UAE: Gold prices drop in Dubai, stay above Dh300 per gram

Gold prices fell at the opening of the markets in Dubai on Friday. At 9am UAE time, the 24K was trading at Dh304.25 per gram, down from Dh304.

75 at the close of the markets on Thursday. Among the other variants, 22K opened lower at Dh281.75, 21K at Dh272.



75 and 18K at Dh233.75 per gram. Globally, gold was trading at $2,513.

59 per ounce, down 0.23 per cent at 9.07am UAE time.

Stay up to date with the latest news. Follow KT on WhatsApp Channels. Vijay Valecha, chief investment officer at Century Financial, said from a technical perspective, gold has been managing to stay above the $2,500 level, maintaining the potential for an upside breakout from a rising wedge pattern, which suggests bullish momentum could continue.

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