Dubai gold climbs Dh32.50 to Dh664.50 as global bullion rally accelerates
Silver prices hit fresh records
DUBAI – Dubai gold rates recorded a sharp and broad-based surge on Thursday, marking one of the strongest price jumps seen in recent weeks as global bullion markets rallied aggressively.
Prices across all major jewellery categories climbed steeply, reflecting a powerful international upswing in gold and silver, alongside currency movements and investor demand for safe-haven assets.
Dubai gold rates
According to the latest figures issued by the Dubai Jewellery Group, gold prices on Thursday stood significantly higher than levels recorded earlier this week, with increases exceeding Dh50 per gram in some categories compared to Monday’s rates.
As of Thursday, January 29, 24K gold is priced at Dh664.50 per gram, up sharply from Dh632.00 on Wednesday, Dh610.50 on Tuesday and Dh610.75 on Monday. The cumulative increase since the start of the week stands at nearly Dh54 per gram.
22K gold has climbed to Dh615.50 per gram, compared with Dh585.25 on Wednesday, Dh565.25 on Tuesday and Dh565.75 on Monday. 21K gold is now listed at Dh590.00, rising from Dh561.25, Dh542.00 and Dh542.25 over the previous three sessions.
Meanwhile, 18K gold surged to Dh505.75 per gram, up from Dh481.00 on Wednesday and Dh464.50 on Tuesday, while 14K gold reached Dh394.50, compared with Dh375.25 and Dh362.25 earlier in the week.
Global gold rally
Globally, gold prices continued their record-breaking run, rising more than 2% to hit $5,594.82 an ounce, marking the ninth consecutive session of gains. Gold has now advanced roughly 28% so far this month, supported by expectations around interest rate policy, a weaker dollar and sustained investor demand amid geopolitical and economic uncertainty.
Silver shines brighter
Silver also surged alongside gold, climbing above $120 an ounce, reinforcing the strength across precious metals markets.