Russia-Ukraine Disaster: Gold costs in UAE soar over Dh5 per gram – Information


Globally, spot gold jumped above $1,950 within the afternoon to commerce at $1,955.85 at 2pm UAE.



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Revealed: Thu 24 Feb 2022, 2:59 PM

Final up to date: Thu 24 Feb 2022, 9:57 PM

Gold costs jumped greater than Dh5 per gram within the UAE on Thursday afternoon after Russia launched navy operation in opposition to Ukraine.

The Dubai Gold and Jewelry Group knowledge confirmed 24K worth hovering Dh5.5 to Dh235.75 per gram on Thursday afternoon, up from Dh230.25 from its Wednesday’s shut. Among the many different variants of the valuable metals, 22K rose to buying and selling at Dh221.5 per gram, 21K to Dh211.5 and 18K to Dh181.25.

Globally, spot gold jumped above $1,950 within the afternoon to commerce at $1,955.85 at 2pm UAE.

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“Gold is a safe-haven asset together with the US greenback, and that is its day. We may inevitably see new all-time highs in gold,” mentioned Jeffrey Halley, a senior market analyst at Oanda.



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