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الاقتصادية
Gold prices in UAE October 12
Gold prices in the UAE increased today relatively, amid a rise in global prices, supported by a weak dollar and falling oil prices. Investors are closely monitoring US inflation data, which will influence the Federal Reserve's monetary policy expectations. The price of a gram of 24-karat gold reached approximately 494.1 AED (134.6 USD), while 22-karat was about 452.9 AED (123.4 USD), 21-karat around 432.3 AED (117.8 USD), and 18-karat about 370.6 AED (100.9 USD). The price of an ounce of gold stood at 15,367.9 AED (4,187.4 USD), and the kilogram of gold was priced at 497,548.3 AED (135,571.7 USD). Globally, the ounce price increased by 0.1%, reaching 4,198.19 USD, as oil prices declined following US statements about a potential ceasefire between Russia and Ukraine, reducing inflation worries and impacting gold's attractiveness.
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