Hyderabad, April 17 -- Gold prices in Dubai, United Arab Emirates (UAE) hit a record high on Thursday morning, April 17, with 24-carat gold surpassing 400 Dirham per gram for the first time amid global economic uncertainty.

According to the Dubai Jewellery Group, 24-carat gold opened at Dh 402.75 (Rs 9,365.18) per gram. The 22-carat variant was priced at Dh 372.75 (Rs 8,665.43) per gram, while 21-carat and 18-carat were priced at Dh 357.5 (Rs 8,310.91) and Dh 306.5 (Rs 7,125.30) per gram, respectively.

Gold prices had remained stable earlier in the week, rising by just Dh 1 between Monday, April 14, and Tuesday, April 15.

The lowest price since Tuesday, April 1, was Dh 356.25, showing an increase of Dh 47.5 since then.

The price surge...