24K Gold in Dubai Touches AED 500 Mark After Significant Price Surge
Indian gold prices also see strong bullish momentum, with 24K crossing ₹12,800 per gram as markets close for the weekend.
Gold prices witnessed a substantial surge in both Indian and UAE markets on Friday, with Dubai’s pure gold crossing the significant psychological threshold of AED 500 per gram.
According to the latest market data, 24K gold in the UAE closed at AED 500.10 per gram, marking a notable increase of AED 6.10 from previous levels. Similarly, in India, 24K gold reached ₹12,817 per gram, rising by ₹114 in a single day.
The price movement affected all major carats, with 22K and 18K gold also recording considerable gains in both markets. The strong upward trend reflects renewed investor interest and bullish market sentiment as trading closed for the weekend.
Market analysts suggest the surge comes amid ongoing global economic uncertainties and shifting investment patterns. With gold markets closed on weekends, the next price movement will be reflected in Monday’s trading session.
Current Gold Rates (Per Gram):
UAE Market (in AED)
- 24K: 500.10 (🔼 +6.10)
- 22K: 458.42 (🔼 +5.25)
- 18K: 375.08 (🔼 +4.58)
Indian Market (in ₹)
- 24K: 12,817 (🔼 +114)
- 22K: 11,749 (🔼 +105)
- 18K: 9,613 (🔼 +86)
Source: International Gold Market Data
