Gold rates in UAE slip by Dh3 after record highs. 22K at Dh416, 24K at Dh449.5. Buyers await further correction, while long-term trend stays bullish.
Dubai: After touching record highs earlier this week, gold prices in the UAE slipped slightly on Thursday, giving buyers some relief and raising hopes for a larger correction in the coming days.
On Thursday morning, 22K gold was priced at Dh416 per gram, while 24K stood at Dh449.5 — down nearly Dh3 from Tuesday’s all-time high of Dh452.25 (24K) and Dh418.75 (22K). The small dip comes after five straight weeks of upward momentum, fueled by the US Federal Reserve’s first interest-rate cut of the year and strong global demand.
The recent peak in prices left many retail buyers hesitant, with some delaying purchases in the hope of more affordable levels. At current rates:
24K gold: Dh449.5 per gram
22K gold: Dh416 per gram
21K gold: Dh408 per gram
18K gold: Dh349.75 per gram
The drop is modest but welcome news for residents planning weddings, festive purchases, or long-term investments.
Meanwhile, in India, the 24K rate surged to ₹11,536 per gram and 22K to ₹10,575 per gram, reflecting global bullishness in the bullion market.
Despite Thursday’s minor pullback, analysts point out that gold remains near historic highs. Several factors continue to support the metal’s strength:
Federal Reserve Rate Cuts: Last week’s policy easing lowered borrowing costs, boosting investor interest in safe-haven assets like gold.
Heavy Central Bank Buying: Global central banks, especially in emerging markets, have been adding to reserves at record levels.
ETF Demand: Gold-backed exchange-traded funds saw the strongest inflows in three years, with almost 400 tons purchased so far in 2025.
Geopolitical Moves: Reports suggest China may act as a custodian of foreign sovereign gold reserves, adding another layer of demand confidence.
Silver Rally: Alongside gold, silver has surged, making precious metals among the top-performing commodities this year.
These elements combine to keep gold’s long-term outlook bullish, even if short-term corrections occur.
Market watchers note that Thursday’s decline could be the start of a brief correction, but they don’t expect significant losses. Gold continues to trade close to $3,745 an ounce globally — less than $50 below the record set earlier this week.
“While UAE buyers are hoping for a bigger fall, fundamentals still favor strength. Any dip is likely to be short-lived, with prices resuming an upward path,” said one Dubai-based bullion trader.
Federal Reserve Chair Jerome Powell recently commented that both the job market and inflation face risks, but he gave no clear signal about further rate cuts in October. This uncertainty has also fueled gold’s appeal as a hedge against volatility.
For many UAE residents, gold is more than an investment — it is a cultural and traditional asset, especially for weddings and festivals. The Dh3 drop, though minor, has already renewed activity in Dubai’s Gold Souk and other retail hubs.
Shoppers are waiting to see whether prices ease further in the coming weeks. Jewelers, however, caution that the overall upward trajectory makes timing difficult. “If buyers wait too long, they might miss the chance to lock in slightly lower rates,” said a retailer in Deira.
Gold’s performance in the coming weeks will hinge on global economic signals, particularly:
US Federal Reserve’s October policy stance.
Continued central bank purchases.
ETF inflows and investment demand.
Geopolitical tensions influencing safe-haven demand.
For now, the message is clear: gold remains strong, but smart buyers may find small windows of opportunity during price corrections.
A Dubai court sentenced a woman to jail and deportation after convicting her of stealing over Dh3 million through a crypto wallet swap fraud.
The Philippines is celebrating by offering free train rides on December 30 for all passengers nationwide.
Experience over one hour of dazzling fireworks at the Sheikh Zayed Festival as organizers prepare an unforgettable New Year’s Eve show blending tradition, innovation, and spectacular visuals.
Ideal Web Infotech has successfully delivered measurable SEO results for GP Production, helping the brand secure Top 10 Google rankings for 25 competitive keywords. The strategic SEO campaign has significantly improved GP Production’s online visibility, organic traffic, and business inquiries in a competitive digital services market.
Dubai Studio City is set to become the automotive hub of the region as it hosts Middle East Car & Bike Week 2026, a mega event celebrating supercars, custom bikes, electric vehicles, motorsport culture, and automotive innovation.
