The gold prices at the opening of the markets in the United Arab Emirates (UAE) on Monday morning, January 29, spiked by one Dirham (Rs 22.64) per gram.

The Dubai Jewellery Group data showed 24-carat gold price trading at Dirhams 245.50 (Rs 5,557.21) per gram on Monday, as compared to Sunday night’s, January 28, close at Dirhams 244.50 (Rs 5,534.58).

22, 21, and 18-carat gold were priced at Dirhams 227.25 (Rs 5,144.25), Dirhams 220 (Rs 4,980.13), and 188.50 (Rs 4,267.07) per gram, respectively, at 9:15 am UAE time.