Dubai, November 4, 2024 — Gold prices in the UAE experienced a significant increase today as investors prepare for a crucial week ahead of the US presidential elections and the anticipated possibility of another rate cut by the Federal Reserve. Meanwhile, US gold futures and prices in India remained steady on Monday.
In Indian currency, 22k gold prices in Dubai surged by ₹2,174, reaching ₹70,156 per 10 grams. For 100 grams, the price of 22k gold jumped by ₹21,745 to ₹701,563. Additionally, 24k gold prices rose by ₹2,346 to ₹75,764 per 10 grams, with 100 grams of 24k gold increasing by ₹23,461 to ₹757,642. The price of 18k gold also saw a boost, climbing by ₹2,633 to ₹58,254, while 100 grams of 18k gold surged by ₹26,323 to ₹582,538.
While gold prices in Dubai jumped today, prices in India remained stable after two consecutive days of decline. Currently, 22k gold prices in India are at ₹73,700 per 10 grams, and 24k gold is retailing at ₹80,400 per 10 grams. The price for 18k gold remains unchanged at ₹60,300 per 10 grams.
In terms of one-gram pricing, the rate for 22k gold in Dubai increased by ₹218 to ₹7,016. The one-gram price for 24k gold also rose by ₹234 to ₹7,576, while the price for 18k gold jumped by ₹263 to ₹5,825.
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