The Times of India

Dubai gold prices crash: 22K drops below Dh490 after global sell-off, Eid buyers rush in

Dubai's gold prices have significantly dropped, with 22K gold falling below Dh490 per gram, offering a welcome relief for shoppers ahead of Eid. This decline follows a global sell-off in bullion markets, driven by a stronger US dollar and shifting interest rate expectations. While some buyers are rushing in, others are adopting a wait-and-watch approach, anticipating further price easing.