Dubai gold down for fourth straight session with 24K losing Dh1.50 today
Precious metals ease after record year
DUBAI – Dubai gold prices edged lower on Thursday, January 1, with all major carats posting modest declines compared with the previous three sessions.
According to the Dubai Jewellery Group, the softer movement comes amid New Year market closures and global profit-taking after a strong year for precious metals. Retail activity in the local market remained subdued as international benchmarks paused during the holiday.
Dubai gold rates
As of Thursday, the price of 24K gold stood at Dh520.25 per gram, down Dh1.50 from Wednesday. The 22K rate eased to Dh481.75, while 21K slipped to Dh462.00. The 18K category was priced at Dh396.00, and 14K gold at Dh308.75 per gram.
The latest rates mark a continued decline from earlier in the week. On Wednesday, January 31, 24K gold was priced at Dh521.75, while Tuesday saw it at Dh525.75 per gram. At the start of the week on Monday, 24K gold stood significantly higher at Dh540.25, highlighting a sharp four-day slide of Dh20.00 per gram.
Other carats reflected a similar trend. The 22K rate fell from Dh500.25 on Monday to Dh481.75 on Thursday, while 21K dropped from Dh479.75 to Dh462.00 over the same period. Lower-carat jewellery also saw steady declines, with 18K easing from Dh411.25 to Dh396.00, and 14K from Dh320.75 to Dh308.75.
Global backdrop
There was no official precious metals report issued on Thursday as major markets remained closed for the New Year holiday. In the final trading session of 2025, spot gold retreated 0.78% to $4,312.39 an ounce, while silver saw a sharper pullback of 7.1% to $71.04 an ounce, as investors locked in gains after a year of strong performance.
Gold had climbed to multi-decade highs during 2025, supported by a weaker U.S. dollar, shifting interest rate expectations and persistent geopolitical uncertainty. However, year-end positioning and light holiday trading weighed on prices.
Silver’s sharper fall contrasted with gold’s more measured decline, reflecting its higher volatility. In energy markets, crude prices also ended the year lower, with U.S. crude settling at $57.42 a barrel and Brent at $60.85, marking the steepest annual drop since 2020.
The US dollar index hovered near 98.25, remaining on track for its largest annual loss since 2017, influenced by rate cuts and tariff-related concerns linked to US President Donald Trump’s trade policies.
In the absence of fresh global pricing signals, Dubai gold rates are expected to continue tracking international movements once full market activity resumes after the holiday period.