A woman walks past gold jewellery displayed in a shop window at the Gold Souq in Dubai. Photo: Reuters
Dubai: Gold rates in Dubai, United Arab Emirates (UAE), surged on Friday afternoon, January 10, with 22-carat gold exceeding Dirham 300 (Rs 7,025.55) per gram.
The Dubai Jewellery Group data reported a 24-carat gold rate of Dirham 324.50 (Rs 7,599.31) per gram.
This marks a slight increase from the Thursday night, January 9, closing of Dirham 323.50 (Rs 7,575.89) per gram.
At 1:30 pm UAE time, 22-carat gold was priced at Dirham 300.50 (Rs 7,037.26) per gram, 21-carat at Dirham 290.75 (Rs 6,808.93), and 18-carat at Dirham 249.25 (Rs 5,837.06).
In global markets, spot gold traded at 2,679.64 US dollars (Rs 2,30,530) per ounce on Friday afternoon.
Gold prices surged to a four-week high on Friday, driven by safe-haven demand amid market uncertainty over President-elect Donald Trump’s proposed tariff policies, Reuters reported.
Trump has pledged to impose tariffs upon taking office on January 20, potentially triggering inflation and trade tensions.
This post was last modified on January 10, 2025 5:38 pm