Gold prices inched higher further at the opening of the markets on Thursday after gaining Dh2 per gram yesterday.
The Dubai Jewellery Group data showed 24K trading at Dh265.75 per gram on Thursday morning as compared to Dh265.5 per gram at the close of the markets on Wednesday. Among the other variants of the yellow metal, 22K opened at Dh246.25, 21K at Dh238.25 and 18K at Dh204.25 per gram.
Spot gold was trading at $2,195.24 per ounce, up 0.19 per cent as investors digested comments from US Federal Reserve Governor Christopher Wallet on the interest rate cuts.
[Editor’s Note: For real-time gold rates, click on the widget below or visit KT’s dedicated Trading News page here.]
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