Dubai Gold Prices Stabilize Amid Inflation Concerns

Sep 21, 2026

66 min

Sep 21, 2026 06:32

Dubai gold prices consolidate as inflation spooks traders

## Gold Prices in Dubai

Gold prices in Dubai are showing signs of stabilization after recent increases. As of Monday, 24-karat gold is priced at Dh 525, slightly down from its previous close. Meanwhile, 22-karat gold is trading at Dh 486, a Dh 2 decrease from the previous day.

## Global Market Trends

Globally, gold prices have seen a slight decline, dropping 0.5% to below $4,360 an ounce after a modest weekly gain. Investors are closely monitoring statements from Federal Reserve policymakers regarding potential interest rate hikes aimed at controlling inflation, which remains above the Fed's 2% target.

## Oil Prices and Economic Impact

Brent crude oil prices have decreased for the fourth consecutive session but remain above $100 per barrel. This decline is influenced by diplomatic efforts to resolve tensions between the US and Iran. Despite the drop in oil prices, gold-backed ETFs have experienced inflows for eight consecutive days, indicating strong investor confidence.

## Market Outlook

While some experts, like Vijay Valecha from Century Financial, see positive momentum for gold, others, such as Chris Weston from Pepperstone, are cautious. Weston notes that the Federal Reserve's recent rate hike and potential future increases could impact gold's trajectory. Currently, spot gold is priced at $4,355.83 an ounce, with silver and palladium showing slight gains, while platinum remains stable.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents

LinkedIn X Facebook WhatsApp Telegram