emirates7 - Gold prices decreased at the market opening on Thursday, with a decline of half a dirham per gram from their all-time high.

According to data from the Dubai Jewellery Group, the price of 24K gold was at Dh322.25 per gram at 9 am UAE time, down from Dh322.75 at Wednesday's market close. Other gold variants opened as follows: 22K at Dh298.25, 21K at Dh288.75, and 18K at Dh247.50 per gram.

Spot gold was trading at $2,660.20 per ounce, reflecting a slight increase of 0.12 percent at 9:05 am UAE time.

So far this year, gold prices have surged nearly 30 percent, driven by strong demand fueled by geopolitical tensions, central bank purchases, and expectations of interest rate cuts.