Dubai Gold Prices Reach Late-May Levels

Aug 21, 2026

47 min

Aug 21, 2026 05:31

Dubai gold prices jump again, 24K back at late-May levels

## Gold Prices Surge in Dubai

Gold prices in Dubai have seen a significant rise, with 24-karat gold reaching Dh547.50 on Friday, marking a Dh3.50 increase from the previous day. This price level was last observed at the end of May.

## Price Increases Since August

Since August 3, the price of 24K gold has increased by Dh62, or approximately 12.8%, from Dh485.50. Similarly, 22K gold has risen by Dh57.50 during the same period.

## Global Market Influence

The surge in Dubai's gold prices aligns with a global trend, as international gold markets have been experiencing gains. Gold is trading around $4,530 an ounce, heading for a third consecutive weekly increase.

## Factors Driving the Increase

The rise in gold prices is partly due to the US Treasury's decision to increase buybacks of long-dated government debt, which has affected Treasury yields and the dollar. This move has made gold a more attractive safe haven for investors.

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