Gold Prices for 24K Cross AED 400 Per Gram
- Publish date: Friday، 18 April 2025
The gold prices for 24K crossed the AED 400 per gram threshold on Thursday, April 17.
Read More: Mall of the Emirates to Get $1.36B Makeover
The cost for 24K hit AED 395.75 per gram on Wednesday, April 16, according to the Dubai Jewellery Group data, which led analysts to expect the price to cross AED 400 per gram soon, which it did the next day.
The price jumped from AED 389 at the start of the week. The prices also increased for 22K, 21K and 18K to AED 372.75, AED 357.5 and AED 306.5 per gram, respectively on Thursday.
The appeal of gold has increased because of government sanctions, export controls, tariffs, investment restrictions, central banks's demands, the reduced rates by the Federal Reserve, and increased focus on rising government debt pile, according to Saxo Bank.
The risk of recession and global inflation pushed by the US trade tariffs has also increased the appeal of gold.