Latest gold and forex rates in UAE: Will Fed pull trigger on gold? – Emirates 24/7


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Gold dipped slightly to near a one-month low on Tuesday as investors kept to the sidelines, waiting for the Federal Reserve’s outlook this week on US interest rates.     


Spot gold had eased 0.1 per cent to $1,106.80 an ounce by 0331 GMT, just above a one-month low of $1,098.35 reached last week. US gold was trading at $1,106.20.    


Investors are waiting for a statement from the Fed on Thursday, following a two-day policy meet, to see whether the US central bank will raise rates for the first time in nearly a decade.    

Gold rates for September 15, 2015

 







Daily

Morning

9:30am

Afternoon

2:00pm

Evening

5:00pm

Late Evening

8:00pm

 

TT Bar

15330

 15330    

24k

134.00  134.00    

22k

127.50  127.50    

21k

122.25  122.25    

18k

105.75  105.75    

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Lack of clarity over the timing of a rate hike has weighed on gold all year, sending it down over 6 per cent.     


Pimco, one of the world’s largest asset managers and advised by former Fed chairman Ben Bernanke, puts a “below 50 per cent chance” the Fed will raise short-term interest rates this week, Chief Investment Officer Dan Ivascyn told Reuters on Monday.      


A small majority of forecasters are sticking to their guns and predicting the Fed will pull the trigger this week. But traders warned gold was unlikely to make a significant move before the Fed decision.    

DD/TT RATES AT – 07.30 AM – 14 Sep 2015

DD/TT RATES AT – 03.45 PM – 14 September 2015

 


 
Weekly Gold Rates 







 

 

 

Weekly

rates

 

 

 

Saturday

 

 

 

Sunday

 

 

 

Monday

 

 

 

Tuesday

 

 

 

 

Wednesday

 

 

 

 

Thursday

 

 

 

 

Friday

 

TT Bar

16430  No 16460 16530 16610 16130 16620

24k

143.50  Trading 143.75 144.25 145.00 141.00 145.00

22 k

136.25   136.50 137.00 137.50 133.75 137.50

21 k

130.50   130.75 131.25 132.00 128.25 132.00

18 K

113.00   113.25 113.50 114.00 111.00 114.00

   
Get retail Gold and Forex rates with Emirates 24|7 

 

Rates will be updated twice daily

Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian rupee, Pakistani rupee, Philippine peso, Sri Lankan rupee, sterling pound, euro and may more against the UAE dirham (US dollar).

The rates for 24 carat, 22 carat, 21 carat, 18 carat and Ten Tola (TT) Bar (11.6638038 gram) will be updated four times a day to keep them fresh and relevant for buyers of gold bars and gold jewellery in the UAE.

The update times for Retail Gold Rate in Dubai will be at 9.30am, 2.30pm, 5pm and 8pm (unless there is drastic fall or rise in the international rate).

On Saturdays, the gold rates will be updated at 9.30am and this rate will stay static through Saturday and Sunday until the international market reopens on Monday.

Please note that the retailers add making charges separately to the quoted rate of gold.

The Retail Gold Rate in Dubai is being supplied by the Dubai Gold and Jewellery Group.

Foreign Exchange Rates

The Foreign Exchange Rates of major currencies will be updated twice each working day at around 8:30am and 3:30pm.

These will cover both the Remittance Rates [for sending money] and the Currency Notes Rates [for buying and selling of currency notes].

The Foreign Exchange Rates are being supplied by UAE Exchange.