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Sunday, January 18, 2026

Dubai: Gold price jumps over Dh8 per gram to record high

تم إعداد هذا المنشور من قبل فيجاي فاليتشا

Dubai: Gold price jumps over Dh8 per gram to...

Vijay Valecha, January 19, 2026, Khaleej TImes

Investors are moving into safe-haven assets due to protests in Iran and rising tensions between the US and EU over Greenland

Gold and silver prices in Dubai started the week on a record high again, as the yellow metal rose over Dh8 per gram on Monday morning, amid mounting tensions after US President Donald Trump threatened to impose additional tariffs on the European Union over control of Greenland.

According to Dubai Jewellery Group data, 24K gold price jumped Dh8.25 per gram to Dh562, while 22K gold price rose Dh7.5 per gram to Dh520.25 per gram.

Among the other variants, 21K, 18K and 14K were also trading at a record high of Dh499.0, Dh427.75 and Dh333.5 per gram, respectively. Globally, gold jumped to $4671.72 per ounce, up 1.64 per cent, at 9.25 am UAE time. Similarly, silver also jumped to $94 per ounce, but was trading slightly slower at $93.19 at 9.25 am UAE time.

Vijay Valecha, chief investment officer, Century Financial, said fundamentally, gold looks bullish. “As geopolitical risks increase, investors typically move into safe-haven assets like gold. Key concerns include intensifying protests in Iran and growing tensions between the US and EU over Greenland, with the US sharpening its rhetoric.
"Moreover, the White House said that President Trump signed an order to protect the US supply of rare earths, contributing to the momentum. Lastly, concerns over the US Federal Reserve’s independence remain a key concern. Central bank chiefs across the globe voiced support for the Fed Chair after Trump threatened to indict him,” he said.

Technically, Valecha sees gold may face resistance around $4,685 on the ascending trendline.

Source

Middle East Economy

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