Dubai gold rates ease again as 24K slips Dh4 per gram
Silver leads historic precious metals surge
DUBAI – Dubai gold prices edged lower on Wednesday, reflecting a continued pullback from the start of the week.
Retail rates published by the Dubai Jewellery Group show declines across all major purities compared with both Tuesday and Monday. The midweek easing comes even as global bullion prices remain on track for their strongest annual gains in decades, underlining the contrast between local retail movements and international market momentum.
On Wednesday, 24K gold was priced at Dh521.75 per gram, down from Dh525.75 on Tuesday and sharply lower than Dh540.25 on Monday, marking a three-day fall of Dh18.50 per gram.
22K gold stood at Dh483.25, easing from Dh486.75 a day earlier and Dh500.25 at the start of the week.
21K was quoted at Dh463.25, compared with Dh466.75 on Tuesday and Dh479.75 on Monday.
18K gold slipped to Dh397.00, down from Dh400.00 and Dh411.25, while 14K eased to Dh309.75 from Dh312.00 and Dh320.75.
The decline marks the second consecutive daily fall for Dubai gold prices, with all categories posting steady but contained losses. The most pronounced movement remains in 24K, which has shed more than three per cent since Monday, reflecting softer retail pricing towards the year’s close.
Global gold markets
Internationally, gold prices retreated on Wednesday after touching fresh record highs late last week. Spot gold fell to around $4,286 per ounce, while US gold futures eased near $4,299 per ounce. Despite the pullback, gold has gained over 60% in 2025, its strongest annual performance since 1979, supported by interest rate cuts, expectations of further monetary easing, geopolitical tensions and sustained central bank demand.
Other precious metals
Silver eased sharply to about $71 per ounce after hitting an all-time high earlier in the week, but remains up more than 140% this year, its best performance on record.
Platinum slipped to roughly $1,935 per ounce, still up over 110% in 2025, while palladium traded near $1,478 per ounce, on course for its strongest annual gain in 15 years. A firmer US dollar and year-end profit-taking weighed on prices across the precious metals complex.