Dubai gold rates rebound, 24K rises above Dh526 after midweek dip
Silver and platinum kick off New Year on strong note
DUBAI – Dubai gold prices ended the week higher on Friday, reversing part of the midweek softness and tracking a renewed rally in global bullion markets.
Rates published by the Dubai Jewellery Group showed gains across all major purities, with 24K leading the advance. The movement capped a volatile five-day stretch marked by sharp swings in both local and international prices.
Dubai gold rates
As of Friday, retail gold prices stood at Dh526.75 per gram for 24K, Dh487.75 for 22K, Dh467.75 for 21K and Dh401.00 for 18K. The 14K rate was Dh312.75 per gram.
Compared with Thursday, January 1, prices were higher across the board. On Thursday, 24K gold was priced at Dh520.25 per gram, while 22K stood at Dh481.75, 21K at Dh462.00, 18K at Dh396.00 and 14K at Dh308.75. Friday’s move lifted 24K by Dh6.50 per gram day on day.
Earlier in the week, Dubai gold prices had shown mixed direction. On Wednesday, December 31, 24K gold was priced at Dh521.75 per gram, with 22K at Dh483.25, 21K at Dh463.25 and 18K at Dh397.00. On Tuesday, December 30, rates were slightly firmer, with 24K at Dh525.75 per gram and 22K at Dh486.75. Monday, December 29, saw the highest levels of the week, when 24K touched Dh540.25 per gram and 22K reached Dh500.25, before prices corrected sharply over the following sessions.
Across the five trading days, 24K gold has fallen Dh13.50 from Monday’s peak but remains Dh6.50 higher than Thursday’s level, underlining the week’s volatility.
Global bullion markets
Internationally, precious metals began the New Year on a strong footing. Spot gold rose around 1.3 percent on Friday to about $4,372 per ounce, rebounding from a two-week low earlier in the week. US gold futures for February delivery traded near $4,386 an ounce. Gold ended 2025 with gains of about 64 percent, its strongest annual performance in decades, supported by geopolitical tensions, central bank buying and expectations of easier monetary policy.
Asia demand trends
Physical demand in Asia showed early signs of recovery as prices retreated from record highs. In India, domestic prices eased to around 136,700 rupees per 10 grams, prompting dealers to shift back to premiums after weeks of discounts.
China also moved to small premiums, reflecting resilient retail demand despite recent volatility. These trends, combined with renewed strength in global prices, continued to shape sentiment in regional markets as 2026 trading got underway.
Other precious metals
Silver continued to outperform, rising close to 3 percent to around $73.30 per ounce. The metal had surged roughly 147 percent over 2025, marking its best year on record. Platinum gained more than 3 percent to about $2,116 per ounce after recently hitting an all-time high, while palladium climbed above $1,640 per ounce, extending its strongest annual run in 15 years.