iPhone | iPad
Android
Huawei
Five-time champions hold their nerve to claim victory by nine runs in the final over at Chandigarh
KT APPDOWNLOAD
UAE: Gold prices drop on the first trading day of the week
Spot gold was trading at $1,760.13 per ounce as of 9.10 am UAE time, down 0.15 per cent
Gold prices slightly dropped on Monday morning, but were still hovering near a three-week high scaled in the previous session.
Spot gold was trading at $1,760.13 per ounce as of 9.10 am UAE time, down 0.15 per cent.
In the UAE, the 24K fell to Dh213.25 per gram at the opening of the markets on Monday as against Dh214.0 per gram in the previous session. While 22K, 21K and 18K opened at Dh200.25, Dh191.0 and Dh163.75 per gram, respectively.
The dollar languished near three-week lows against its rivals, making greenback-denominated gold less expensive for other currency holders.
Benchmark US 10-year Treasury yields were hovering near a four-month low.
Data showed US consumer spending increased more than expected in June as Americans paid more for goods and services, with monthly inflation surging by the most since 2005.
India launched its first international bullion exchange on Friday as the world's second-biggest consumer of the precious metal tries to bring transparency to the market for the precious metal.
Physical gold buying eased last week in India as rupee prices rose to a three-week high, while the likelihood of fresh restrictions to tackle higher coronavirus cases clouded the demand outlook in top consumer China.
waheedabbas@khaleejtimes.com
ALSO READ:
More news from
Natasha Abbas is a British civil engineer who co-founded North 51, a project management consultancy in Dubai
People who are assessing your qualifications can quickly tell the difference between an authentic life narrative and a third-party account
Arab-Canadian public speaking coach and author of The Million Dollar Speaker Maher Elusini on how to make your speech command value for time and money
The legendary Greek-Russian conductor Teodor Currentzis, who is all set to perform at the Dubai Opera next week, on music transcending cultural and language barriers
Not every kid is meant to go to university or college. So, it makes sense to teach them entrepreneurial skills early
There are also increasing accounts, on social media and online forums, of tourists and residents across the city having to pay inflated prices for taxis
When feeling stuck in life, it's important to revise your thinking patterns
