Dubai gold prices rise sharply with 24K gaining Dh13.25 since Monday
China gold production falls 3.3 per cent in first quarter
DUBAI – Dubai’s gold market continued its upward movement on Saturday, with retail jewellery prices rising further across all major categories, according to the Dubai Jewellery Group.
The emirate remains one of the world’s most closely watched bullion hubs, attracting residents, tourists and investors seeking competitive rates and tax-friendly purchases. The latest increase extends a week of fluctuating but mostly positive momentum in the local gold market.
Dubai gold rates
The updated retail rates showed 24K gold at Dh568.25 per gram on Saturday, while 22K stood at Dh526.25, 21K reached Dh504.50 and 18K climbed to Dh432.50. The 14K variant was priced at Dh337.25 per gram.
Saturday’s prices marked another increase from Friday’s levels, when 24K gold traded at Dh567.50 per gram. On Thursday, the same category stood at Dh566, while Wednesday recorded Dh560. Earlier in the week, Tuesday rates had dropped to Dh546.25 before rebounding sharply from Monday’s Dh555 level.
Across the five-day trading stretch, 24K gold rose by Dh13.25 from Thursday and Dh22 from Tuesday’s low point. Similar gains were recorded across other categories. The 22K variant increased from Dh505.75 on Tuesday to Dh526.25 on Saturday, while 21K climbed from Dh485 to Dh504.50 over the same period.
China demand
Internationally, gold markets were also supported by strong investment demand from China. According to the China Gold Association, the country’s total gold production during the first quarter of 2026 fell 3.3 percent year-on-year to 136.230 metric tonnes.
Domestic production alone declined 7.1 percent to 81.065 tonnes after safety inspections forced several smelters to suspend operations for maintenance. Despite lower production, Chinese gold consumption rose 4.4 percent to 303.292 tonnes during the quarter.
Demand for gold bars and coins surged 46.4 percent to 202.062 tonnes, highlighting strong investor appetite for bullion products. Jewellery consumption, however, declined 37.1 percent to 84.62 tonnes as consumers shifted towards investment-focused purchases rather than luxury spending.