Dubai Gold Prices Experience Slight Increase Amid Cooling Oil Prices

Sep 22, 2026

48 min

Sep 22, 2026 06:31

Dubai gold prices rise slightly as oil prices cool

## Gold Prices in Dubai

Gold prices in Dubai have seen a slight increase as oil prices stabilize. As of Tuesday morning, 18-karat gold is trading at Dh398.25 per gram, slightly below the Dh400 mark. Meanwhile, 24-karat gold is priced at Dh523.25, a minor decrease from the previous night's close of Dh523.75.

## Market Trends

Over the past month, gold prices have dropped by 6.30%. The recent fluctuations in gold prices are linked to changes in oil prices, which have decreased by over 9% in the last four sessions. This decline in oil prices has eased inflation concerns, benefiting gold as it typically performs well when inflation is low.

## Investor Behavior

Despite rising real yields, investor demand for gold remains strong. Exchange-traded funds (ETFs) backed by gold have seen inflows of approximately 50 tons this month, marking the third consecutive month of gains. This trend suggests sustained optimism about gold's long-term prospects, with investors taking advantage of price dips.

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