Dubai Gold Rate – Today’s price of 24,22,21 & 18 Carat Gold

Dubai Gold Rate – Today’s price of 24,22,21 & 18 Carat Gold

Updated on 25th September 2020

Retail Gold Rate in Dubai today

CaratGold Rate in AED (per gram)

Gold Price in Dubai is fixed every day, by the Dubai Gold & Jewellery Group, based on the London Gold Market. Dubai’s Department of Economic Development displays the current gold price in digital notice boards at prominent gold trading locations including Gold Souq and Gold & Diamond Park.

Recent Dubai Gold Price Trends (per gram)

25th September 2020224.25210.5201172.25
24th September 2020227.5213.75204175.75
23rd September 2020228.5214.5204.75175.5
22nd September 2020231.5217.5207.5177.75
21st September 2020236221.75211.5181.25
20th September 2020236221.75211.5181.25
19th September 2020236.75222.5212.5182
18th September 2020234.5220.5210.25180.25
17th September 2020235220.75210.75180.5
16th September 2020236.75222.25212.25181.75
15th September 2020237.25223212.75182.25
14th September 2020235.75221.5211.5181.25
13th September 2020235220.75210.5180.5
12th September 2020235.5221.25211181
11th September 2020234.75220.5210.5180.5
10th September 2020235.75221.5211.25181
09th September 2020231.75217.75207.75178
08th September 2020231.75217.75207.75178
07th September 2020234219.75209.75179.75
06th September 2020234219.75209.75179.75
05th September 2020234.5220.5210.25180.25
04th September 2020234.5220.5210.25180.25
03rd September 2020235.25221211180.75
02nd September 2020235.25221211180.75
01st September 2020238.5224213.75183.25
31st August 2020238.5224213.75183.25
28th August 2020235.25221211180.75
27th August 2020235.25221211180.75
26th August 2020234.25220210180
25th August 2020234.5220.5210.25180.25
24th August 2020234219.75209.75179.75

There are multiple price components while buying gold at a jewellery shop.Buying Gold in Dubai : Gold buying tips

    • Actual gold weight.
      • The weight of the jewellery is usually calculated including the weight of gem stones. The gem stones are generally considered as low valued, compared to the gold.
    • Making charges for the gold jewellery
      • Making charges are fixed as a % of the weight of the gold and added to the price of the jewellery. Intricate designs are usually priced at a higher % than simpler designs.
  • It is advisable to invest in Gold coins or bars if the purpose of buying gold is only for investment since gold coins and gold bars are usually charged nil making charges and do not contain any worthless gem stones
  • Every jewellery shop, including the large ones always provide a discount. Always haggle on the making charges % and reduce it as much as possible.
  • Find out if the shops have a reward program and capitalize on any cash back that they provide as part of the rewards programs

Gold Carats explained

A carat is 1/24 part of pure gold by weight

  • 24 carat = pure gold
  • 22 carat = 22 parts pure gold, 2 parts other metals
  • 21 carat = 21 parts pure gold, 3 parts other metals
  • 18 carat = 18 parts pure gold, 6 parts other metals

How is International Gold Price Calculated?

The international gold price is set by the London Bullion Market Association (LBMA). It is determined by auctions that takes place twice a day. The participants of the LBMA are Bank of China, Barclays, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Scotia-Mocatta , Societe Generale, Standard Chartered, and UBS.

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