The prices of gold in Dubai on October 8, 2023 in the UAE Dirham or AED are given below.
Gold is a precious metal that has been valued for centuries. It is known for its beauty, durability, and rarity. It is also used in a variety of industrial and technological applications.
The price of gold is determined by a number of factors, including supply and demand, global economic conditions, and political instability. Gold is often seen as a safe haven asset, and investors may turn to gold when other markets are volatile.
Dubai is one of the world's largest gold markets. The city is known for its gold souk, which is a traditional market where gold is sold in a variety of forms, including jewellery, coins, and bars.
The price of gold in Dubai is generally lower than the price of gold in other major markets, such as London and New York. This is because Dubai is a tax-free zone, and there are no import duties on gold.
The price is 2164.10 AED (UAE Dirham) for 10 grams of 24-karat gold, and 2524.21 AED for 1 tola of 24-karat gold.
The price of 22-karat gold is 1983.80 AED for 10 grams, and 2313.90 AED for 1 tola.
| Gold Unit | Gold Rate in AED |
|---|---|
| Gold 24K per 1 Gram | 216.41 |
| Gold 22K per 1 Gram | 198.38 |
| Gold 24K per 10 Grams | 2164.10 |
| Gold 22K per 10 Grams | 1983.80 |
| Gold 24K per Tola | 2524.21 |
| Gold 22K per Tola | 2313.90 |
Investing in gold
Gold can be a good investment for a number of reasons. It is a safe haven asset, and it can help to diversify your portfolio.
Gold is also a tangible asset, which means that it has intrinsic value.
However, it is important to remember that precious metal is a volatile asset. The price of gold can fluctuate wildly, and there is no guarantee that the price of gold will go up in the future.
