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Gold prices touch 200 dirhams per gram locally .. Find out the reasons

2020-02-27T14:18:11.174Z

Today, gold prices recorded new heights that ranged between 3 and 4 dirhams per gram of various calibers, according to the prices announced in the Dubai and Sharjah markets, and those increases reached the price limits of the 24-carat gram of approximately 200 dirhams.



Today, gold prices recorded new heights that ranged between 3 and 4 dirhams per gram of various calibers, according to the prices announced in the Dubai and Sharjah markets, and those increases reached the price limits of the 24-carat gram of approximately 200 dirhams.

The rises recorded by the price of gold for the third week in a row, bringing the total rises during those weeks 11.5 dirhams per gram, which is the highest in 7 years.

The price of a gram of 24 carat gold was 199.5 dirhams, an increase of four dirhams, compared to its prices at the end of the previous week, while the price of a gram of 22 carat gold amounted to 187.5 dirhams, an increase of four dirhams, and the price of a 21-carat gram reached 178.75 dirhams, An increase of 3.5 dirhams, as well as the price of a gram of 18 carat gold to 153.25 dirhams, an increase of three dirhams.

In his turn, the Chairman of the Board of Directors of the Gold and Jewelery Group in Dubai, Director of the “Johara” Tawhid Abdullah Company, said, “The increases are due to the effects of global market variables and are the largest in their rates for seven years. If they continue in the coming days, their effects will be reflected more in the demand for Purchase of new artifacts, ”pointing out that“ the categories of dealers are currently divided between dealers looking for lower prices, and others buying for fear of registering additional new increases. ”

Source: emara

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