Gold prices dropped by nearly three dirhams per gram in the UAE on the first trading day of the week. In the UAE, the 24K variant of the precious metal was trading at AED 286.75 per gram at 9 am on Monday, compared to AED 289.5 per gram at the close of the markets on Friday. Meanwhile, 22K, 22K, and 18K declined to AED 265.5, AED 257.0, and AED 220.25 per gram, respectively.