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 | 9,653.71 | 9,615.45 | |
| 24K | 318.25 | 317.00 | |
| 22K | 294.50 | 293.50 | |
| 21K | 285.25 | 284.00 | |
| 18K | 244.50 | 243.50 |
*Source: Dubai Gold & Jewellery Group.
All prices are in AED
Last update: 27 December 2024
Latest UAE Gold Prices News
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
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
China's central bank marked its 18th consecutive month of gold purchases in April
Gold prices have established a support base around the $2,280 mark over the past week
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Powell's assurance that further rate hikes were off the table will help bullion
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