The UAE has amended its Civil Procedures Code to introduce clearer rules for handling inheritance disputes and regulating expert reports, aiming to enhance transparency, reduce delays, and strengthen judicial accuracy.
Expo City Dubai has transformed into a festive Winter City, offering lights, snowfall, markets, performances, and family-friendly holiday attractions throughout the Christmas season.
The Indian rupee, Pakistani rupee, and Philippine peso continue to hover near multi-year lows against the UAE dirham, offering expats a strong window to remit money home—if they plan wisely.
The UAE has launched a Dh170 billion transport plan to expand highways, upgrade federal roads, and introduce new mobility projects by 2030, tackling rising congestion as vehicle numbers grow by over 8% annually.
Lost your Emirates ID? Learn how to quickly replace it online using the UAEICP app — including steps, documents, fees, and delivery process.
Severe congestion slows traffic across Dubai and Abu Dhabi during Monday’s morning rush, with key routes like Sheikh Zayed and E311 seeing long delays.
Dubai is gearing up to launch Elon Musk’s Dubai Loop in 2026 — a revolutionary high-speed underground transit system by The Boring Company. Promising rapid, zero-emission travel, the project marks a new era in urban mobility for the Middle East.
Aqwire becomes the first Philippine platform to enable Google Pay and Apple Pay for cross-border payments, revolutionizing how OFWs in the UAE send money and settle bills back home.
Dubai Safari Park has reopened for its 2025 season, offering new ticket packages, VIP tours, immersive wildlife encounters, and educational experiences across six themed zones.
This month’s Big Ticket Abu Dhabi promotion offers a Dh25 million grand prize, weekly gold giveaways, cash contests, and dream cars like the Nissan Patrol and Maserati Grecale.
Adnoc subsidiary XRG has acquired a strategic 11.7% equity stake in Phase 1 of the Rio Grande LNG project in Texas, marking its first US gas infrastructure investment and reinforcing the UAE’s growing role in global energy supply.
UAE researchers, in partnership with global institutions, are developing an AI-powered system to assess cloud seedability in real time, advancing water security through innovation.
Filipino-American singer Jessica Sanchez, nine months pregnant, wins America’s Got Talent Season 20 with a stunning finale performance, marking a triumphant comeback nearly two decades after her first audition.
Rashed Khamis Al Mehairi clinched the title at the FEI Endurance World Championship for Young Riders & Juniors 2025 in Romania, securing UAE’s fifth consecutive triumph in the prestigious event.
The UAE’s new ‘Aani’ instant payments platform allows transfers within 10 seconds using only mobile numbers — no IBAN required.
Inside Dubai Metro’s Operations Control Centre where AI, 9,000 cameras, and just 20 staff manage 101 trains, 53 stations, and 850,000 daily passengers.
The iPhone 17 and Air launch in Dubai Mall saw tight security, short queues, and a rush for the cosmic orange iPhone 17 Pro Max, with some customers buying multiple devices to share with family and employees.
Nissan has launched a recall campaign in the UAE affecting 1,661 Patrol “Y63” 2025 models due to a defect in the torque transfer control unit that may cause sudden propulsion loss.
From Global Village’s reopening to Europe’s new entry rules, here are six key updates and events happening in the UAE this October.
Lionel Messi scored and assisted as Inter Miami beat Seattle Sounders 3-1 in a fiery MLS rematch. Miami climbed to 5th in the Eastern Conference while Seattle dropped to 4th in the West.
The Sharjah Executive Council has approved a new Government Data Sharing Guide to enhance transparency, streamline services, and strengthen decision-making across government entities.
The UAE is experiencing a slight dip in temperatures, with cooler mornings, rising humidity at night, and chances of fog in coastal and inland areas. Dusty and windy weather is also expected in parts of the country this week.
Public schools in the UAE have introduced a strict Acceptable Use Policy for digital devices and the internet to ensure safe learning, protect privacy, and promote responsible technology use among students.
Pakistani child star Umer Shah, younger brother of Ahmed Shah, passed away at just 15 after a cardiac arrest. His untimely death has left celebrities and fans across the nation in shock and grief.
