UAE gold prices decline June 12

Gold prices in the UAE experienced relatively stable levels across all denominations today compared to yesterday. Meanwhile, global gold prices are heading for a weekly loss exceeding 3% due to concerns over inflation and the possibility of increasing U.S. interest rates. The price of 24-karat gold per gram was approximately 494.4 AED (134.7 USD), 22-karat around 453.2 AED (123.5 USD), 21-karat about 432.6 AED (117.9 USD), and 18-karat roughly 370.8 AED (101.1 USD). Additionally, the price of an ounce of gold stood at 15,376.1 AED (4,189.7 USD), and a 1-kilogram gold bar was approximately 497,812.1 AED (135,643.6 USD).

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