UPDATE

Dubai gold prices hold near record highs after sharp rally

UAE gold stays elevated as prices surge over the past week; India rates also seen higher

Last updated: October 03, 2025 | 07:33

Nivetha Dayanand, Assistant Business Editor

1 MIN READ

Dubai gold prices hold near record highs after sharp rally

Gulf News Archive

Dubai: Gold prices in the UAE stayed high after hitting record levels earlier. On Friday morning, 22-karat gold was at Dh429.00 per gram, while 24-karat stood at Dh463.25.

Just a week ago, gold hit new highs in Dubai when 24-karat touched Dh452.25 and 22-karat Dh418.75 per gram.

(Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait.) Meanwhile, the Indian gold rate for 24-karat gold was back up at ₹11,869 per gram, and the rate for 22-karat gold rose to ₹10,880 per gram on Friday morning.

Also Read: Gold nears $4,000: When will prices drop next for buyers, investors?

Globally, gold steadied after a five-day rally that drove it to new peaks. The US government shutdown came into effect, heightening uncertainty. Traders also stepped up bets on Federal Reserve rate cuts following soft economic data.

Spot gold was holding around $3,860 an ounce, about $35 shy of its Wednesday peak. With federal operations paused, key economic reports the Fed relies on may be delayed.

It has now gained for six straight weeks, driven by demand from investors seeking safe-haven assets amid global uncertainty.

For UAE consumers, the latest price movements mean gold remains both a cultural staple and a financial safe haven, with analysts expecting continued resilience in the months ahead.

Nivetha DayanandAssistant Business Editor

Nivetha Dayanand is Assistant Business Editor at Gulf News, where she spends her days unpacking money, markets, aviation, and the big shifts shaping life in the Gulf. Before returning to Gulf News, she launched Finance Middle East, complete with a podcast and video series. Her reporting has taken her from breaking spot news to long-form features and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, IMF’s Jihad Azour, and a long list of CEOs, regulators, and founders who are reshaping the region’s economy. An Erasmus Mundus journalism alum, Nivetha has shared classrooms and newsrooms with journalists from more than 40 countries, which probably explains her weakness for data, context, and a good follow-up question. When she is away from her keyboard (AFK), you are most likely to find her at the gym with an Eminem playlist, bingeing One Piece, or exploring games on her PS5.