Dubai: There is no stopping gold’s climb up the price ladder – the question is whether it will hit $2,300 an ounce over the next few days itself.
This morning, gold had shot past $2,250 and soared to $2,265. Currently, it’s at the $2,260 levels. So far, it’s up by more than $15 in active trading.
The UAE gold rate is at Dh253.5 a gram for 22K, gaining on the Dh250.5 that’s been there since late Friday (March 29). It was on Friday that gold prices gained more than $40 and then set a new high of $2,230 plus levels. Today’s push past $2,250 continues the climb.