Dubai gold reaches Dh518 for 24K amid firm bullion and metal markets
Silver retreats from record peak
DUBAI – Dubai gold prices moved higher on Saturday, extending a steady climb seen throughout the week.
Retail rates published by the Dubai Jewellery Group showed gains across all major purities, with 24K gold strengthening to Dh518 per gram. The advance reflects firm global bullion prices, currency movements and investor positioning ahead of key US economic data.
Dubai gold rates
As of Saturday, December 13, suggested retail gold jewellery prices in Dubai stood at Dh518.00 per gram for 24K, Dh479.75 for 22K, Dh460.00 for 21K, Dh394.25 for 18K and Dh307.50 for 14K.
The latest prices marked a clear rise from Friday, December 12, when 24K was priced at Dh514.00 and 22K at Dh476.00 per gram. On Thursday, December 11, 24K gold stood at Dh507.75, followed by Dh506.75 on Wednesday and Dh504.50 on Tuesday. Monday’s opening level for the week had seen 24K at Dh507.00 per gram, highlighting a net weekly increase of Dh11.
Weekly comparison
Across the week, all categories tracked similar upward momentum. Between Monday and Saturday, 22K gold rose from Dh469.50 to Dh479.75 per gram, while 21K advanced from Dh450.25 to Dh460.00. Lower purities also followed suit, with 18K climbing from Dh386.00 to Dh394.25 and 14K from Dh301.00 to Dh307.50. The consistent daily increases reflected stronger buying interest as international prices edged higher.
Global gold market
In global markets, spot gold traded around $4,293.43 per ounce, touching its highest level in seven weeks, while US gold futures settled near $4,328.30. The US dollar remained relatively firm, influencing demand for dollar-priced metals. Attention stayed focused on US monetary policy signals and trade-related uncertainty, including tariff expectations linked to the new US administration under President Donald Trump.
Other precious metals
Silver retreated after reaching a record $64.64 per ounce, easing to about $61.70 as investors booked profits. Despite the pullback, silver remained sharply higher on the year. Platinum climbed to a 14-year high near $1,740, while palladium traded close to $1,497 per ounce, both supported by supply concerns and industrial demand.