Gold Price

Gold has always been the metal that humans have had a close relationship with. This yellow metal with its unique properties has caught the attention of men centuries back and even today gold has a special place in everyone’s heart. Not only the kind of adornment that it is but also the value that it has makes it the popular choice across the world. Gold has numerous uses and is, therefore, is in great demand from various fields. Apart from jewellery and investments, gold is also used in certain electronics and other related stuff.

Today, Gold bullions have a major part to play in investments. They are used by many for that so-called security that everyone longs for. Even though there are a lot of uncertainties in this domain gold is still considered an asset for a household.

Why Gold?

Now, this is something that many ask. It is not just gold that is out there with a shimmering look and immense value. There are other elements like silver, platinum, and diamond that have the potential to be a good investment for you. Then why should you go for gold?

• Gold is dollar-denominated: Yes, gold is dollar-denominated meaning it is inversely proportional to the price of the US dollars. US dollars therefore have a good hold over the price of gold and as the whole economy across the world is somehow dependent on the US dollar, it works in proportion with it. But in the case of gold, when the US dollar is weak the price of gold rises, thereby going against the inflation rate. Thus, in times of crisis gold can come to your rescue more than the other metals.
• Constant demand: As mentioned in the beginning gold has a demand like no other metal. Diamond and platinum are indeed costlier than gold, but the demand for gold always remains high due to their multiple uses. After 2019, a surge in demand for gold by jewellery industry around the world was observed. Similar trends were seen in the electronics and medical industry as well. Today, as the world is plunged into a health crisis, the medical industry requires more medical devices, and gold’s demand is rising as it is used in the manufacturing of many medical devices. And like any other product gold is also influenced by the concept of ‘demand and supply’. This is one of the best times for you to invest in gold. With the live gold rate, you might be able to reap a good harvest.
• Enduring value: Gold is your friend in your times of need. Yes, it is a widely known fact that gold has the special capability to endure even the most unstable situation of all. Be it economic or political instability, gold can be a comfort for investors during the time. When there is a fall in real estate, stock, equities, and bonds, gold is known to keep its value almost unchanged dealing with the odd times. Investing in this precious metal can be one of the best decisions that you make in your life.

Our Gold Price Charts

SAK jewellery is one of the most sought-after gold investment places in the UAE. With our reliable service and up-to-date gold price charts, you can completely rely on us for gold investments without a hint of doubt. We assure you the best selling price in all of the UAE.

Our gold price charts are ever-changing with the latest live gold rates. As we believe in complete client satisfaction and benefits, our gold price charts are live 24/7 accommodating changes based on the international bullion markets. Buying gold rate would never be a point of content for you with our service.

You can refer to the gold price charts available on our website anytime for knowing the selling price of gold in Dubai or the live gold rate in the international markets.

For easy understanding of the live gold rates, just click on the buttons on the top of the page to see the chart pop-up. You will be able to observe the live gold rate per ounce in terms of US dollars. This is because investors tend to track gold prices in ounces rather than grams. In a troy of an ounce of gold, there are 31.103 grams (31.1034768g) of gold. It is not only gold but also other elements like platinum and silver that have their prices gauged in terms of ounces. We have the rates of up to 7 days stored for you all the time. This way you can see the trend of gold rates that happened in the week before.