DUBAI, UAE: The gold prices fell nearly three dirhams per gram in the United Arab Emirates (UAE) on the first trading day of the week.
In the UAE, the 24K variant of the precious metal was trading at Dh286.75 per gram at 9:00 am on Monday as compared to Dh289.5 per gram at the close of the markets on Friday.
While 22K, 22K and 18K fell to Dh265.5, Dh257.0 and Dh220.25 per gram respectively.
Despite the drop in prices, the yellow metal prices are quite high after a rally over the past few months, reaching an all-time high earlier this month due to aggressive buying by central banks in February.
