Dubai gold rates slip 4.00 Dh as 24K eases to Dh533.75 per gram
Silver, platinum retreat from recent peaks
DUBAI – Dubai gold rates opened lower on Thursday, extending a cautious tone seen in international bullion markets.
Prices eased across all purities, according to the Dubai Jewellery Group, as global gold slipped under pressure from a firm dollar and investor positioning ahead of key US labour data.
The latest decline follows mixed movements earlier in the week, keeping local buyers closely focused on daily shifts.
Dubai gold rates
On Thursday, 24K gold was priced at Dh533.75 per gram, down from Dh537.75 on Wednesday. The metal had traded at Dh538.25 on Tuesday and Dh530.50 on Monday, highlighting a volatile start to the week.
For other purities, 22K gold fell to Dh494.25, compared with Dh498.00 on Wednesday, Dh498.25 on Tuesday and Dh491.25 on Monday. 21K stood at Dh474.00, easing from Dh477.50 a day earlier, while 18K slipped to Dh406.25 from Dh409.25. 14K gold was quoted at Dh317.00, down from Dh319.25 on Wednesday.
Global gold markets
Internationally, spot gold slipped 0.4% to $4,435.62 per ounce, while US gold futures for February delivery fell to $4,444.40. The pullback came as the dollar hovered near a more than two-week high and investors awaited US non-farm payrolls data for clearer signals on the Federal Reserve’s interest rate path.
Recent data showed US job openings dropped to a 14-month low in November, pointing to cooling labour demand. Gold remains around $110 below its record high of $4,549.71 reached late December, with gains capped by profit-taking and currency strength. Markets are also watching US actions linked to Venezuela, adding a geopolitical layer to price movements.
Other precious metals
Silver saw sharper losses, falling 2.6% to $76.08 per ounce, after touching an all-time high of $83.62 in late December. HSBC expects silver to trade between $58 and $88 in 2026, citing tight supply and strong investment demand, though it has flagged the risk of a correction later in the year.
Platinum dropped 3.3% to $2,230.90 per ounce, retreating from last week’s record peak, while palladium slipped 2.8% to $1,715.0 per ounce, mirroring broader weakness across precious metals.