Dubai gold prices drop further: time to buy?

  DUBAI – Gold prices in Dubai dropped by a dirham per gram on Tuesday (April 13) as global rates for the precious metal plunged further. The price for 24 karat gold in Dubai fell to Dh209.50 per gram on Tuesday morning. Retail prices for 22 karat gold in Dubai also fell by as much as one dirham per gram to Dh196.75, while 21 karat gold retailed lower at Dh187.75. The 18 karat gold price in Dubai also fell Dh0.75 to Dh161, according to Dubai Gold and Jewellery Group. Experts have said there is a big chance of gold prices increasing later this week if retail sales pick up. ICA/Expat Media
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