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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.

  • Publish date: Tuesday، 22 April 2025
Dubai Gold Prices Hit New Highs Amid Market Volatility

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.

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:

  • 24K: Dh420.0

  • 22K: Dh388.75

  • 21K: Dh372.75

  • 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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