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 | 9,640.59 | 9,532.84 |
| 24K |
318.50 | 317.25 | 314 |
| 22K |
294.75 | 293.75 | 290.75 |
| 21K |
285.50 | 284.25 | 281.50 |
| 18K |
244.50 | 243.75 | 241.25 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 23 September 2024
Latest UAE Gold Prices News
Asia gold demand surges as buyers turn to bullion as a hedge against geopolitical and economic uncertainty
Upcoming U.S. consumer price index data may impact Fed's policy rate projections
Data reveals that China has held off buying gold in May after 18 straight months of purchases
Shift in Europe and Canada's key policy rate bolsters bullion demand
Lower dollar index and U.S. Treasury bond yields support bullion's rise
Softer job openings data, manufacturing PMI spur safe-haven demand for gold
Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates
Strong dollar, possible interest rate hikes are major risks to gold prices
Gold prices achieved a record high of $2,449.89 but have since lost over $100
Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices
Traders are currently pricing in a 73 percent chance of an interest rate cut in November
Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year
The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies
The dollar index maintained its downward trend, declining 0.03 percent on Monday
Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies
U.S. consumer prices increased less than expected in April, which supported bullion
Decline in inflation indicators could bode well for the precious metal
Stagflationary risks in the U.S. continue to support gold prices
U.S. employment data supported gold prices, which rose over 2 percent by the end of last week
Softer U.S. jobless claims data contributed to the optimism surrounding gold
