UAE Gold Prices Edge Higher as Global Uncertainty Lingers

Gold prices in the UAE saw a slight uptick on Monday as global investors turned to safe-haven assets amid ongoing geopolitical and economic concerns. The modest rise aligns with global market movements where gold is regaining traction despite recent volatility.

Current Gold prices in the UAE

In the UAE, 24K gold was priced at AED 367.75 per gram, while 22K gold opened at AED 339.00. The 21K and 18K variants were trading at AED 325.25 and AED 278.75 per gram, respectively.

On the international front, spot gold increased by 0.32%, reaching $2,326.27 per ounce at 04:55 GMT. Gold futures followed suit with a 0.41% gain, trading at $2,343.65 per ounce.

 
Why Gold Prices in the UAE are Rising – A Safe-Haven Amid Uncertainty

Market sentiment remains cautious as investors digest recent data and geopolitical tensions. With inflation concerns and speculation about future interest rate moves by the Federal Reserve, gold has once again become a preferred choice for those seeking stability.

The ongoing uncertainty in major economies is encouraging more investors to revisit gold, traditionally seen as a buffer against inflation and economic shocks.

Price Variations Across Markets

Gold prices in the UAE can vary based on local demand, currency exchange rates, and import duties. While global benchmarks set the tone, retail prices in the UAE also reflect premiums and making charges.

Other Precious Metals Show Mixed Performance

Spot silver experienced a slight dip of 0.13% to settle at $27.52 per ounce. Meanwhile, platinum edged up by 0.12% to $942.75 per ounce, and palladium rose 0.15% to $1,025.80 per ounce.

Market Outlook

Analysts expect gold to remain resilient in the short term, supported by central bank purchases and investor demand amid economic uncertainties. However, upcoming economic data releases and interest rate decisions will be crucial in determining the metal’s trajectory.

 
Source: Adapted from original reporting by FXStreet – “United Arab Emirates Gold Price Today: Gold rises, according to FXStreet data”, published April 8, 2025.