Planning to buy gold this Diwali? 22k priced at Dh140.25 in Dubai

Gold prices were steady in early trade on Monday.

Gold prices were steady in early Asian trade on Monday as the dollar eased, while investorsare tuned in to the US congressional elections on Tuesday. 
22k gold can be bought at Dh140.25 in Dubai and shoppers can get 24k gold at Dh149.25 during the festive season. 
US gold futures was up 0.1 per cent at $1,234.6per ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 per cent.
In equities, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent in early trades amid worries about tense Sino-US trade relations.  Investors are now focused on the US congressional elections on November 6, which will determine whether the Republican or Democratic party controls Congress, with some predicting increased market volatility on the outcome.
US job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labour market tightening that could encourage the FederalReserve to raise interest rates again in December. The U.S. and China are not close to a deal to resolve their trade differences, the White House's top economic adviser said on Friday, adding that he was less optimistic than previously that such an agreement would come together. 
British Prime Minister Theresa May's office has dismissed as "speculation" a newspaper report that suggests an all-UK customs deal will be written into the legally binding agreement governing Britain's withdrawal from the EU. 
Hedge funds and money managers raised their net short position in gold by 18,723 contracts to 45,622 contracts, according to U.S. Commodity Futures Trading Commission data onFriday. This was the highest in three weeks. Physical gold demand in India was lacklustre last week with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.
Barrick Gold shareholders have voted overwhelmingly in favour of the Canadian miner's $6.1 billion acquisition of Africa-focused Randgold Resources, three people familiar with the preliminary vote count told Reuters onFriday.
 

• Gold and Forex