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الاقتصادية
UAE Gold Prices Rise on August 27
Gold prices in the UAE saw a slight increase across all purities today, Thursday, amid growing optimism about stabilization of global gold prices after a decline of more than 1% in the previous session. This comes as markets await remarks from Federal Reserve Chairman Jerome Powell. The price of 24-karat gold per gram stood at approximately 543.4 AED ($148.1), 22-karat at 498.1 AED ($135.7), 21-karat around 475.5 AED ($129.6), and 18-karat about 407.6 AED ($111.1). The price of an ounce of gold reached 16,902.2 AED ($4,605.5), while a 1-kilogram gold bar was approximately 547,224.3 AED ($149,107.5). Globally, gold prices increased by 0.6% to reach $4,618.93 per ounce, as markets await decisions on US interest rate hikes, especially with inflation in the United States continuing to rise.
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