Dubai gold rates jump Dh4.50 as 24K hits Dh567.50 per gram
Silver edges higher amid rising oil and dollar strength
DUBAI – Dubai’s gold market remained firmly in focus on Tuesday as retail prices climbed across all major categories, reflecting renewed strength in global bullion markets and heightened investor caution surrounding geopolitical tensions and inflation concerns.
The emirate’s gold trade, widely followed by residents and tourists alike, continued to mirror movements in international spot prices as traders assessed developments involving the United States, Iran and energy markets.
Dubai gold rates
According to the latest rates issued by the Dubai Jewellery Group, 24K gold opened at Dh567.50 per gram today, up from Dh563.00 on Monday. The increase marked a Dh4.50 rise within 24 hours.
The 22K gold climbed to Dh525.50 per gram compared with Dh521.25 a day earlier, while 21K rose to Dh504.00 from Dh499.75. The 18K category also moved higher to Dh432.00 per gram after standing at Dh428.25 on Monday. Meanwhile, 14K gold increased to Dh337.00 from Dh334.00.
Global trends
International gold prices remained near recent highs as investors weighed geopolitical uncertainty and expectations surrounding US monetary policy. Spot gold traded at $4,728.79 per ounce on Tuesday morning after touching a three-week high earlier in the session, while US gold futures for June delivery edged up to $4,737.60 per ounce.
Market sentiment remained sensitive after US President Donald Trump said a possible ceasefire with Iran was “on life support”, adding to concerns over prolonged instability in the Middle East. Tehran’s rejection of a US proposal linked to the conflict also kept investors focused on safe-haven assets such as gold.
Investors are now closely watching upcoming US Consumer Price Index data, which could influence expectations surrounding interest rates and the Federal Reserve’s next moves. Stronger inflation readings may reduce hopes for rate cuts later this year.
At the same time, the US dollar extended gains while oil prices rose nearly 1%. Analysts noted that elevated crude prices, partly linked to concerns around regional shipping routes including the Strait of Hormuz, could intensify inflationary pressure globally. Higher energy prices have already prompted several financial institutions to scale back forecasts for US interest rate cuts in 2026.
Attention is also turning towards Trump’s scheduled visit to China, where meetings with President Xi Jinping are expected to cover trade and Middle East developments.
Other precious metals
Other precious metals also witnessed fresh activity in global trading.
Spot silver rose 0.4% to $86.39 per ounce, extending recent gains alongside gold.
Platinum slipped 1.4% to $2,101.60, while palladium fell 0.6% to $1,500.20 per ounce as traders adjusted positions ahead of inflation data and central bank signals.