Dubai gold climbs to Dh541.25; full week breakdown inside
Silver prices steady despite global market volatility
DUBAI – Dubai’s gold market continues to draw global attention as prices shift daily in response to international economic and geopolitical developments.
The emirate remains one of the most closely watched hubs for bullion trade, with retail rates published by the Dubai Jewellery Group serving as a benchmark for consumers and investors alike.
This week has seen notable fluctuations, reflecting both local demand and global uncertainty.
Dubai gold rates
As of Saturday, March 28, gold prices in Dubai have edged higher compared to the previous day:
- 24K: Dh541.25 (up from Dh539.00 on Friday)
- 22K: Dh501.25 (up from Dh499.25)
- 21K: Dh480.50 (up from Dh478.50)
- 18K: Dh412.00 (up from Dh410.25)
- 14K: Dh321.25 (up from Dh320.00)
The week’s movement reflects a broader trend of volatility:
On Thursday (March 27), rates stood at Dh539.00 for 24K, Dh499.25 for 22K, Dh478.50 for 21K, Dh410.25 for 18K and Dh320.00 for 14K.
A day earlier on Wednesday (March 26), prices were higher across the board, with 24K at Dh544.50, 22K at Dh504.25, 21K at Dh483.50, 18K at Dh414.50 and 14K at Dh323.25.
The peak of the week was recorded on Tuesday (March 25), when 24K reached Dh547.25, 22K stood at Dh506.75, 21K at Dh485.75, 18K at Dh416.50 and 14K at Dh324.75. At the start of the observed period on Monday (March 24), gold was notably lower, with 24K at Dh526.25, 22K at Dh487.25, 21K at Dh467.25, 18K at Dh400.50 and 14K at Dh312.25.
Prices across all karats thus peaked midweek before declining and rebounding into the weekend, indicating a fluctuating yet resilient market driven by global cues.
Global trends
Internationally, gold prices rose on Friday, with spot gold climbing to $4,419.99 per ounce, marking a rebound after earlier losses in the week. Despite this uptick, bullion remains on track for a fourth consecutive weekly decline.
Market movements have been heavily influenced by geopolitical tensions involving the United States, Israel and Iran. Policies under Donald Trump, including military positioning and energy-related decisions, have contributed to rising oil prices, with Brent crude nearing $110 per barrel. This has fuelled inflation concerns globally.
A stronger US dollar and expectations of higher interest rates continue to weigh on gold, as traders have largely ruled out rate cuts in 2026. At the same time, dip-buying activity has supported prices, with investors viewing recent declines as entry opportunities. Forecasts from major financial institutions suggest gold could climb further if geopolitical tensions ease and monetary policy shifts.
Other precious metals
In the wider precious metals market, silver remained relatively stable, trading at $67.98 per ounce, reflecting subdued but steady demand. Platinum rose to $1,843.77, while palladium reached $1,365.25, both benefiting from broader commodity momentum.