Dubai gold stays above Dh540 for 24K amid global pullback
Silver trades near $80 after touching record highs
DUBAI – Dubai gold rates opened steady on Monday, with retail prices holding firm despite a mild pullback in global bullion markets.
Rates published by the Dubai Jewellery Group place today’s prices at Dh540.25 per gram for 24K gold, Dh500.25 for 22K, Dh479.75 for 21K and Dh411.25 for 18K. The 14K category is priced at Dh320.75 per gram, keeping local jewellery costs largely unchanged at the start of the week.
The stability in Dubai prices comes as international markets paused after an exceptionally strong rally through 2025. Local rates continue to reflect global movements, currency factors and regional demand, while remaining closely tracked by residents and visitors planning jewellery purchases.
Global gold markets
Globally, gold prices eased on Monday after hovering near record highs. Spot gold slipped 0.4% to $4,512.30 per ounce in early trading, after touching an all-time high of $4,549.71 late last week. US gold futures for February delivery were also down 0.4% at $4,535.10 per ounce. The retreat followed profit-taking and easing geopolitical tensions, particularly comments from US President Donald Trump suggesting progress towards ending the war in Ukraine.
Bullion has surged about 72% so far in 2025, supported by expectations of further US interest rate cuts, strong central bank buying and rising exchange-traded fund holdings. Markets are now awaiting the Federal Reserve’s December meeting minutes for further policy signals.
Other precious metals
Silver remained resilient near the $80 per ounce level, trading at $79.68 after earlier touching a record high of $83.62. The metal has gained 181% year-to-date, driven by supply constraints and strong industrial demand after being designated a critical US mineral.
Platinum slipped 1.5% to $2,421.35 per ounce after hitting a record $2,478.50, while palladium fell 6% to $1,807.59 per ounce, reflecting broader volatility across precious metals.