Dubai is one of the largest gold trading hubs in the world, with a rich history and culture of gold trading. On February 14th, 2023, the gold rates in Dubai were as follows:
24 Karat Gold:
AED 224.75 per gram This is the purest form of gold and is considered to be of the highest quality. 24K gold is widely sought after by consumers due to its lustrous appearance and the fact that it is nearly 100% pure gold.
22 Karat Gold:
AED 208.25 per gram 22K gold is slightly less pure than 24K gold, with a purity of approximately 91.6%. It is commonly used in jewelry making due to its durability and is a popular choice among consumers.
21 Karat Gold:
AED 201.50 per gram of 21K gold is slightly less pure than 22K gold, with a purity of approximately 87.5%. It is often used in jewelry making due to its durability and is a popular choice among consumers.
18 Karat Gold:
AED 172.75 per gram of 18K gold is slightly less pure than 21K gold, with a purity of approximately 75%. It is widely used in jewelry making due to its durability and is a popular choice among consumers.
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In conclusion, the gold rates in Dubai on February 14th, 2023, were quite stable with 24K gold being the most expensive and 18K gold being the least expensive. The prices of gold are determined by a number of factors, including supply and demand, inflation, and monetary policy. It is important for consumers to keep an eye on the gold rates in order to make informed purchasing decisions.
