Gold Rate UAE
Gold rates in UAE are influenced mainly by the London Gold Market Fixing, which is the most renowned benchmark for gold prices worldwide. Locally, prices are determined by the Dubai Gold and Jewellery Group. In the UAE, gold is available in four purity levels: 24K, 22K, 21K and 18K.
| Type | Morning | Evening | Yesterday |
|---|---|---|---|
 Ounce |
9,649.44 | - | 9,532.84 |
| 24K |
318.50 | - | 314 |
| 22K |
294.75 | - | 290.75 |
| 21K |
285.50 | - | 281.50 |
| 18K |
244.50 | - | 241.25 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 23 September 2024
Latest UAE Gold Prices News
Declining interest rates globally, rising geopolitical tensions in the Middle East and the upcoming U.S. election boost gold to new high
The dollar index fell 0.05 percent to 100.56, making gold less expensive for other currency holders
Following the Fed's decision, the dollar fell to its lowest since July 2023 then recovered, rising 0.37 percent to 100.97
India's August gold imports surged to $10.06 billion, compared with $3.13 billion in July
Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting
The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders
The dollar fell to a one-week low, making gold less expensive for other currency holders
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
China's central bank held back on buying gold for a fourth month in a row in August, according to official data
The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent
Traders are on the lookout for the ADP employment report and jobless claims data due later in the day
So far this year, gold prices have gained over 29 percent, rising to a record high of $2,531.60 on August 20
Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut
The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations
Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain
Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction
Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
