Hyderabad, May 5 -- Gold prices saw a notable surge at the opening of the markets in Dubai, United Arab Emirates (UAE), on Monday, May 5.

According to data from the Dubai Jewellery Group, the price of 24-carat gold rose to 392.50 Dirham (Rs 9,004.11) per gram, up from Dh 390.50 at Sunday evening's close on May 4.

Other gold variants saw price increases as well:

22-carat: Dh 363.25 (Rs 8,333.10) per gram, up from Dh 361.50 per gram

21-carat: Dh 348.25 (Rs 7,989.00) per gram, up from Dh 346.75 per gram

18-carat: Dh 298.50 (Rs 6,847.71) per gram, up from Dh 297.00 per gram

Meanwhile, in the international markets, spot gold was trading at USD 3,263.48 (Rs 2,75,477.96) per ounce, reflecting a 0.7 percent increase.

"The US Dollar is look...