Loading ...
Monday, October 05, 2026
Dubai gold prices lose Dh35.75 in one month; 14K trades below Dh300 per gram
By Vijay Valecha in 'Century in News'
Vijay Valecha, Mon, Oct 5, 2026 Khaleej Times
The precious metal eased as the US dollar held strong, although losses were limited after recent soft economic data sharply reduced expectations of a Federal Reserve rate hike this month
The 24K variant was trading at Dh498 per gam at the open of the markets on Monday, down from Dh499 over the weekend.
Gold prices in Dubai held steady at the start of the week after losing Dh35.75 in one month.
The 24K variant was trading at Dh498 per gam at the open of the markets on Monday, down from Dh499 over the weekend, according to data by Dubai Jewellery Group.
The other variants of the precious metal, 22K, 21K, 18K, and 14K, were trading at Dh461, Dh442, Dh379, and Dh295.5 per gram, respectively.
Spot gold fell 0.18 per cent to $4,132.2 per ounce. Silver was up 0.84 per cent, trading at $60.92.
The metal eased as the US dollar held strong, although losses were limited after recent soft economic data sharply reduced expectations of a Federal Reserve rate hike this month, according to reporting by Reuters.
Financial analyst and CIO of Century Financial, Vijay Valecha, said last week that investors have dialled back the probability of an October rate hike to nearly 50 per cent, compared with previous estimates of 70 per cent.
Valecha also pointed to rising US Treasury yields as a risk to gold's recovery, with the 30-year yield climbing above 5.61 per cent, its highest level since 2002.
He said upcoming US economic data, including the core personal consumption expenditures (PCE) price index and non-farm payrolls report, would be key to gold's near-term direction. Gold could retest support around $4,120 before making further gains, he added.
Source__2144975706.jpg)
__1635413530.jpg)
Regulated by CMA
Century Financial Consultancy LLC
Reach us:
-
Dubai
6th Floor, Emaar Square Building 4,
Downtown, Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
27th Floor, Office 2701,
Shining Towers, Abu Dhabi, UAE -
Sharjah
29th Floor, Office 2905,
The Business Tower, Sharjah, UAE - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries substantial risk. Leveraged over-the-counter (OTC) derivatives, such as Contracts for Difference (CFDs) and spot forex, may result in losses exceeding initial deposits and may not be suitable for all investors. These complex instruments do not confer ownership of the underlying assets. Investors should carefully consider their investment objectives and risk appetite, and seek independent professional advice if necessary.
Century Financial Consultancy LLC (CFC) is licensed and regulated by the Capital Market Authority (CMA) of the UAE under license numbers 20200000028 and 301044 to carry out the activities of Financial Products dealer, Trading Broker in international markets, Trading Broker of OTC derivatives and currencies in the spot market, Introduction, Financial Consultations, and Promotion. CFC is incorporated under UAE law, registered with the Dubai Economic Department (No. 768189), with its office at 601, Level 6, Building No. 4, Emaar Square, Downtown Dubai, UAE, PO Box 65777.
The content on this website is provided solely for informational and educational purposes and does not constitute an offer, recommendation, or solicitation to buy or sell any securities or financial products.
Products and services offered by CFC are not intended for use in any jurisdiction where such use or distribution would breach local laws or regulatory requirements.
⚠️ Alert: Fraudulent Activity Notice
Century Financial Consultancy LLC (“Century”) has become aware of fraudulent individuals and entities impersonating our firm through unofficial websites, social media channels, and messaging applications such as Telegram, WhatsApp, and Discord.
Please be advised:
- Century does not manage investments on behalf of clients.
- Century does not solicit funds or guarantee investment returns.
- Century does not accept or make payments in cash, cryptocurrency, or digital assets.
- We do not conduct business via social media or messaging platforms.
Our only official website is www.century.ae, and all communication is conducted exclusively through verified channels.
We strongly urge the public to remain vigilant, verify the authenticity of any communication claiming to be from Century, and report any suspicious activity. Century disclaims any responsibility for losses arising from dealings with unauthorised or fraudulent parties.
