Spot gold dropped 0.41 percent to $1637.35 an ounce at 9.25 AM UAE time (gold stocks available to buy). Prices dropped as much as 1% to $1,626.41 during the session. The price of 24,000 grams of gold dropped by 1 dirham to 198.25 dirhams a gram on Monday, when the UAE market opened. Similar results were seen for 22k, 21k, and 18k gold, which fell by one dirham to AED 196.55, AED 177.5, and AED 152.25, respectively. This is the lowest level recorded since April 2020.