Latest gold, forex rates in UAE: Gold flirts with $1150 – Emirates 24/7

Gold rose towards its highest in nearly two weeks on Wednesday, as more sluggish US economic data supported views that the Federal Reserve would delay a rate hike to next year.   


Spot gold had risen 0.1 per cent to $1,148.16 an ounce by 0331 GMT (7.31am UAE time). The metal climbed to $1,151.20 in the previous session, its highest since September 24. Liquidity was thin in Asian hours with top consumer China out on a holiday.   


Data on Tuesday showed that US exports took a hit from an ailing global economy in August and imports from China surged, fuelling the largest expansion of America’s trade deficit in five months.     

 

Gold rates for October 07, 2015  







Daily

Morning

9:30am

 Afternoon

2pm

 Evening

5pm

 Late Evening

8pm

TT Bar

15830

 15815  15870  

24k

138.25  138.00  138.50  

22k

131.25  131.25  131.75  

21k

126.00  125.75  126.25  

18k

109.00  108.75  109.25  

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A softer dollar would make gold cheaper for holders of other currencies, while a delay in rate hike could also support non-interest-paying bullion.    


The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and warned that policies aimed at increasing demand were needed.    


Elsewhere, the value of China’s gold reserves stood at $61.2 billion at the end of September, down from $61.8 billion at end-August, the People’s Bank of China said on Wednesday.   


Among other precious metals, silver held steady, trading near a 3-1/2-month high of $16.08 reached in the previous session.    


Platinum ticked higher, while palladium was trading near its highest since June.

 


DD/TT RATES AT – 03.40 PM07 October 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.