Dubai gold rates hold firm with 24K at Dh530.25 and 22K at Dh491
Silver trades near $66 as rate expectations weigh on bullion
DUBAI – Dubai gold rates remain a closely watched benchmark for shoppers and investors in one of the world's busiest precious metals markets, with daily prices reflecting movements in international bullion markets and currency conditions.
The emirate's gold trade continues to attract strong attention as global prices remain elevated despite a modest retreat at the start of the week.
Monday's rates also come as investors assess US economic data, interest rate expectations and renewed tensions involving Iran.
Dubai gold rates
According to the Dubai Jewellery Group's suggested retail gold jewellery prices for Monday, September 7, 2026, 24K gold is priced at Dh530.25 per gram, while 22K gold stands at Dh491.00 per gram. The rate for 18K gold is Dh403.50 per gram.
The latest Dubai prices come as international gold edged lower after a stronger-than-expected US jobs report increased expectations that the Federal Reserve could maintain a higher interest rate stance.
Global gold
Spot gold was down around 0.5 percent at $4,405.47 per ounce as of 02:11 GMT on Monday, after dropping 1 percent on Friday. US gold futures for December delivery were also lower, declining 0.5 percent to $4,452.20 per ounce.
Earlier market data put spot gold at $4,402.86 per ounce, down 0.6 percent, highlighting continued pressure on bullion as traders reassess the outlook for US monetary policy.
US employment data released on Friday showed job growth accelerated sharply in August, while the unemployment rate remained at 4.1 percent. The figures have kept the possibility of a rate increase at the Federal Reserve's September 15-16 meeting on the table.
Markets are now turning towards this week's US inflation figures. Producer price data is due on Thursday, followed by the consumer price index on Friday. Traders are pricing a 58.4 percent probability of a September rate hike, according to CME Group's FedWatch tool.
US President Donald Trump has also been pressing the Federal Reserve for lower borrowing costs, while saying he could stop trading with countries with which the US has a trade deficit if rates are not cut.
Iran tensions
Geopolitical developments are adding another layer to bullion markets. Iran has said it will step up efforts to address economic problems caused by US sanctions, while a senior Iranian official warned of a more painful response if the country faces further attacks.
The wider Middle East situation, including concerns around regional security and the Strait of Hormuz, remains important for markets because disruption in the strategic waterway could affect global energy supplies and oil prices. Higher oil prices can also feed into inflation expectations, potentially influencing interest rate decisions and the attractiveness of gold.
Precious metals
Silver also moved lower on Monday, with spot silver easing 0.2 percent to $66.03 per ounce. Platinum fell 0.8 percent to $1,805.53, while palladium declined 0.7 percent to $1,396.08 per ounce.
The precious metals market is therefore entering a data-heavy week, with US inflation figures set to provide the next major indication of the direction of interest rates and the potential impact on bullion prices.