Dubai, Oct. 31 -- Gold prices in the UAE recorded slight gains on Friday, October 31, supported by a stronger global outlook, firm central-bank demand, and the latest interest rate cut by the US Federal Reserve.

According to the Dubai Gold and Jewellery Group, 24-carat gold was priced at Dirham 482.75 per gram, up from Dh 479 on Thursday. Rates for 22-carat, 21-carat, and 18-carat gold stood at Dh 447, Dh 428.50, and Dh 367.50 per gram, respectively.

During the day, both morning and afternoon rates remained steady at Dh 482.75 for 24-carat before inching higher in the evening. Similar movements were seen across other purities, with stable rates earlier in the day followed by a modest rise by close of trade.

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