Gold prices drop for fourth week, boosting demand across UAE markets

Gold prices drop for fourth week, boosting demand across UAE markets

Dubai: Gold prices recorded a new and significant decline at the end of last week, with values ranging between 4.75 and 8 dirhams per gram for different carats, compared to prices at the end of the previous week, according to price indicators announced in Dubai and Sharjah. The decline continues for the fourth week in a row, bringing the total drop in the price of a gram of gold to 54.25 dirhams over four weeks.Officials from gold and jewellery …