Gold prices experienced a drop in Dubai’s early trading on Tuesday, influenced by rising political uncertainties following the recent Biden-Trump debate.
Data from the Dubai Jewellery Group revealed that 24K gold was trading at Dh281.75 per gram at 9am, marking a decrease of Dh0.25 per gram. Other gold variants also saw declines, with 22K trading at Dh261.0 per gram, 21K at Dh252.5 per gram, and 18K at Dh216.5 per gram.
On the global market, gold was priced at $2,326.78 per ounce at 9:10am UAE time, reflecting a 0.23% drop.