Dubai gold climbs to Dh468.50 per gram
Global uncertainty, rate cuts and shutdown fuel demand for safe assets
DUBAI – Gold prices in Dubai moved higher on Saturday, with the 24K variety reaching Dh468.50 per gram, according to Dubai Jewellery Group data.
That marked an increase of Dh5.25 from Friday’s rate of Dh463.25. Other categories followed the same upward trajectory: 22K stood at Dh433.75, 21K at Dh415.75, and 18K at Dh356.50.
Weekly comparison
Friday’s rates had closed with 24K at Dh463.25, 22K at Dh429.00, 21K at Dh411.50 and 18K at Dh352.50. Thursday’s levels were slightly higher, with 24K and 22K quoted at Dh465.75 and Dh431.50 respectively, while 21K settled at Dh413.50 and 18K at Dh354.50.
Wednesday’s prices matched Thursday’s, holding steady at 24K Dh465.75, 22K Dh431.50, 21K Dh413.50 and 18K Dh354.50. On Tuesday, the market opened at 24K Dh466.00, 22K Dh431.25, 21K Dh413.75 and 18K Dh354.50.
Monday saw the week’s lowest levels, with 24K at Dh458.25, 22K at Dh424.25, 21K at Dh407.00 and 18K at Dh348.75. That means 24K gained Dh10.25 across the week, with smaller but consistent increases in the other categories.
Precious metals rally
Gold’s strong movement reflects a wider rally across precious metals in 2025. Prices globally have surged amid policy uncertainty, inflation concerns and a US government shutdown. Gold has advanced over 47% so far this year, trading near $3,900 per troy ounce and setting repeated all-time highs.
Silver has outpaced even gold, closing September at its highest level in history. Currently around $48 per troy ounce, silver has risen 65% year-to-date and 17% in just the past month. Platinum has gone further still, with returns close to 80% this year, trading around $1,600 per troy ounce.
The rally reflects the appetite for safe-haven assets as global markets navigate economic turbulence and central banks pursue lower interest rates.