Today: 23 August 2025
25 February 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

UAE aims to become Dh3 trillion economy by 2030

Next Story

Egypt, GCC ink deal on political consultations mechanism

Latest from -Top News

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Qatar: Syria’s stability key to region

Qatar, speaking for the Arab Group at the UN, urged unity and sovereignty for Syria as regional diplomacy, UN warnings, and fragile ceasefires highlight a precarious crossroads….reports Asian Lite News Qatar, speaking
Go toTop

Don't Miss

UAE, France discuss military cooperation

The parties also reviewed the developments of a number of

Abdullah, Cleverly Discuss Regional Developments

H.H. Sheikh Abdullah underscored the importance of doubling efforts made