Dubai gold rates: 24K rises Dh5.25 to Dh623.25 amid weekly swings
Daily gold rate changes reveal shifting trend in UAE retail markets
DUBAI – Dubai’s gold market recorded a rise on Saturday as bullion prices edged higher after a volatile week across the emirate’s jewellery trade.
Rates published by the Dubai Jewellery Group show increases across most categories compared with Friday, although prices remain below levels seen earlier in the week.
The emirate’s gold souks and malls continue to track daily shifts in international bullion markets, which influence retail jewellery prices in the UAE. Shoppers often monitor these daily movements before making purchases, particularly for higher-purity gold.
Dubai gold rates
According to the Dubai Jewellery Group, the suggested retail price on Saturday places 24K gold at Dh623.25 per gram. 22K gold is priced at Dh577.25, while 21K stands at Dh553.50. Lower-purity jewellery rates include 18K at Dh474.50 and 14K at Dh370.00 per gram.
The latest figures represent a rise compared with Friday’s market levels. On March 6, 24K gold was Dh618.00, while 22K stood at Dh572.25, 21K at Dh548.75, 18K at Dh470.25, and 14K at Dh367.00 per gram.
Prices earlier in the week moved in mixed directions before stabilising near the weekend. On Thursday, March 5, the rate for 24K gold reached Dh623.25, while 22K was Dh577.00, 21K Dh553.25, 18K Dh474.25, and 14K Dh370.00 per gram.
A day earlier on Wednesday, March 4, bullion was slightly lower. 24K gold traded at Dh621.25, with 22K at Dh575.25, 21K at Dh551.75, 18K at Dh472.75, and 14K at Dh368.75.
The start of the week saw significantly higher prices before a midweek correction. On Tuesday, March 3, the Dubai Jewellery Group listed 24K gold at Dh639.75 per gram, 22K at Dh592.50, 21K at Dh568.00, 18K at Dh486.75, and 14K at Dh379.75.
Rates were even stronger on Monday, March 2, when 24K gold reached Dh649.00 per gram, with 22K priced at Dh601.00, 21K at Dh576.25, 18K at Dh493.75, and 14K at Dh385.25.
Dubai’s gold retail market updates its suggested jewellery prices daily, reflecting changes in global bullion markets and currency movements. Jewellery retailers across the emirate typically follow these benchmark rates while applying additional making charges depending on design and craftsmanship.