February 25, 2022
1 min read

Ukraine crisis: UAE gold prices jump to over Dh5 per gram

Gold prices have soared to more than AED5 per gram in the UAE on Thursday afternoon after Russia launched a full-scale military invasion on Ukraine…reports Asian Lite News

The Dubai Gold and Jewellery Group data showed 24K price soaring Dh5.5 to Dh235.75 per gram on Thursday afternoon, up from Dh230.25 from its Wednesday’s close, the Khaleej Times reported.

Among the other variants of the precious metals, 22K rose to trading at Dh221.5 per gram, 21K to Dh211.5 and 18K to Dh181.25.

Globally, spot gold jumped above $1,950 in the afternoon to trade at $1,955.85 at 2pm UAE, it was reported.

Meanwhile, Kiev has plunged into chaos after Russian forces launched a military offensive against Ukraine.

Terrified people have been queuing for hours to get fuel, food and medicine.

Many left Kiev to seek shelter in western Ukraine, building up kilometres-long traffic jams, Xinhua news agency reported.

Meanwhile, International Monetary Fund (IMF) Managing Director, Kristalina Georgieva has expressed deep concerns over the Ukraine crisis, noting that the multilateral lender is “assessing the implications”.

ALSO READ: NATO, US have no intention to deploy troops in Ukraine

“I am deeply concerned about what is happening in Ukraine and, first and foremost, impact on innocent people,” Georgieva said in a tweet on Thursday.

“This adds significant economic risk for the region and the world.”

“We are assessing the implications and stand ready to support our members as needed,” she added.

Gita Gopinath, First Deputy Managing Director of the IMF, said “we are very concerned about the human toll of this conflict and are assessing the potential impact on the global economy.”

Previous Story

Meet the oligarchs govt has targeted  

Next Story

NATO Leaves Ukraine in the lurch

Latest from -Top News

US Backs India’s Hunt for Pahalgam Terrorists

Gabbard’s “hunt down” message comes amidst escalating Indian response to the terrorist attack, saying it had clear “cross-border” links to Pakistan….reports Asian Lite News Tulsi Gabbard, Director of National Intelligence (DNI), on

Border Sealed, Hopes on Hold

A Hindu family from Balochistan’s Sibi was reportedly denied entry into India after the closure of border crossing….reports Asian Lite News Pakistan and India’s decision to shut down the Wagah-Attari border crossing

West visits Cambodia to strengthen ties 

The visit also addresses shared security concerns, including combating serious organised crime and human trafficking, and future defence cooperation initiatives  The UK and Cambodia are collaborating to advance climate initiatives and promote
Go toTop

Don't Miss

UAE@51: Better & Brighter Future Ahead

In his message on the 51st National Day, President Sheikh

Power outage: Kiev Mayor warns of evacuations

Klitschko said that while authorities are doing “everything” to keep