Gold prices dip Dh10 in a month , 24k priced at Dh155 in Dubai

Gold edges down on firm dollar , Retail 24k priced at Dh 155 in Dubai and Dh144 per gram for 22ct gold this morning . Check today’s rate here.

Gold fell more than 1 percent, retreating for a third consecutive day to hit its lowest level this year as the dollar rallied on higher US borrowing costs.

Gold lost 1.6 percent in spot trade at $ 1290.91 an ounce, after earlier hitting its lowest level since late December at $ 1289.40 an ounce.

The yellow metal fell $ 27.90, or 2.12 percent, in the settlement of US contracts for delivery in June to $ 1290.30 an ounce.

The US dollar rose against a basket of currencies as yields on US 10-year bonds rose above 3 percent, driving borrowing costs higher in a number of other countries

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