Gold price in United Arab Emirates: Rates on July 20
Abstract:Gold prices in the United Arab Emirates held steady on Monday, according to FXStreet data. The price per gram stood at 474.81 AED, nearly unchanged from 474.54 AED on Friday, while the per-tola price was 5,538.14 AED, also flat. FXStreet derives these daily rates by converting international USD/AED prices, noting that local rates may vary slightly. Gold is traditionally considered a safe-haven asset and hedge against inflation, often inversely correlated with the US Dollar and interest rates, though these broader factors did not drive a significant move in UAE prices on this day.
Gold prices remained broadly unchanged in United Arab Emirates on Monday, according to data compiled by FXStreet.
The price for Gold stood at 474.81 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 474.54 it cost on Friday.
The price for Gold was broadly steady at AED 5,538.14 per tola from AED 5,534.89 per tola on friday.
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
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