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Gold prices see another big drop in Dubai on Thursday
Gold prices continued their losing streak, dropping to Dh227.0 per gram at the opening of the markets in the UAE on Thursday. The Dubai Jewellery Group data showed 24K trading at Dh227.0 per gram on Thursday at 9am as compared to last night’s close of Dh228.5 per gram. Similarly, 22K fell to Dh210.25, 21K to Dh203.5 and 18K to Dh174.5 per gram. Globally, spot gold was down 0.15 per cent to $1,874.8 per ounce by 9.10am UAE time, after shedding 1.4 per cent, its biggest daily decline in two months, on Wednesday. Vijay Valecha, chief investment officer, Century Financial, said the market is adjusting to the ... (full story)