The shine of Gold gets dull in Dubai. So what will retailers do after Gold slips below Dh200 overnight in Dubai?
Gold Under Pressure:
Gold is under pressure, and many feel it will go down to DH190. Gold slips below Dh200 overnight in Dubai new gold rate under Dh200 is a good opportunity for buyers, or they should wait for more downfall?
Shoppers in Dubai:
Gold Shoppers in Dubai were happy after the gold price dropped. New prices went down to 22k Dh200. However, even with this cut-out, many feel more fall is expected in Gold. The current price is Dh199.25.
Many in Dubai feels prices of Gold will remain under pressure this week and expect one more drop. So if you are planning to buy, you can wait for this week and then grab the opportunity of buying in bulk.
Waiting for more Deep:
Shoppers in Dubai are going to wait till today what happens to prices in Dubai. Shoppers are going to make a decision when rates come near Dh190-95. The decision of purchasing remains on hold till evening or week.
The lowest and Highest price of Gold in 2021:
The lowest price of Gold rates touched Dh191.75 on March 31 2021. The highest price of Gold was Dh217 on June 1. On September 16 2021, the Global Bullion market gold price down to $40 to $1756. Buying of Gold in Dubai remain subdued. Shoppers are waiting for more dip in Gold.
Fluctuation is going to remain for more time in Gold. Market not stable worldwide so we can expect more low price in Gold.
“In late March 2021, there was much concern that prices would keep dropping, but that dip delayed at the Dh191 mark. And left total prospective shoppers disappointed.” So to all shoppers, don’t miss the opportunity to buy Gold this year prices are attractive.