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 | 9,692.3 | 9,655.36 | |
| 24K | 318.50 | 321.25 | |
| 22K | 294.75 | 297.50 | |
| 21K | 285.50 | 288.00 | |
| 18K | 244.50 | 246.75 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 29 November 2024
Latest UAE Gold Prices News
Geopolitical risks stemming from the Russia-Ukraine war and the ongoing conflicts in the Middle East continue to raise safe-haven demand for gold
The U.S. dollar index lost some of its recent gains after rising 1.6 percent last week
Data on Thursday showed that U.S. producer prices picked up in October, adding to signs that progress toward lower inflation was stalling
The U.S. dollar rose to a one-year high while treasury yield rose to its highest since July
Markets currently await the release of the U.S. Consumer Price Index data
Higher inflation levels may force the Fed to a slower easing path, further supporting the dollar and impacting gold prices
U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election
The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election
Gold prices continued to decline as the U.S. dollar index was set for a slight weekly gain after Trump's election victory
Trump's victory fueled questions about whether the Federal Reserve may proceed to cut rates at a slower and smaller pace
U.S. dollar surged to a near four-month high in reaction to the U.S. election exit polls, making bullion less attractive for other currency holders
Despite markets largely expecting the quarter-point cut this week, gold prices may still see a reaction to the decision
Uncertainty surrounding the election and the U.S. central bank's policy decision could support gold prices this week
Gold prices have gained over 4 percent in October amid safe-haven flows spurred by Mideast tensions and U.S. election uncertainty
Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year
Markets are also bracing for a series of economic indicators in the coming daysÂ
Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold
Recent gains place the dollar on track for its best month since April 2022
U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices
Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025
Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy
Traders are pricing in an 87.7 percent chance of a 25-basis-point cut by the Federal Reserve in November
In China, investors are gauging the impact of the latest lending rate cut following reductions to other policy rates last month
