Analysts forecast precious metal to break $1,360 level
Gold jewellery in the UAE may be cheaper today compared to the last few weeks, but prices are again starting to go back up, latest data show.
The bullion inched higher on Monday and analysts are expecting the trend to continue for the rest of the week, so gold fans in the UAE will again have to pay more out of their pockets when shopping for new jewellery.
As of 11.30am, 24-karat gold was retailing at Dh159.75 per gram, up by .25 fils from early Tuesday morning. Compared to the last few weeks, however, the latest price is cheaper by Dh1 per gram, with 24K trading as much as Dh160.75 last February 27.
As of early Tuesday (0057 GMT), spot gold had gone up 0.1 per cent to $1,324.08 an ounce, according to Reuters.