Gold in UAE: Buy or hold? Prices are set to rise as more big rate hikes loom
UAE-Dubai (Sept 12) Although the price of gold dropped slightly Monday morning, commodity analysts currently evaluate how buyers can't afford to wait for prices to get lower, as the expectation is for the yellow metal to get costlier as more economies raise rates worldwide in the days and weeks to come.
In the UAE, the cost of 24-karat gold was at Dh207.50 per gram on Monday. Meanwhile, the price of 22-karat gold fell to Dh195 per gram, 21-karat to Dh186 and 18-karat to Dh159.50 in the UAE. Check the latest gold rates here.
ARABnews
