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Monday, September 07, 2026

Gold prices in Dubai dip; 22K drops to nearly Dh490 per gram

تم إعداد هذا المنشور من قبل فيجاي فاليتشا

Gold prices in Dubai dip; 22K drops to nearly...

Vijay Valecha, Mon, Sept 7, 2026 Khaleej Times

Globally, spot gold was trading at $4,402.4 per ounce, down 0.53 per cent as of 9:11am UAE time. Silver was trading at $65.83 per ounce, down also 0.53 per cent

Gold prices in Dubai dipped at the start of the week as investors await key US inflation reports due later this week.

The 24K variant of the precious metal was trading at Dh530 per gram at the market open on Monday, down from Dh533.75 at the close of the markets on Friday. The other variants, 22K, 21K, 18K, 14K, were trading at Dh490.75, Dh470.50, Dh403.25, and Dh314.50, respectively, according to data by Dubai Jewellery Group.

Globally, spot gold was trading at $4,402.4 per ounce, down 0.53 per cent as of 9:11am UAE time. Silver was trading at $65.83 per ounce, down also 0.53 per cent.

Gold has been supported by shifting expectations for U.S. monetary policy, Vijay Valecha, CIO of Century Financial, said.

“Federal Reserve Governor Christopher Waller indicated that he would favor keeping interest rates unchanged if inflation continues to moderate. This has reduced expectations of an imminent rate hike, although markets still price roughly a 50 per cent chance of a Fed hike later this month,” he explained.

The analyst said that the NFP report is the main near-term catalyst for this, adding that a weaker-than-expected payrolls figure, could strengthen expectations for a Fed pause and provide further upside for gold.

“On the other hand, stronger labor market data could revive rate-hike expectations and trigger some profit-taking. With next week’s inflation data also in focus, volatility is likely to remain elevated,” Valecha added.

Source

Khaleej Times