Voice of Emirates – Gold reached a new high in global markets on Saturday, with the price of an ounce of gold reaching $4,219.11. It continued to strengthen its gains, supported by increased demand for safe-haven assets.
The price of a gram of 24-karat gold rose to $135.66. Meanwhile, 22-karat gold was priced at approximately $124.36 per gram, and 21-karat gold at $118.70. The price of a gram of 18-karat gold reached $101.75.
This rise was driven by an increase of $55.80 (+1.34%) compared to yesterday, continuing the yellow metal’s upward trend for the year. Over the past 12 months, it has achieved a significant gain of 59.06%.
Over the course of five years, gold prices more than doubled, increasing by over 136.3%. Data from the last decade indicates that gold has nearly tripled, reflecting its continued transformation into one of the most attractive assets for investors globally.
Gold and inflation rates
Gold continues to strengthen its position as a top safe-haven asset amid global economic turmoil, rising inflation, and volatile currency exchange rates. Experts confirm that gold’s continued price above $4,200 reflects strong demand, both from individual investors and central banks, which have increased their purchases in recent years.
Geopolitical concerns and rising market uncertainty are also driving investors toward gold, particularly given expectations of continued tight monetary policy in several major economies. This strengthens the demand for stable, long-term assets.
Daily data displays consumer price levels, including buying and selling prices, percentage changes from the previous day, and details of recent trades. Comparisons between different price ranges also provide a clearer picture of market activity and price trends.
Overall, current performance shows that gold is continuing its upward trajectory into 2025. This is supported by growing confidence in its role as a buffer against inflation and the volatility of the global economy.
