In Dubai’s early trading session on Friday, silver prices surged significantly, outshining gold with a gain of more than 3%. The spot price of silver reached Dh330 ($89.86) per ounce, marking a strong upward movement in the precious metals market. In comparison, gold experienced a modest rise of 0.18%, trading at $1,986.9 per ounce.
This shift highlights a growing investor interest in silver within the Dubai market, driven by various economic factors influencing commodities. The price change impacts traders and buyers keeping a close watch on precious metals investment trends.
Market analysts suggest that silver’s sharp increase could be linked to:
- Industrial demand
- Shifting market dynamics that favor silver over gold at this moment
The gold market remains steady but has yet to match the rapid gains seen in silver prices.
Dubai continues to be a crucial hub for trading precious metals, and the latest price movements attract attention from regional and global investors. Staying informed about these trends is essential for those involved in trading or investing in this sector.
Stay tuned to Questiqa World News for more latest updates.
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