Abu Dhabi – Mubasher: Gold prices rose in the UAE on Wednesday, ahead of the release of US inflation data, which could help determine the path of interest rates by the Federal Reserve.

During today's trading, the price of 24-karat gold rose to 344.82 dirhams per gram, equivalent to $93.89, compared to yesterday's closing price of 344.32 dirhams per gram .

The price of 22-karat gold increased to 316.10 dirhams per gram, equivalent to $86.07, from 315.62 dirhams per gram .

21-karat gold recorded about 301.72 dirhams per gram, equivalent to $82.15, up from 301.28 dirhams per gram .

The price of 18-karat gold rose to 258.62 dirhams per gram, equivalent to $70.42, from 258.24 dirhams per gram .

The price of an ounce of gold reached approximately 10,724 dirhams, equivalent to $2,920, while the price of a gold pound reached 2,413 dirhams, equivalent to $657.2, and the price of a kilogram of gold reached 344,813 dirhams, equivalent to $93,884 .