Dubai’s gold market has witnessed a historic surge, with the price of 24K gold nearly reaching a record high. On Thursday evening, the price stood at Dh664.5 per gram, marginally below the all-time peak of Dh666 hit earlier that day. This significant rise represents the biggest monthly gain in gold prices in the last 50 years.
The remarkable increase highlights:
- Strong demand for gold in the region
- Shifting market dynamics that favor Dubai as a key player in the global gold industry
Traders and investors are closely monitoring these developments, expecting further price movements. Dubai’s gold market continues to shine amid global economic uncertainties, drawing buyers from across the region.
For the latest updates on this evolving story, stay tuned to Questiqa World News.
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