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Dubai gold prices jump over Dh11 per gram ahead of Dhanteras, Diwali
AE💼 Business

Dubai gold prices jump over Dh11 per gram ahead of Dhanteras, Diwali

Gold prices in Dubai increased by more than Dh11 per gram on Thursday, reaching a two-week high as 24K gold approached Dh500 per gram. Data from the Dubai Jewellery Group indicated that 24K gold traded at Dh498.75 per gram, up from Dh487.50 the previous day, while international spot gold rose 5.3 percent to $4,141 an ounce. The rally was attributed to a weaker US dollar and lower Treasury yields following recent US midterm election results, alongside heightened demand ahead of the Indian festivals of Dhanteras and Diwali. These cultural celebrations drive significant retail activity in the UAE’s gold market, particularly among Indian expatriates seeking jewelry and bullion. Market analysts noted that while central bank purchases remain robust, with the World Gold Council reporting a 42 percent increase in Q3 acquisitions, current data does not guarantee sustained future price hikes.

3 reports

Gulf News logoGulf NewsParty-aligned🔒Center
Dubai's Global Village announces free entry on November 7: Who can claim it?

Global Village in Dubai has announced a promotional offer providing free entry on November 7 for visitors who purchase tickets and attend on November 6. The promotion is strictly limited to 3,100 complimentary tickets, which are distributed on a first-come, first-served basis. To redeem the offer, attendees must present their November 6 admission ticket at the Information Booth located at the Gate of the World on November 7. This initiative aligns with the venue's five-day Diwali celebration schedule running from November 6 to 10. The festival program includes cultural performances, festive shopping, family activities, and a drone display, with specific daily highlights such as traditional music gatherings and a light show.

Bias read (Center): The article provides purely informational details regarding a commercial tourism promotion and event schedule without employing any evaluative language or political framing.

Khaleej Times logoKhaleej TimesParty-alignedCenter
Dubai gold prices jump over Dh11 per gram ahead of Dhanteras, Diwali

Gold prices in Dubai increased by more than Dh11 per gram on Thursday, reaching a two-week high as 24K gold approached Dh500 per gram. Data from the Dubai Jewellery Group indicated that 24K gold traded at Dh498.75 per gram, up from Dh487.50 the previous day, while international spot gold rose 5.3 percent to $4,141 an ounce. The rally was attributed to a weaker US dollar and lower Treasury yields following recent US midterm election results, alongside heightened demand ahead of the Indian festivals of Dhanteras and Diwali. These cultural celebrations drive significant retail activity in the UAE’s gold market, particularly among Indian expatriates seeking jewelry and bullion. Market analysts noted that while central bank purchases remain robust, with the World Gold Council reporting a 42 percent increase in Q3 acquisitions, current data does not guarantee sustained future price hikes.

Bias read (Center): The article presents standard financial market data and attributes price movements to economic indicators and cultural demand without employing loaded language or partisan framing.

Khaleej Times logoKhaleej TimesParty-alignedCenter
Sheikh Hamdan launches world's first city-wide tourism loyalty programme in Dubai

Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has introduced new measures aimed at enhancing the city’s appeal as a global destination. Key announcements include the launch of the Dubai Access Club, described as the world’s first city-wide tourism loyalty program designed for repeat visitors. This invitation-only scheme offers members exclusive experiences and benefits to encourage return trips. Additionally, the official Visit Dubai website will now allow tourists to apply for single and multiple-entry visas directly online. While the General Directorate of Residency and Foreigners Affairs retains authority over visa approvals, this integration streamlines the visitor process by consolidating bookings, information, and administrative tasks into a single digital platform.

Bias read (Center): The article presents standard promotional government announcements regarding tourism infrastructure and service efficiency without employing critical language, partisan framing, or contentious policy debates.

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