Gold hits 18-month low, here are current rates in Dubai

Gold prices fell to their lowest since January 2017 on Wednesday as the dollar hit an over 13-month peak on demand emerging from concerns about Turkey's financial turmoil.
The greenback, in which gold is priced, has been bolstered by the euro's fall, which has been dogged by concerns over the European banks' exposure to Turkey.
The index tracking the dollar against a group of six major currencies hit highest since June 27, 2017 of 96.862 on Wednesday.
Spot gold was down 0.45 percent at $1,188.24 an ounce at 0406 GMT, after hitting its lowest since late January 2017 at $1,187.25.
24k gold was priced at Dh142.75 in Dubai and shoppers can buy 22k for Dh135.
US gold futures were down 0.47 percent at $1,195 an ounce.
"People have preferred to stay away from gold and park their money in other assets," said Hareesh V, head of commodity research, Geojit Financial Services, based in south Indian city of Kochi.
"If gold closes below $l,190, prices will extend their fall to $1,150 or even more ... We don't expect any major bounce back as all fundamentals are negative for gold."
The dollar has also strengthened against the Turkish lira, driven by worries over President Tayyip Erdogan's calls for lower interest rates and fraying ties between the United States and Turkey, a NATO ally. 
Erdogan said on Tuesday Turkey would boycott electronic products from the United States, retaliating in a row with Washington that has helped drive the lira to record lows.
Gold has fallen about 9 percent this year, pressured by rising US interest rates, a soaring dollar and failure to capitalize on its traditional role as a hedge against global and financial uncertainty. 
Instead, investors have opted for US Treasuries, seen as the ultimate safe haven, which meant they had to buy dollars. 
This has led to a consolidation by investors through liquidations in exchange traded products (ETFs) and record level of short positions.
Holdings in SPDR Gold Trust, the world's largest gold-backed ETF, fell 1.01 percent to 776.65 tonnes on Tuesday. Holdings have fallen to their lowest since February 2016 and down about 11 percent from its peak in April 
"The uptake (in gold) is fairly limited as downside potential for gold prices is still extremely strong for now," said Benjamin Lu, a commodities analyst at Singapore-based broker Phillip Futures.
Spot silver rose 0.1 percent to $14.97, after falling to its lowest since July 7, 2017 at $14.92. 
Platinum fell 1 percent to $789, its lowest in nearly a month. Palladium was down 0.6 percent at $891.47.