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Gold Prices in Dubai Hit Record-Breaking High

Historic surge as 24K gold hits Dh502.5 per gram before easing slightly; global trends and US rate cut expectations fuel rally.

  • Publish date: Tuesday، 14 October 2025 Reading time: 1 min read
Gold Prices in Dubai Hit Record-Breaking High

Gold prices in the UAE hit an all-time high on Tuesday morning, crossing the Dh500 per gram mark for the first time in history.

Read More: Where To Buy Gold In Dubai and More...

According to the Dubai Jewellery Group, 24K gold opened at Dh502.5 per gram, rising from Dh493.25 at Monday’s close — an increase of Dh9.25 per gram. Meanwhile, 22K gold also climbed by Dh8.5, reaching Dh465.25 per gram in early trade, up from Dh456.75 the previous day.

Later in the day, prices eased slightly, with 24K trading at Dh497.0 and 22K at Dh460.25 per gram.

On the global front, gold was priced at $4,105.66 per ounce, down 0.17%, after briefly touching a record high of $4,179.6 per ounce. Analysts attribute the surge to investor optimism over potential US interest rate cuts and ongoing concerns surrounding the US-China trade dispute.

Christian Gattiker, Head of Research at Julius Baer, described the week as a landmark moment for precious metals.

“The drivers behind the record run are unchanged: slowing US growth, lower US interest rates, and a weaker US dollar. Concerns about the independence of the US Federal Reserve and the US government shutdown are further fuelling the bullish mood,” he said.

Gattiker added that while short-term pullbacks may occur, the long-term outlook for gold and silver remains strong, with silver also reaching a new record above $50 per ounce.

With gold surpassing $4,000 per ounce globally and Dh500 per gram locally, experts say the milestone reflects growing investor confidence in precious metals as a safe haven amid global economic uncertainty.

Read More: The Gold Economy. Understanding Carats/Karats

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