Dubai Gold Rate is presented in Dubai Currency, which is the United Arab Emirates Dirham (AED). The market prices include both the values for physical items and commodities market derivatives.
It is worthwhile to get acquainted with both of the opportunities in the case of an investment decision. When selling or purchasing physical items the products naturally are concrete and the investment action is simpler. On the other hand investing in the commodities market includes operating via a bank or investment institution. There are at least two different rates or prices that can be found regarding the topic.
- The retail price of gold. The retail gold price in Dubai is fixed by the retail sellers or dealers twice a day. These parties include for instance, The Dubai Gold & Jewellery Group and Dubai Jewellers. In the case of the retail rate it is important to know the purity of the gold to be purchased or sold (measured in carats, 22 or 24). Secondly, the weight of the specimen in question. Gold in retail is also sold in bars. Bars of gold consist of a measure in which the gold is cast.
- Dubai Gold Rate in the commodities market. Dubai Gold Rate is determined by the supply, demand and speculation in the commodities market. There are currently two products in the commodities market, gold futures and options on gold futures. Regarding these products, Dubai Gold Rate in the commodities market is set by the Gold & Commodities Exchange (DGCX) of Dubai, which has been established in 2005 by the Dubai Multi Commodities Centre (DMCC), Financial Technologies (India) Limited and the Multi Commodity Exchange of India Limited (MCX). The DGCX and the DMCC form the basis of trading gold and other commodities as futures and derivatives (such as futures and options) in the Dubai Market. You can find more details in our main page or browse through the product information in the commodities market product specifications. In overall, the IMF and central banks are significant parties that affect the gold rate at a given time globally.
Nevertheless, what cannot be seen initially in the Dubai gold rate is that Dubai enjoys tax-holidays and is a free trade area. In practice, the gold sold in Dubai is of high quality and low price in physical items such as jewelry. It is advisable to consider whether focusing on investing in gold in the Dubai Gold Market or purchasing physical items to be sold elsewhere.
Find recent Dubai Gold rate in AED (UAE currency) in our main page, where we have combined today’s gold rate in Dubai from various sources. The rates and prices are updated frequently.