Photo for illustrative purposes only. ARCHIVE

Dubai: Gold prices spike up to Dh1 per gram

​​Gold prices rose in the UAE and Asia as traders awaited critical US inflation data. As of 9:15 am UAE time, spot gold was trading at $1,884.21 per ounce. At the start of the UAE market, precious metal prices increased by Dh1 per gram. According to Dubai Jewellery Group data, 24K gold was trading for Dh228.25 per gram, a Dh1 increase from the previous night's closing rate. Among the other yellow metal variations, 22K opened at Dh211.25 per gram, 21K at Dh204.50, and 18K at Dh175.25 per gram. BKM/ Expat Media
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