Dubai Gold Prices Increase After July Volatility

Aug 3, 2026

53 min

Aug 3, 2026 05:31

Dubai gold prices climb again after a volatile July. What buyers will pay today

## Gold Prices Rise in Dubai

Dubai's gold prices have seen an increase as the market opened on Monday, following a stable weekend. The price for 24-karat gold rose to Dh488.50 per gram, marking an increase of Dh1.25 from the previous day. Similarly, 22-karat gold increased by Dh1 to Dh452.25 per gram.

## Price Fluctuations in July

July was a month of significant fluctuations for gold prices in Dubai. At the beginning of the month, 24K gold was priced at Dh503 per gram, but it dropped to Dh481.50 by mid-July. The price then recovered to Dh500.75 before ending the month at Dh485.25. The 22K gold followed a similar trend, starting at Dh466, dropping to Dh446, and closing July at Dh449.25.

## Global Influences

The international gold market also experienced changes, influenced by geopolitical developments. US President Donald Trump's announcement of new negotiations with Iran led to a rise in gold prices globally. Additionally, the Federal Reserve's policy decisions are being closely watched, as they impact inflation and interest rates, which in turn affect gold prices.

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