Dubai PR Network, Online Press Release from Dubai and Middle East
 
Jewellery & Watches(Lifestyle)
Filter PR by
  
Gold Price Hits a Two Year Low: Best Time to Invest in Gold
 

The volatility in gold rates that the market is currently witnessing presents a great opportunity for potential shoppers looking to invest in gold. As of today , the gold rate has fallen to AED 189/gm for 22K, which is a two year low since March of 2020.  The sudden fall in prices has been due to a 0.75% hike in federal interest rates by the USA, which had a cascading effect on the international gold rates. However, it is a valid assumption that this window of opportunity which has presented itself to the customers will be short lived and once the market stabilizes, the prices will shoot up again. Considering a global economic slowdown that is on the horizon, the position of Gold as a safe haven asset will be further solidified in the times to come. During the pandemic, gold rates had climbed as high as AED 235/gm in August of 2020, showing how the depreciation is almost always short-lived. There is almost a 20% decrease in prices compared to the highest post-pandemic gold rate, which was AED 234.50/gm in March of this year, which further establishes the fact that this is the best time to purchase gold. As the value of INR continues to slip further, it is a wiser choice for Indian expatriates to invest their assets in Gold due to its ever-increasing value, rather than the usual practice of sending money back to their home countries. 

Dubai’s longstanding stature as the city of gold has resulted in an increased spend by tourists on gold. The low gold rates in the UAE is especially attractive to Indian tourists, as the prices here are 12-15% cheaper compared to that in India.

In line with the upcoming festive season and to protect customers from any further fluctuation in prices, Malabar Gold & Diamonds has introduced ‘Pay 10% Advance’ offer. Customers can block the prevailing gold rate until the 23rd of October by paying just a 10% advance. If the gold rate goes up during this period, they can purchase gold at the booked rate and if the gold rate falls further, they can draw mileage from the low rate. The advance can be paid at any of our outlets across the UAE or at the comfort of your home through our Mobile App.  As the wedding and festive season draws near, we have also introduced a dazzling array of festive jewellery collection to add more sparkle to all your celebrations.  

Posted by : DubaiPRNetwork.com Editorial Team
Viewed 21496 times
PR Category : Lifestyle
Posted on : Friday, September 23, 2022  10:08:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Codebreakers Wanted! Unlock The Bremont Vault
Next Story : The Largest Showroom of Malabar Gold & Diamonds in Abu Dhabi...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
New Year, New Me with essence Products [8479-Views]
As Unique as your LOVE [8274-Views]
Tanishq Regional Expansion Gains Impetus with Its First Store in UAE's Capital [7327-Views]
Embrace this New Year with Catrice [7191-Views]
Spring 23 Women's Collection [5847-Views]
SAP Announces Q4 and FY 2022 Results [5420-Views]
Saudi Delegation Highlights Kingdom's evolving Global Growth story at World Economic Forum [4621-Views]
Arab Bank Group Reports Net Profits of $544.3 million for 2022, 25% Cash Dividends [4592-Views]
MGD - DSF Raffle Draw Winner [3997-Views]
More Events Target Clients on 3rd day of 6th Dubai Customs Week [3989-Views]
Tanishq Opens 7th Boutique in the UAE [3542-Views]
myAster – Region's 1st Integrated Healthcare Platform crosses 352k Downloads since Phase I... [3510-Views]
National Bank of Fujairah PJSC (NBF) – 2022 Results [3436-Views]
du Partners with Dubai Authorities to Operate State-of-the-art Drone Solutions through its... [3423-Views]
Discussed and On Display: Digital Innovations and Protective Clothing in Focus on Final Da... [3321-Views]
Union Coop signs MoU with CoTopia [3268-Views]
THE FITOUT unveils latest Exquisite Interior Work for Newby Tea Cafe in Abu Dhabi [3116-Views]
382 Health Facilities part of Dubai Health Authority's Single Electronic Medical File Init... [3054-Views]
Sunday Market Brunch at Le Gourmet gets Chinese Twist on Jan 22 [3030-Views]
My Olivanna [2858-Views]
New Therapies and HPV Vaccines Offer Hope in the Fight Against Cervical Cancer, But Regula... [2808-Views]
Thomas Pieters Tops the Leaderboard on Shortened Opening Day at Hero Dubai Desert Classic [2751-Views]
Dubai Cares Reflects on its 2022 Achievements, Highlights its Future Roadmap for Transform... [2649-Views]
Russian Compani will Participate in the 11th Largest International Construction Exhibition... [2632-Views]
Emirates College for Advanced Education Organizes “Education First” Forum to Design Qualit... [2550-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories