Gold prices struggled for momentum on Wednesday, as investors refrained from making big bets ahead of US inflation data that is expected to influence the pace of Federal Reserve rate hikes.
Spot gold was down 0.22 per cent at $1,790.30 per ounce at 9.10 am UAE time.
In the UAE, 24K gold prices dropped one dirham per gram at the opening of the markets on Wednesday. The Dubai Gold and Jewellery Group data showed 24K trading at Dh216.75 per gram on Wednesday morning as compared to Dh217.75 at the close of the markets on Tuesday.
Among the other variants of precious metal, 22K opened at Dh203.75 per gram, 21K at Dh194.25 and 18K at Dh166.5.Source: