Dubai gold rises for fourth day with 24K touching Dh507.75
Silver reaches record highs as platinum and palladium move narrowly
DUBAI – Dubai’s gold prices edged higher on Thursday, with all key categories posting fresh gains according to Dubai Jewellery Group’s suggested retail rates.
The increase continues a mid-week upward trend, supported by steady local demand.
The latest movement comes as global gold slipped after a divided US Federal Reserve rate cut left investors cautious about the outlook for next year.
Dubai gold prices
On Thursday (11 December), 24K gold stood at Dh507.75 per gram, up from Dh506.75 on Wednesday. 22K rose to Dh470.00, compared with Dh469.25 the previous day. 21K reached Dh450.75, slightly above Dh450.00 on Wednesday, while 18K moved to Dh386.25, up from Dh385.75. 14K increased to Dh301.25, gaining from Dh300.75.
The mid-week pattern also shows a consistent climb from Tuesday (10 December), when 24K had been priced at Dh504.50, 22K at Dh467.00, 21K at Dh448.00, 18K at Dh384.00 and 14K at Dh299.50. Monday (9 December) had seen 24K at Dh507.00, 22K at Dh469.50, 21K at Dh450.25, 18K at Dh386.00 and 14K at Dh301.00, showing a brief early-week dip before rebounding.
Global gold moves
Internationally, spot gold slipped 0.4% to $4,210.88 per ounce in Thursday’s early session after touching a near one-week high. US gold futures for February delivery rose 0.3% to $4,238.10 per ounce. Global prices paused following the US Federal Reserve’s 25-basis-point rate cut, delivered in a divided vote that left markets uncertain about the pace of reductions in 2026.
The Fed indicated that further adjustments may depend on clearer signs of easing inflation and cooling labour conditions, keeping pressure on non-yielding assets such as gold.
Other precious metals
Silver continued its powerful rally, trading at $61.90 per ounce after earlier hitting a record $62.88, supported by strong industrial demand, lower inventories and its inclusion on the U.S. critical minerals list. Platinum inched up 0.1% to $1,657.25, while palladium dipped 0.1% to $1,473.68.