Dubai gold slips with 24K at Dh539.75 after midweek surge
Silver, platinum and palladium show mixed moves
DUBAI – Dubai gold prices eased on Thursday with all major carat categories trading lower compared with the previous day, according to the Dubai Jewellery Group.
The dip follows a volatile week in which prices surged sharply before retreating amid profit-taking in global bullion markets. Despite today’s decline, local gold rates remain well above Monday’s levels.
Dubai gold rates
As of today, 24-carat gold is priced at Dh539.75 per gram, down from Dh542.00 on Wednesday and Dh540.00 on Tuesday. On Monday, 24K gold stood significantly lower at Dh529.75 per gram. For buyers tracking short-term movements, this reflects a weekly gain of Dh10.00 per gram despite the late pullback.
22-carat gold is quoted at Dh499.75 per gram on Thursday, compared with Dh502.00 on Wednesday, Dh500.00 on Tuesday and Dh490.75 on Monday. Meanwhile, 21-carat gold slipped to Dh479.00 per gram, easing from Dh481.25 a day earlier and Dh479.50 on Tuesday, while still well above Monday’s Dh470.50.
Lower-purity categories also followed the same pattern. 18-carat gold is priced at Dh410.75 per gram, down from Dh412.50 on Wednesday and Dh411.00 on Tuesday, compared with Dh403.25 at the start of the week. 14-carat gold stands at Dh320.25, easing from Dh321.75 on Wednesday.
Global bullion
International gold prices edged lower after touching fresh all-time highs, as markets paused following an extraordinary rally. Spot gold traded at $4,479.38 per ounce, after hitting a record $4,525.18 earlier in the session. US gold futures for February settled at $4,502.8.
The pullback came amid mild profit-taking, even as broader conditions continued to favour precious metals. Expectations of further US interest rate cuts, combined with political uncertainty and tariff-related concerns linked to President Donald Trump’s trade stance, have underpinned bullion prices through 2025.
Other precious metals
Silver remained close to record territory, last trading at $71.94 an ounce after touching an all-time high of $72.70, with year-to-date gains nearing 149%. Platinum retreated to $2,220.44 an ounce after peaking at $2,377.50, though it is still up about 145% this year. Palladium fell to $1,683.58 an ounce, down more than 9% after recently scaling a three-year high, as investors rotated across metals amid supply tightness and tariff uncertainty.