UAE Gold Prices Rise on June 17

Gold prices in the UAE experienced a significant increase across all denominations today, supported by a rise in global gold prices for the fifth consecutive session. This upward trend was driven by market optimism regarding a potential agreement between the United States and Iran, which boosted expectations of easing pressures on US monetary policy. The price of 24-karat gold per gram reached approximately 510.5 dirhams (139.1 USD), while 22-karat gold was around 467.9 dirhams (127.5 USD), and 21-karat gold stood at about 446.7 dirhams (121.7 USD). The price of an ounce of gold was approximately 15,877.9 dirhams (4,326.4 USD), and a 1-kilogram gold bar was estimated at 514,063 dirhams (140,071.7 USD).

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