Gold rates for AS on 16-05-2025 Rate in AED per GM
- 24K AED 387.75
- 22k AED 359.25
- 21k AED 344.50
- 18k AED 295.25
The United Arab Emirates (VAE) has a thriving gold market and settles firmly as an important player in the global gold trade. With more than to the third of his import consisting of Gold -Herwaarden, the VAE has emerged as an important hub for gold transactions. The primary markets for the VAE are India, Switzerland and the US, with Golden Imports that reach a significant $ 20 billion in 2019, which marks a remarkable increase in the previous year.
Dynamics of supply and demand
In the VAE, the demand for gold was mainly the consumer purchases of jewelry, which represent almost half of all gold transactions. In addition, institutional investors and banks play a role crucial, substantial acquiring quantities of gold during periods of economic uncertainty or when profit potential occurs. Evite domestic production, which is supplemented with import, mainly from Africa and Europe, the VAE is highly dependent on global markets to meet the requirements for gold facilities.
Future Trajecories
Looking ahead, the gold market of the VAE is ready to navigate in various geopolitical and economic factors that can influence the trag sectory. Fluctuations in oil prices and concerts Regasngnding Global Economic Growth may influence the demand for gold products. Moreover, the continuous transition from physical gold to digital investments can be challenges for the position of the VAE, a prominent trade hub for price metals. Nevertheless, the robust infrastructure of the nation, the supporting government policy and active involvement in international initiatives for promising prospects for its continuous dominance in industry identify.
Underestimating carat/karats
The purity of gold is measured in carat or karats (symbol/abstation k), with pure gold referred to as 24k. Pure gold, although deformable and ductile, is not suitable for jewelry because of the softness. That is why gold is usually alloyed with other metals to improve its sustainability. Here is a breakdown of common golden alloys:
- 24K: Pure gold.
- 22K: Alloy that fills 22 parts pure gold and two parts other metals, with gold percentage of 91.7 (22/24).
- 21k: Alloy Budising 21 parts Pure gold and three parts other metals, with gold percentage of 87.5 (21/24).
- 18k: Alloy compost of 18 parts pure gold and six parts other metals, with gold percentage of 75 (18/24).
- 14k: Alloy consisting of 14 parts of pure gold and ten parts other metals, with gold percentage of 58.3 (14/24).
- 9k: Alloy has nine parts of pures gold and 15 parts oher metals, with a gold percentage of 37.5 (9/24).
Follow Emirates 24 | 7 on Google News.