Dubai Police have issued a safety advisory ahead of the Asia Cup 2025 India-Pakistan match, warning against fireworks, banned items, and disruptive behaviour at Dubai International Cricket Stadium.
The Crown Prince of Dubai visits ADIHEX 2025, the largest-ever edition of the Abu Dhabi International Hunting and Equestrian Exhibition, showcasing heritage, sustainability, and global participation.
Readers showcase breathtaking photos of UAE’s landscapes and cityscapes, from Dubai’s vibrant beaches to Hatta’s rugged mountains, highlighting the country’s diverse charm.
The UAE’s Federal Authority for Government Human Resources (FAHR) launches an AI-powered HR assistant offering 108 services, automating 80% of HR procedures, and saving 170,000 work hours annually.
At IGCF 2025, Sharjah showcased how sustainability, innovation, and smart urban strategies are redefining modern living and attracting global investors.
Dubai Investments PJSC is considering an IPO for its Dubai Investments Park unit, with up to a 25% stake sale by February 2026. The move comes as Dubai’s booming real estate market drives demand for industrial, residential, and commercial properties.
Charlie Kirk, CEO of Turning Point USA, was shot and killed during an event at Utah Valley University. US President Donald Trump and Vice President JD Vance paid tribute as the FBI investigates.
Olympic champion Viktor Axelsen returned to action after six months out with back surgery but suffered a straight-games loss to Japan’s Kodai Naraoka at the Hong Kong Open 2025.
Expats in Dubai can exchange their home country driving licence for a UAE licence if their country is on the RTA’s approved list. Here’s everything about documents, fees, process, and terms.
Sanju Samson’s explosive T20I form has sparked debate ahead of India’s Asia Cup 2025 opener against UAE. Will he open, slot in the middle order, or miss out entirely?
The UAE aviation sector has surpassed one billion passengers and 6.4 million aircraft movements between 2015 and 2024, cementing its status as a global hub for travel, tourism, and trade.
Gold prices soar to $3,586 per ounce, with 22K at Dh400 in UAE. Here’s what it means for shoppers, investors, and wedding buyers.
The UAE’s Blue Residency Visa offers 10-year residency to environmental experts, researchers, and award-winning advocates. Learn eligibility, requirements, and how to apply.
From food and pregnancy myths to fears of bad luck, science explains why the September 7 blood moon lunar eclipse is safe to watch and enjoy.
Burnout is silently draining UAE businesses of talent, productivity, and innovation. Quick solutions like outcome-based work, micro-recovery, and empathetic leadership can help prevent a workplace crisis.
Dubai Municipality’s volunteer-driven initiative has repainted 200 graffiti-stained walls, restoring the city’s beauty and boosting community spirit.
Abu Dhabi’s G42 will offload a 2% stake in Presight AI worth $100M to boost free float, attract global investors, and support FTSE Index inclusion.
A rare total lunar eclipse, dubbed the Blood Moon, will be visible across the UAE on September 7–8, lasting over 5 hours with 82 minutes of totality.
Wizz Air has exited Abu Dhabi, but budget travelers still have plenty of low-cost options with Air Arabia, flydubai, IndiGo, and more.
NRIs in UAE can update their Indian passport address by reissuing a new passport. Learn about required documents, fees, and the step-by-step application process.
Sharjah woman’s death sparks criminal case in India; husband faces dowry and abuse charges as body to be flown to Kerala soon.
Pre-order Samsung Galaxy Z Fold7 and Flip7 in UAE from just Dh135/month with exclusive offers from du and e&. Launching July 25.
The UAE has hosted 17,619 Afghan evacuees since 2021, providing shelter, medical care, and education before their resettlement in 21 countries.
Eight people, including civilians and attackers, were killed during a terrorist attack on a judiciary building in Zahedan, southeastern Iran.
At Geneva’s biggest watch fair, four exceptional timepieces stood out — Rolex’s sleek Land-Dweller, Patek Philippe’s complex Ref. 5308G, Vacheron’s cosmic Solaria, and Lange’s emotional Minute Repeater. Each showcased the peak of design, innovation, and craftsmanship in modern watchmaking.
New stablecoin regulations in the UAE and US are boosting trust, driving adoption, and positioning stablecoins as a safer, more mainstream digital payment option.