Dubai gold prices rise further; 22K now more than Dh295 per gram

Gold prices rose in Dubai for a second consecutive day at the start of this year.The Dubai Jewellery Group data showed 24K gold rising Dh1 to Dh319 per gram while 22K opened Dh0.75 higher at Dh295.25 per gram.Among the other variants, 21K and 18K gold were selling at Dh285.75 and Dh245 per gram, respectively, at stores across the emirate.Globally, spot gold was trading at $2,633.97 per ounce, up 0.36 per cent at 9.05am, UAE time.Traders and investors were awaiting more clues on the US Federal Reserve’s announcement about interest rate cuts and president-elect Donald Trump’s policies around tariffs on other countries.