Gold shoots up

Gold seems to shooting for the sky. It has been rising steep since last few months. From $1,440/ Oz in April 2011 to $1,870/Oz in August 2011 means about 30% increase.

The reason seems to be weak US Dollar and slow economy, European crises and stock market crashes.

The current Foreign Exchange and Gold rates are:

. 

Forex Rates (AED)

Currency             Buy            Sell

US Dollars            3.653         3.685

Euro                     5.171         5.396

Pound                  5.933         6.167
. 

Gold Rates (AED)

Type             Today              Yesterday

TT Bar           25570.00         25700.00

24 Carat       221.25             222.50

22 Carat       208.25            209.50

Indian Rupee – 12.31
Pakistani Rupee – 23.41
Bangladeshi Taka – 20.30
Sri Lankan Rupee – 29.75
Philippines Peso – 11.51

Comments are closed.