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 | 9,876.67 | 9,794.57 | |
| 24K | 325.50 | 322.75 | |
| 22K | 301.50 | 298.75 | |
| 21K | 291.75 | 289.25 | |
| 18K | 250.00 | 248.00 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 24 November 2024
Latest UAE Gold Prices News
U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
Can the Fed intervene to calm global markets?
Japanese stocks rebounded sharply on Tuesday after their biggest single-day decline since the 1987 Black Monday sell-off in the previous session
U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market
Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September
Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East
If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally
The Bank of England and the Bank of Japan's policy meetings are also due this week
Investors will closely watch the Fed's interest rate decision on Wednesday, with no change in interest rates expected
U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September
Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
Fed officials noted that the path toward looser monetary policy has become shorter
Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting
Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool
Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation
Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year
Global physically backed gold exchange-traded funds saw inflows for the second month straight in June
