Gold prices in Dubai began Thursday’s trading session on a stable and slightly positive note, with 24K gold holding above the Dh610 per gram mark — a level that reflects the market’s underlying strength despite global currency movements.

As of 9am UAE time, 24K gold was trading at Dh610.75 per gram, marginally higher than the previous close. Other variants were priced at Dh565.5 for 22K, Dh542.25 for 21K, Dh464.75 for 18K, and Dh362.5 per gram for 14K gold.

In international markets, spot gold was trading at $5,077.55 per ounce, remaining largely steady in early trade. This came as the US dollar index strengthened following stronger-than-expected US employment data, reinforcing confidence in the resilience of the American economy.

Stronger Dollar Caps Gains

A firmer dollar typically makes dollar-denominated commodities such as gold more expensive for holders of other currencies, which can limit upward momentum. However, gold continues to maintain its appeal as a hedge and safe-haven asset, particularly amid ongoing global economic shifts.

Dubai Market Shows Resilience

Despite elevated price levels, Dubai’s gold market continues to demonstrate adaptability and confidence. Jewellers across the emirate report steady customer interest, with many shoppers opting for lighter pieces or diamond-studded jewellery as a more cost-conscious alternative.

Earlier this month, gold prices briefly dipped by nearly five per cent within a short span before rebounding swiftly. The recovery and the return of 24K gold to levels comfortably above Dh600 per gram highlight the depth and responsiveness of the local market.

With Dubai firmly positioned as a global hub for gold trading and jewellery retail, the emirate continues to benefit from strong infrastructure, transparent pricing, and diverse product offerings — factors that help sustain activity even during periods of international market fluctuation.

As traders monitor upcoming US economic data and currency movements, gold in Dubai remains supported by steady demand and the city’s enduring reputation as one of the world’s leading gold destinations.