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United Arab Emirates Gold price today: Gold rises, according to FXStreet data
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FXStreet Forex & Commodities News
Gold prices rose in United Arab Emirates on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 655.31 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 634.88 it cost on Wednesday.
Unit measure Gold Price in AED 1 Gram 655.31 10 Grams 6,552.86 Tola 7,643.20 Troy Ounce 20,382.39FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units.
Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status.
A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.