May 27, 2018, 11:08 pm IST
News Updates


Good bargains on the cards for gold shoppers

Good bargains on the cards for gold shoppers

 Jun 21, 2017

 Eid shoppers in Dubai may find some bargains in gold purchase if the international market
continues the current downward trend.
The bullion has recently hit a near five-week low, which has been reflected on the current retail rate.
Compared to about two weeks earlier, the current price for gold ornaments is cheaper now by AED 5
per gram. Eid being a gifting season, a spurt in purchase is expected during the week prior to the
festival. Any drop in price would attract a large volume in sales..
The price of 24K gold stood at AED 151.75 per gram as on Tuesday, a lot lower compared to the
rates on June 7, when the yellow metal was priced at AED156.50 per gram. However, the
downward trend may not continue for long as the US monetary policy is likely to be more tightened
in the coming months.

More News

Pick of the Day

About us

In the surfeit of information that inundates us relentlessly, now (24 x 7 so to speak), it is difficult to separate the chaff from the grain. With so much chaff getting into the public domain, the real news happening on the ground becomes hard to make out. We are embarking on this portal in an effort to clarify things and provide focus on the real d ...

Read more


Enter email address to subscribe the newsletter

Copyright © 2017 PENNEWS. All Rights Reserved | Designed by : Tedsys