Relative decline in gold prices in the UAE

Gold and silver prices fell relatively in the UAE during trading on Thursday, amid investors' follow-up on the movements of precious metals in global markets, in anticipation of the release of US economic data that may affect monetary policy trends and interest rates, in addition to continuing to monitor developments in global financial markets.The price of a gram of 24 carat gold reached about 493.00 dirhams, while the price of 22 carat was about 456.50 dirhams, 21 carat about 437.75 dirhams, and 18 carat about 375.25 dirhams, while the price of 14 carat reached about 292.75 dirhams.In the silver market, the price of a gram was recorded at 6.96 dirhams, while the price of an ounce reached 216.36 dirhams, and the price of a kilogram reached 6,956.13 dirhams.