Dubai’s gold market is experiencing an extraordinary surge, with 24K gold prices reaching Dh664.5 per gram on Thursday evening. Earlier that day, the price hit an all-time high of Dh666 per gram, marking a significant milestone for this precious metal.
This remarkable rise is part of what experts describe as the best monthly gain in gold prices in the last 50 years. The global gold price has surpassed the $5,500 mark, driving 22K gold prices in Dubai above Dh600 per gram for the first time.
Local investors and traders view this steady increase as an exciting opportunity. This trend reflects broader economic factors, including:
- Global economic uncertainties
- Rising inflation concerns
- Increased demand for gold in the region
These factors make gold a preferred safe-haven asset in the current market environment.
With records being broken daily, Dubai’s gold market is drawing attention from investors worldwide. These historic highs underscore Dubai’s role as a key global gold trading hub.
Stay tuned to Questiqa World News for more latest updates.
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