.
Gold prices in Dubai are affected by diverse Customer Base like, tourism community and expatriate community. As tourists heading particularly to Dubai, and attracted to the gold markets and often purchase gold jewelry and souvenirs.
UAE offers a wide variety of gold products, including jewelry, coins, bars, and bullion to various preferences and budgets. And due to intense market competition, gold prices in the UAE are often competitive, attracting buyers from around the world.
Thanks to UAE`s low-tax or tax-free policy, making it an attractive destination for gold trading. This can lead to potentially lower costs for buyers, that’s why the UAE government has established regulations to quality.
Local Demand: High demand for gold in the form of jewelry and investment drives to raise the prices in the UAE.
Tourism: The influx of tourists looking to purchase gold, especially during peak seasons, can influence local prices.
Global Factors: As with any market, international influences, including geopolitical events and currency fluctuations, also impact gold prices in the UAE.
Understanding the determinants of live gold prices is essential for anyone involved in the gold market, from investors to traders and jewelers. By grasping the nuances of the spot price of gold, the various measurements, and the specific factors influencing prices in regions like the UAE, one can make more informed decisions in this dynamic market. Keeping a close watch on gold prices, especially the gold rate in Dubai, is a crucial step towards navigating this intriguing and valuable commodity successfully. Stay updated, stay informed, and let the gold market work for you.