Dubai gold prices hold near record highs after sharp rally

By Faizal

03 Oct 2025

Dubai gold prices hold near record highs after sharp rally

Dubai: Gold prices in the UAE stayed close to record highs on Friday morning, following a sharp rally over the past week. The 22-karat rate stood at Dh429.00 per gram, while 24-karat was priced at Dh463.25.

Just days earlier, Dubai gold touched new peaks when 24-karat hit Dh452.25 and 22-karat Dh418.75 per gram. In India, 24-karat gold was trading at ₹11,869 per gram, while 22-karat rose to ₹10,880.

Globally, spot gold steadied at around $3,860 an ounce, roughly $35 below its midweek peak. The precious metal has now gained for six straight weeks, supported by safe-haven demand as uncertainty deepened following the U.S. government shutdown and growing expectations of Federal Reserve rate cuts.

For UAE buyers, gold remains a dual symbol, valued both as a cultural essential and a secure investment. Analysts suggest prices will stay resilient, even as global market volatility continues.

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Faizal

Faizal is an experienced content creator and writer with a strong focus on business trends, economic developments, and emerging opportunities across the Gulf region. His work reflects a keen understanding of evolving markets, industry dynamics, and the factors shaping the region’s business landscape. With a research-driven approach, Faizal transforms complex market developments into clear, informative, and actionable insights for professionals, entrepreneurs, and business leaders. His content aims to provide valuable perspectives on key economic trends and developments influencing businesses across the Gulf.