![]() ![]() LBMA Gold Prices for the last seven trading days are shown in the table below. This benchmark is regulated by the UK Financial Conduct Authority (FCA). The price set in the afternoon is called the LBMA Gold Price PM.Īt the time of writing (May 2020) participants in the auction include Bank of China, Bank of Communications, Coins ‘N Things, Goldman Sachs, HSBC, Industrial and Commercial Bank of China, INTL FCStone, JPMorgan Chase, Morgan Stanley, Standard Chartered, The Bank of Nova Scotia (Scotiabank), and Toronto-Dominion Bank. The price set in the morning is referred to as the LBMA Gold Price AM. The price is quoted in US dollars for a troy ounce (31.1034768 grams) of pure gold (24K). Two auctions are held every business day one at 10.30 am and another at 3 pm (GMT). This price setting mechanism is known as the London Gold Fixing.Įlectronic auctions establish the gold price. A benchmark price is set in London and is used as guidance to settle trades in markets around the world. It is important to note that gold is a commonly traded commodity and its price is set internationally. ![]() International Gold Price - LBMA Gold Price - Troy Ounce 30 days earlier 10 grams of 24k gold would have cost 2317.5 AED. The price of 10g of 24k gold in Dubai on Tuesday 12th, September 20.5 AED. This represents an increase of 1 AED per gram, or 0.43 %. 30 days earlier on Sunday 13th, August 2023 1 gram of gold was trading at 231.75 AED. On Tuesday 12th, September 2023 the retail cost of 1 gram of 24k gold was 232.75 AED. Retail gold rates over the previous 30 days in Dubai are shown in the table below. Historic Retail Gold Rate in Dubai - 1 Gram (AED)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |