Gold prices in Dubai surged after recent interest rate cuts in the US and UAE, with 24-karat gold reaching Dh481.50 per gram, up from Dh476.25 the previous day. The 22-karat variant also increased to Dh446 per gram. Analysts attribute the rise to global bullion holding near the $4,000 per ounce mark and continued investor demand for safe-haven assets amid monetary easing. Despite the uptick, gold remains below the Dh500 level, keeping retail demand steady.
Read more: Gulf News article
Dubai Gold Prices Climb to Dh481.50 After Interest Rate Cuts
