Dubai’s gold prices have experienced a significant decrease, dropping by up to 10 Dirhams. The price of 24K gold has fallen to 481.50 Dh per gram, following a recent peak at a record high of 525.25 Dh on October 21.
Experts attribute this sharp decline to a combination of technical and fundamental factors that are currently influencing gold and silver prices as the markets opened on Monday. This volatility underscores the ongoing uncertainties affecting precious metal investments in Dubai, a key trading hub in the region.
Investors remain attentive to these price shifts amid the backdrop of changing global economic conditions. For continuous updates on gold prices and market trends, stay tuned to Questiqa World News.
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