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 | 9,615.45 | 9,617.48 | |
| 24K | 317.00 | 316.50 | |
| 22K | 293.50 | 293.25 | |
| 21K | 284.00 | 283.75 | |
| 18K | 243.50 | 243.25 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 26 December 2024
Latest UAE Gold Prices News
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
Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped
U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold
Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
So far this year, gold prices have gained 19 percent and set a new record high of $2,483.60 on July 17
Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation
Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut
Progress on inflation could support gold prices to retest a new all-time high once more
