Dubai Gold Prices Fall Below Dh600 Amid Global Market Adjustments

Feb 16, 2026

85 min

Feb 16, 2026 06:31

Dubai gold drops below Dh600 after volatile month and global sell-off

## Recent Price Movements

Dubai's gold market experienced a notable decline as prices fell below Dh600 per gram on Monday morning. This drop follows a period of volatility, with prices previously holding above this level for much of the past week. The 24-karat gold price decreased to Dh599.75 per gram from Dh607.50 the previous day, while 22-karat gold fell to Dh555.25 from Dh562.50.

## Global Influences

The decline in Dubai's gold prices is part of a broader global trend. Internationally, gold prices have been consolidating near $5,000 per ounce after a recent rally. This rally was initially driven by softer US inflation data, which had raised expectations of potential interest rate cuts by the Federal Reserve. Lower interest rates typically make gold more attractive as an investment.

## Market Dynamics

The recent price drop is attributed to profit-taking by traders following the earlier gains. Additionally, trading volumes in Asia have been thinner due to the Lunar New Year holiday in China, a major gold market. In China, there has been strong demand for gold, prompting warnings against illegal trading activities.

## Volatility in February

Throughout February, Dubai's gold prices have shown significant fluctuations. The month began with prices around Dh589 per gram, dipping to the mid-Dh560 range, then rising above Dh610 before retreating again. January also saw steep price movements, with highs reaching Dh639 before settling around Dh590 by the end of the month.

## Future Outlook

Despite recent fluctuations, analysts maintain a positive long-term outlook for gold prices. Factors such as geopolitical tensions, global debt concerns, and central bank demand are expected to support higher prices. Some forecasts suggest that gold could reach around $5,800 per ounce in the coming months.

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