1 gm 22k Gold Price in Dubai Today
Gold Rate in Dubai
Dubai, a hub for gold trading, is known for its competitive gold prices. The gold market in Dubai is one of the largest and most liquid in the world. The price of gold in Dubai is determined by the Dubai Gold and Jewellery Group (DGJG), which sets the daily gold rate based on the international gold prices and other market factors.
22K Gold Price in Dubai
22K gold is the most popular type of gold in Dubai, accounting for more than 90% of the gold sales in the city. The price of 22K gold in Dubai is usually higher than the international gold price due to the addition of making charges, which can range from 10% to 20% depending on the complexity of the design and the craftsmanship of the jewellery.
1 gm 22K Gold Price in Dubai Today
As of today, the 1 gm 22K gold price in Dubai is AED 159.50. This price is subject to change depending on the international gold prices and other market factors.
Factors Affecting Gold Prices in Dubai
Several factors can affect the gold prices in Dubai, including:
International Gold Prices
The international gold prices have a significant impact on the gold prices in Dubai. Any changes in the international gold prices are reflected in the Dubai gold market.
USD to AED Exchange Rate
The exchange rate between the US dollar and the UAE dirham can also affect the gold prices in Dubai. A stronger US dollar can lead to higher gold prices in Dubai.
Demand and Supply
The demand and supply of gold in Dubai can also impact the gold prices. During peak seasons, such as weddings and festivals, the demand for gold increases, leading to higher prices.
Making Charges
The making charges, which can range from 10% to 20%, are added to the international gold prices to calculate the final price of gold in Dubai.
Conclusion
The 1 gm 22K gold price in Dubai today is AED 159.50. This price is subject to change depending on various market factors, including international gold prices, USD to AED exchange rate, demand and supply, and making charges. If you're planning to buy gold in Dubai, it's essential to check the current gold prices and make an informed decision.
