Dubai is known as the City of Gold. The gold market of Dubai is one of the most famous tourist attraction. Every year more than $75 billion gold is sold in the Dubai gold market because of the affordable gold rate in Dubai. Most of the people like to buy gold from Dubai. If you are planning to buy gold from Dubai, here are some of the things you need to consider. The gold market in Dubai and what factors contribute to the gold rate in Dubai Dubai has the biggest gold market in the world where you will find different shops. Gold trading is very important globally. It is considered as a safe trade for the investors. The Today gold rate in Dubai is affected by the following factors. 1. The gold price increases when the international demand for gold is higher. 2. There is a strong relationship between the price of gold and US dollar. When the value of the dollar decreases the rate of gold increases 3. With the increase in the oil prices, the rate of gold is increased. 4. Political crises negatively affect the local markets that make individuals invest in gold due to which the gold rate increases.
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