Dubai Gold Prices Surge After Significant Weekly Increase

May 7, 2026

62 min

May 7, 2026 07:30

Dubai gold prices rise again after a Dh21 jump this week

## Gold Prices Climb in Dubai

Dubai's gold market witnessed a notable rise in prices this week, with 24K gold reaching Dh569.50 per gram on Thursday morning. This marks a significant increase of Dh21 per gram since the start of the week when it was priced at Dh548.50.

The 22K gold, popular for jewelry, also saw a rise, moving to Dh527.25 per gram from Dh508 at the beginning of the week. This increase of Dh19.25 highlights the volatility in the market.

## Price Fluctuations

Earlier in the week, prices had dipped, with 24K gold dropping to Dh546 and 22K to Dh505.50 on May 4. However, a strong recovery followed, with prices climbing steadily over the next few days.

The most significant jump occurred between May 5 and May 6, when 24K gold surged by Dh18 per gram in a single day.

## Global Influences

The rise in Dubai's gold prices aligns with global trends, where gold has been trading above $4,700 an ounce. This increase is attributed to lower bond yields and a weaker dollar, which generally boost gold's appeal.

Additionally, geopolitical developments, including potential progress in US-Iran negotiations, have influenced market dynamics. These factors, combined with inflation concerns, continue to impact gold prices globally.

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