Dubai – Mubasher: Gold prices in the UAE decreased on Monday, amid a decline in the domestic demand.
Gram’s price of the 24-Karat gold went down AED 0.51 to AED 155.41, while the gram’s prices of 22-Karat, 21-Karat, and 18-Karat gold dropped to AED 142.46, AED 135.99, and AED 116.56, respectively.
On the other hand, gold ounce’s price increased by 1.3% to AED 4,833.83.
The UAE’s gold market slowed down on the back of levying the VAT and the decline in tourists number.
