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.
