Dubai, Aug. 24 -- Gold prices in the United Arab Emirates (UAE) and Saudi Arabia increased during the week of Sunday, August 17, to Saturday, August 23, reflecting global market movements and expectations of a possible interest rate cut by the United States (US) Federal Reserve.

In the UAE, 24-carat gold traded between Dirham 402.25 (Rs 9,565.44) and Dh 406.50 (Rs 9,666.51) per gram through the week, closing at Dh 406.25 (Rs 9,660.56) on August 23. The 22-carat variety ended at Dh 376.25 (Rs 8,947.17), while 21-carat and 18-carat settled at Dh 360.75 (Rs 8,578.58) and Dh 309.25 (Rs 7,353.92) respectively, according to theDubai Jewellery Group.

In Saudi Arabia, 24-carat gold ranged from Saudi Arabian Riyals (SAR) 413 (Rs 9,608.25) to SAR...