Dubai Gold Prices Rise, Remain Below Dh600

Feb 18, 2026

75 min

Feb 18, 2026 06:31

Dubai gold prices rise but stay below Dh600 level

## Current Gold Price Trends

Gold prices in Dubai increased on Wednesday morning, yet stayed under the Dh600 mark, a significant level for local buyers. As of 9:50 am, the price of 24K gold was Dh594.50 per gram, up from Dh590.75 the previous day. Similarly, 22K gold rose to Dh550.50 from Dh547.

## Market Volatility and Psychological Barriers

The Dh600 level has been a psychological barrier throughout February, with prices briefly surpassing it earlier in the month. On February 9 and 11, prices reached Dh610.50 before declining. Mid-month trading saw 24K gold hit Dh607.50 on February 14 and 15, then drop to Dh596.75 on February 12 and Dh602 on February 16. This suggests a consolidation phase following a late January surge.

## Global Influences on Local Prices

International gold prices significantly impact Dubai's market. Recently, gold prices rose above $4,900 an ounce after a decline due to a stronger dollar. A late January rally had pushed prices to a record high above $5,595 an ounce, followed by a correction. The market remains volatile, with gold recovering about half of its losses.

## Focus on US Federal Reserve Signals

Investors are closely monitoring the US Federal Reserve's signals regarding interest rates, which could influence gold prices. Lower rates typically benefit gold, a non-yielding asset. Federal Reserve officials have indicated that rates may remain steady until inflation trends towards the 2% target. Analysts expect continued volatility in gold prices, driven by these policy signals, geopolitical risks, and investor demand.

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