Dubai Gold Prices Hold Firm: 24K Gold Stays Above Dh 500 Per Gram

(Dubai, UAE) – Gold prices in Dubai showed stability in Thursday's morning trading, with 24K gold maintaining a key psychological level above Dh 500 per gram. According to the latest data from the Dubai Jewellery Group, 24-carat gold was priced at Dh 500.25 per gram, providing a steady environment for investors and jewellery buyers.

The price stability across all purities offers a clear snapshot for market participants. Alongside 24K gold, other variants were quoted as follows:

• 22K gold: Dh 463.25 per gram
• 21K gold: Dh 444.25 per gram
• 18K gold: Dh 380.75 per gram

These rates, recorded at the opening of the city's jewellery markets, highlight the consistent demand for the precious metal in both investment and ornamental forms.

Global Market Influence on Dubai Gold Prices

The local prices mirror the global trend, where spot gold hovered around $4,152.62 per ounce. This represents a minor decline of 0.36%, yet the overall market sentiment remains buoyant.

Analysts attribute this underlying strength to growing expectations that the U.S. Federal Reserve may cut interest rates in December. Weaker-than-expected U.S. economic data and dovish commentary from Fed officials have fueled this speculation. As gold is a non-yielding asset, it becomes more attractive in a lower interest rate environment, which is currently supporting its price floor.

What This Means for Gold Buyers in Dubai

For consumers and investors, the current market conditions present specific opportunities:

• For Investors: With 24K gold above Dh 500/gram, coins and bars remain a prime choice for those seeking a long-term, tangible asset to hedge against market volatility and inflation.
• For Jewellery Buyers: The stability in prices for 22K and 18K gold makes it an opportune time for jewellery purchases, as the market is not experiencing large short-term swings. The durability and lower price point of these purities continue to make them popular for crafting intricate jewellery pieces.

The steady pricing suggests a period of market consolidation, giving buyers confidence without the pressure of rapid price fluctuations.

Why All Eyes Are on the U.S. Federal Reserve

The trajectory of gold prices is intricately linked to U.S. monetary policy. When the Fed signals a potential rate cut, the opportunity cost of holding gold decreases. This often triggers a shift of capital from yield-bearing assets to safe-haven assets like gold.

This dynamic reinforces gold's classic role as a hedge against economic uncertainty, currency fluctuations, and inflation. The current market optimism about looser monetary policy is a key pillar supporting gold's current valuation.

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Market Outlook and Key Factors to Watch

While the market is stable, investors should monitor several factors that could influence future price movements:

• U.S. Economic Data: Key indicators like inflation reports and employment figures will directly impact the Fed's decision-making.
• Federal Reserve Commentary: Any shift in tone from Fed officials regarding the timing of rate cuts will cause immediate market reactions.
• Geopolitical Events: Global instability often increases the safe-haven demand for gold.

In summary, as of Thursday, November 27, 2025, the Dubai gold market offers stability for both investors and jewellery enthusiasts, underpinned by global macroeconomic trends and anticipations of a shift in U.S. interest rate policy.