Dubai Gold Prices Hit New Highs Amid Market Volatility
Gold shines brighter as hourly price spikes fuel investor buzz — Dubai rates jump nearly Dh20 in just 24 hours.
Gold is having a serious moment — and Dubai’s feeling the heat.
Prices of the yellow metal are jumping by the hour, with 24K gold soaring to Dh420 per gram on Tuesday — a spike of nearly Dh20 in just 24 hours. Globally, the shiny stuff surged over 5%, breaking past $3,480 per ounce, and briefly touching even higher levels, according to AFP.
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The buzz? A weaker US dollar, simmering US-China trade tensions, and investors flocking to gold’s "safe haven" glow.
Dubai’s latest rates per gram:
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24K: Dh420.0
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22K: Dh388.75
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21K: Dh372.75
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18K: Dh319.5
As of 9:20am UAE time, spot gold was trading at $3,480.22, up nearly 4.74%. And the predictions are even bolder — many analysts expect gold to hit $3,500 soon, with some eyeing the $4,000 mark if market uncertainty sticks around.
“A weaker US dollar and heightened geopolitical risk — including tariff-led fear and uncertainty — have been key drivers of gold’s performance,” said Kavita Chacko, a researcher for India at the World Gold Council. “Investor interest is likely to strengthen as gold’s appeal as a safe-haven asset and portfolio diversifier heightens amid global economic uncertainties and financial market volatility.”
Chacko added that seasonal buying and wedding-related demand may give gold prices another push over the coming weeks.
So, whether you’re an investor watching the charts or someone shopping for bridal bling — gold's glow isn’t fading anytime soon.
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