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Tuesday, January 20, 2026

Dubai gold prices up Dh50 per gram so far this year, hit a record high

تم إعداد هذا المنشور من قبل فيجاي فاليتشا

Dubai gold prices up Dh50 per gram so far this...

Vijay Valecha, January 20, 2026, Khaleej Times

Gold achieved another milestone as 21K became the third variant of the precious metal to surpass Dh500 per gram in Dubai and the UAE after 24K and 22K

Gold rally continued as prices hit a new milestone, surpassing Dh570 per gram in Dubai on Tuesday evening and rising by more than Dh50 per gram in just three weeks this year.

The 24K gold price was trading at Dh571.25 per gram, while 22K, 21K, 18K and 14K were selling at Dh529.0, Dh507.25, Dh434.75 and Dh339.25 per gram, respectively, on Tuesday evening.

In Dubai, the 24K gold price has risen by over Dh50 per gram year-to-date as it closed at Dh520 last year. On Tuesday, gold achieved another milestone as 21K became the third variant of the precious metal to surpass Dh500 per gram in Dubai and the UAE after 24K and 22K.

Globally, gold was trading at $4,727.51 per ounce, up 1.05 per cent at 7.30 pm UAE time, driven by the US-Europe row over Greenland and concerns around a criminal investigation against US Federal Reserve chief Jerome Powell.

“The Greenland crisis has sparked sharp safe-haven demand amid Trump's threat of EU tariffs. Additionally, criminal probes into Fed Chairman Powell have shaken confidence in the dollar, which had supported commodities. Finally, non-stop accumulation by central banks continues to provide a solid institutional support for the precious metals. Should tensions in Greenland continue and Fed independence concerns escalate, new highs are probable,” said Vijay Valecha, chief investment officer of Century Financial.

Source

Khaleej Times

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