Gold prices dropped slightly on Tuesday. The global rate for gold is now $3,312 per ounce.
This small fall came after the United States and China made progress in trade talks. These talks reduced the need for investors to buy gold as a safe option.
In Dubai, 22K gold is trading at Dh373 per gram. 24K gold is just over Dh400 per gram.
Buyers in the UAE are still interested, but many are waiting to see if prices drop more. If global rates fall to around $3,200, Dubai prices may also come down.
Experts Still Expect Prices to Go Up
Experts at UBP, a financial group, say gold prices could rise again soon. They expect:
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$3,400 by June
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$3,600 by September
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$4,000 by March 2026
Reasons include high debt in large countries, ongoing inflation, and central banks, especially China, buying more gold.
Good Time to Watch Prices
For now, UAE buyers see Dh373 per gram for 22K gold as a fair price. But if it falls to Dh360, Dh365, many may start buying again.
Markets are also watching this week’s U.S. Treasury auctions. If demand is low, more people may turn to gold again, which could push prices up.
