Gold prices likely to gain this week on US hiking capital gains tax
Waheed Abbas/Dubai
Photo: Wam
Dubai gold could gain Dh5 a gram this week; 24K may touch Dh220.
Analysts are bullish about gold prices this week, expecting US President Joe Biden to propose raising capital gain tax in the world’s largest economy which will give fillip to the precious metal.
In Dubai, it is expected that the yellow metal could gain as much as Dh5 per gram this week. On Friday, 24K retail price in Dubai stood at Dh215.25 per gram, 22K at Dh202.25, 21K at Dh193.0, and 18K at Dh165.25, according to Dubai Gold and Jewellery Group data.
Gold Expected to Gain This Week on US Hiking Capital Gains Tax
albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
India: Rupee Threatened to Fall Due To COVID Cases Surge
albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.