The gold course needs to be known to those who earn on its change. At the right moment, the precious metal is bought at the lowest price, and then sold at an increase in value. Sometimes the cost per day varies by 2-5% and thus speculators are given a great opportunity to earn.
In global markets where gold is bought and sold as part of a fixed rate, the upper and lower limits on currency fluctuations are set. They are called "golden dots." There is also a “golden export point” and a “golden import point” used for payments by domestic lenders and export-import operations.
In the UAE, each emirate has its own Gold Market. The gold exchange rate is influenced by many factors, such as instability in the global financial system, economic crises, wars, terrorist attacks, rising oil prices, speculative demand of investors and ordinary citizens, etc.
The value of the Dirhams has a very strong influence on chickens, since prices and payments for gold are made in Dirhams. The strengthening of the Dirhams exchange rate causes an increase in the value of gold in the currencies of countries not related to the Dirhams. As a result, there is a decrease in demand for gold, followed by a decrease in sales, precious metal prices are falling. A decrease in the value of the Dirhams entails an increase in the rate of gold. You can read Uae Latest News Today to know the current market value of the gold.
The UAE government is very serious about its reputation, as well as the quality of goods and services offered in the country. Each purchase must be accompanied by a quality certificate, and the company itself must have an appropriate license giving the right to trade in jewellery.
The gold exchange rate has been constantly growing since 2001 (not counting the rare stops and short-term U-turns). You can get the updated rates of this precious stone from Latest News Uae Today.There are many other sources are also available that you can find as per your convenience.
Focusing on the gold exchange rate, private and state investors are fleeing "in precious metal" from cheap money, inflation and various social and natural disasters.
Carat is a unit of measure of gold purity. More the value of carats, the purer the gold. The highest standard is 24 carats. This is the so-called pure gold, which is sold in the form of coins and bars, since it is too soft for jewellery. Dubai jewellers use 22k gold for chains, bracelets and simple rings, and more. Durable 18k gold used for rings with diamonds and for other jewellery with precious stones.
The price per gram depends on the carat (K) of gold:
- 18 carats
- 21 carats
- 22 carats
- 24 carats
According to the Current News in Uae, the latest prices the gold are as below:
1 gram gold 22 carat is equal to the 187.48 AED
1 Gram Gold Rate In Dubai is of 1,967.50 AED