Gold prices in the UAE have reached a record high, rising by nearly five dirhams per gram today. The price of 24-carat gold increased to AED 540.31 per gram, up from AED 534.15 yesterday. Similarly, 22-carat gold rose to AED 495.44 per gram, compared to AED 489.64 the previous day.
At the latest rates, one pound (8 grams) of 22-carat gold costs AED 3,963.52, which is approximately ₹96,908 at current exchange rates. Despite the sharp rise, gold remains cheaper in the UAE compared to Kerala, where the same quantity now costs around ₹1,01,600, reflecting a price difference of nearly ₹4,692.
In the UAE market, 21-carat gold is currently priced at AED 472.92 per gram, marking an increase of about five dirhams. 18-carat gold has risen to AED 405.36 per gram, up from AED 400.61 yesterday.
Following the price hike, purchasing one pound of gold jewellery in the UAE now costs over AED 4,300, which is close to ₹1.05 lakh in Indian currency. Just a day earlier, the same amount could be purchased for approximately ₹1.04 lakh. The continuous surge has caused concern among jewellers and gold buyers alike.
Gold Prices in Kerala
For the first time in history, gold prices in Kerala have crossed the ₹1 lakh mark. At the beginning of the year, gold was priced at ₹7,150 per gram and ₹57,200 per pound. As the year draws to a close, prices have climbed to ₹10,160 per gram and ₹1,01,600 per pound.
Gold prices have steadily increased almost every month this year, reaching levels considered unaffordable for many consumers. Today alone, prices rose by ₹1,760. Yesterday morning, 22-carat gold was priced at ₹99,200, which later climbed to ₹99,840 by afternoon trading.
