Dubai gold rates today: 24K jumps to Dh607.50 as prices top $5,000
Silver prices surge after strong global buying momentum
DUBAI – Dubai gold prices opened the week steady on Monday, with retail rates unchanged according to the Dubai Jewellery Group.
Gold prices across popular jewellery categories held firm as global bullion extended gains on international markets.
The local market reflected stability despite strong movement in overseas spot prices and currency fluctuations.
Dubai gold rates
As of Monday, retail gold jewellery prices in Dubai stood at Dh607.50 per gram for 24K, Dh562.50 for 22K, Dh539.25 for 21K, and Dh462.25 for 18K.
Lower purity jewellery was priced at Dh360.50 per gram for 14K, maintaining recent levels seen across the emirate’s gold souks.
Global bullion
Internationally, gold continued its upward momentum, trading above the $5,000 per ounce mark during early Asian hours. Spot gold rose 1.1% to $5,012.76 per ounce, building on a strong 4% gain recorded on Friday. US gold futures for April delivery also advanced 1.1% to $5,033.80 per ounce, reflecting sustained demand for bullion.
The rally was supported by a softer US dollar, which slipped to its lowest level since February 4. A weaker dollar typically makes gold cheaper for holders of other currencies, boosting demand. Investors remained focused on upcoming US employment and inflation data, which are expected to shape expectations around interest rate cuts later this year.
Silver markets
Silver significantly outperformed gold, extending sharp gains from the previous session. Spot silver climbed 4.6% to $81.54 per ounce, following a near 10% surge on Friday. The metal had touched an all-time high of $121.64 on January 29, underscoring heightened volatility and strong speculative interest.
Other precious metals
Other precious metals showed mixed performance. Spot platinum edged 0.3% lower to $2,090.13 per ounce, while palladium gained 1% to $1,723.41, tracking broader movements across the metals complex as markets assessed currency trends, tariffs, and macroeconomic signals.