Unraveling Gold Rate Patterns in UAE Last 6 Months
If you’re looking to get a handle on the gold rate in the UAE over the past six months, December 13, 2024, to June 10, 2024, is your timeframe. Prices have been as stable as a house of cards, influenced by a bunch of different angles. Check out this table to see how gold has behaved in different karats:
| Date | 24K Gold (AED/gram) | 22K Gold (AED/gram) | 18K Gold (AED/gram) |
|---|---|---|---|
| 13-Dec-2024 | 224.75 | 211.25 | 172.00 |
| 10-Jan-2024 | 230.50 | 216.50 | 176.75 |
| 10-Feb-2024 | 235.00 | 220.50 | 180.00 |
| 10-Mar-2024 | 240.75 | 226.00 | 185.00 |
| 10-Apr-2024 | 237.25 | 222.75 | 183.00 |
| 10-May-2024 | 239.50 | 225.00 | 184.50 |
| 10-Jun-2024 | 242.00 | 227.00 | 186.25 |
Unraveling Gold Rate Patterns in UAE Last 6 Months
Getting a grip on what ticks in the gold prices is a bit like understanding teenagers; unpredictable but with a pattern if you look close enough. Here’s what you need to know:
- Economic Conditions: The financial forecast plays a huge role in gold pricing. When the economy catches a cold, investors rush to gold like it’s their security blanket. Inflation and recession whispers often drive these prices up. Check out DAMAC Properties talking about how 2024’s economy might lead to rising gold prices in the UAE.
- Geopolitical Tensions: Political storms stir up the gold market too. Conflict and instability send folks running to gold for safety, and that rush can push prices north (Excel Properties).
- Market Demand and Supply: It’s all about what’s hot and what’s not. Festivals, weddings—they all crank up the need for gold. The balance of how much is needed versus how much is available can shake up the prices.
- International Gold Prices: What happens in the international gold market doesn’t stay there. Fluctuations ripple across to the UAE. Things like currency strength and economic moves worldwide can mess with local pricing.
- Local Market Dynamics: The Dubai gold market plays its own game. This market dances to the tune of global influences and local appetites, with the strength of the UAE Dirham adding an extra twist to the story.
By keeping tabs on these movers and shakers, and checking in on today’s gold rate in UAE, you can keep your investments or shopping smooth and savvy.
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Table of Contents
Analyzing Gold Rates in the Last 6 Months
Gold Price Fluctuations in the UAE
In recent months, the gold price in the UAE has been on a wild ride. Let’s take a peek at what happened between December 2024 and June 2024:
| Month | Date | 24K Gold Price (AED/gram) |
|---|---|---|
| Dec | 13-Dec-2024 | 280.304 |
| Jan | 10-Jan-2024 | 278.450 |
| Feb | 10-Feb-2024 | 276.320 |
| Mar | 10-Mar-2024 | 273.890 |
| Apr | 10-Apr-2024 | 270.565 |
| May | 10-May-2024 | 277.865 |
| Jun | 10-Jun-2024 | 275.236 |
So, what’s causing this rollercoaster? A few things are shoving gold prices around:
- Global Gold Prices: When gold prices move around the world, local prices follow suit.
- Local Demand: More gold lovers means higher prices (DAMAC Properties).
- Currency Exchange Rates: The dance between USD and AED (Excel Properties).
- Political-Economic Stability: When things get shaky, investors flock to gold like bees to honey (Excel Properties).
Impact of Weight and Karats on Gold Price
Gold’s weight and purity, measured in karats, are big players in determining its price. Here’s how they stack up in the UAE:
| Weight (grams) | 24K Price (AED) | 22K Price (AED) | 18K Price (AED) |
|---|---|---|---|
| 1 | 275.236 | 257.923 | 213.965 |
| 10 | 2752.36 | 2579.23 | 2139.65 |
| 20 | 5504.72 | 5158.46 | 4279.30 |
What should you keep in mind?
- Weight: Heavier items like gold bullion or chunky jewelry rack up costs. For example, 20 grams of 24K gold will make your wallet lighter compared to 1 gram.
- Karats: More karats mean purer gold, and purer gold means you’ll need deeper pockets. 24K gold takes the cake in price over its 22K or 18K cousins. Peek at our page for gold rate in UAE 24 carat for the latest numbers.
Whether you’re a gold geek or just looking to snag a piece or two, this rundown of the [gold rate in last 6 months in UAE] should give you a good start in making smart buys. Stay sharp with current updates by checking the today gold rate in UAE.
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