Dubai: The 22k gold price UAE stayed stable on Friday morning, giving some relief to shoppers after record levels earlier this week. The 22K rate stood at Dh416 per gram, while 24K gold was priced at Dh449.5 per gram, down Dh3 from Tuesday’s all-time high.
Gold prices in Dubai touched record highs on Tuesday, when 22K rose to Dh422 per gram and 24K to Dh456 per gram. Spot gold also hit $3,790 per ounce, marking a new global peak.
The current 22k gold price UAE is unchanged from Thursday evening, keeping gold less affordable for many buyers. However, shoppers are expected to take advantage of this weekend’s stable rates.
In India, 24K gold was trading at ₹11,487 per gram, and 22K at ₹10,530 per gram on Friday morning. The trend reflects strong global bullion demand and sustained support from central banks.
Experts say gold is heading for a sixth straight weekly gain. Bullion-backed ETFs are seeing higher inflows, while geopolitical tensions and the US Federal Reserve’s rate cuts have further boosted demand. Analysts at Goldman Sachs predict the rally could extend into the next quarter.
Gold has been one of the best-performing assets of the year, with Dubai’s retail buyers closely tracking every shift in rates. For now, the steady prices ahead of the weekend provide some breathing space for shoppers waiting for the right moment to buy.
