Dubai gold rates slip Dh11 in a day
Silver prices fall over 7% as metals market turns volatile
DUBAI – Dubai’s gold market remains a key global benchmark, with retail rates shifting daily in response to international cues.
Prices released by the Dubai Jewellery Group reflect both local demand and global market movements.
This week, gold has shown sharp volatility, with prices swinging across sessions amid geopolitical tensions and currency movements.
Dubai gold rates
On Thursday, April 2, 2026, Dubai gold rates dropped notably:
- 24K: Dh556.00 (down from Dh567.00 on Wednesday)
- 22K: Dh514.75 (down from Dh525.25)
- 21K: Dh493.75 (down from Dh503.50)
- 18K: Dh423.25 (down from Dh431.50)
- 14K: Dh330.00 (down from Dh336.50)
The decline follows Wednesday’s spike, when prices had risen across all categories.
Looking further back:
- Tuesday (March 31) saw 24K at Dh549.75, with steady mid-week gains.
- Monday (March 30) recorded 24K at Dh542.00, marking the week’s starting point before volatility intensified.
Overall, the week reflects a sharp rise followed by a pronounced correction, leaving prices still above Monday levels despite Thursday’s drop.
Global gold market
Internationally, gold prices fell sharply on Thursday after remarks from President Donald Trump signalled continued military action involving Iran. Spot gold dropped over 2.8% to $4,622.59 per ounce, after briefly falling more than 4%, while US gold futures slid 3.4% to $4,649.
The shift comes after a four-session rally, with investors reacting to heightened geopolitical uncertainty. The stronger US dollar and rising Treasury yields added further pressure on gold, reducing its appeal as a non-yielding asset.
Oil markets also surged, with Brent crude rising over 6% amid concerns about supply disruptions linked to potential targeting of Iran’s energy infrastructure and tensions around the Strait of Hormuz. Rising oil prices have reinforced inflation concerns, complicating expectations for US interest rate cuts, which are now seen as unlikely for most of 2026.
Other precious metals
Precious metals mirrored gold’s decline, with silver recording the steepest losses.
Spot silver fell 5.4% to $71.07 after plunging more than 7% earlier in the session.
Platinum dropped 3.1% to $1,902.65, while palladium eased 1.8% to $1,446.53.