Investors will keep a close watch on the Reserve Bank's monetary policy decision to be announced later this week
Investors will keep a close watch on the Reserve Bank's monetary policy decision to be announced later this week
Spot gold was down 0.47 per cent at $2,030.1 per ounce
Benchmark index is up 4% this year after surging 24% in 2023
Benchmark gains 2.7% last month to close at 4,169.1 points
Prices jumped one dirham per gram on Thursday ahead of the US Federal Reserve announcement about interest rates
Safe-haven motives kept demand elevated in the fourth quarter, although the price rise held back some investors
The price of gold hit an all-time high at $2,135.39 an ounce at the end of 2023, which sent demand sliding
The yellow metal prices on Wednesday were headed for their first monthly dip in 4 months
Market capitalisation increased by 18% to Dh688 billion
Known as the 'City of Gold', Dubai attracts shoppers from around the world who come to buy gold and jewellery from the emirate