Malik Salameh – LiveGold prices rose in the UAE during last week’s trading, in conjunction with the decline of the US dollar, and expectations that the Federal Reserve will slow down the pace of raising interest rates.
Mubasher Info monitors price details during the past week.
The price of 24 carat gold opened trading last week at the level of 205.71 dirhams, and rose to the level of 212.63 dirhams.
The price of 22 carat gold recorded the level of 188.56 dirhams, and transactions closed at the level of 194.92 dirhams.
The price of 21 carat gold was about 180 dirhams, reaching the end of its transactions amounting to 186.06 dirhams.
The price of 18 carat gold rose to the level of 159.48 dirhams, compared to the opening price of last week’s trading of 154.28 dirhams.
During the beginning of last week’s trading, the price of 14 carat gold reached about 120 dirhams, and it ended its transactions at the level of 124.04 dirhams.
It is noteworthy that the ounce opened trading last week at the level of 1746 dollars, and closed the transactions at the level of 1800 dollars, with an increase of 3.09 percent.