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Tuesday, November 25, 2025

Dubai: Gold prices jump nearly Dh12 in 24 hours to reach just shy of Dh500 per gram

By Vijay Valecha in 'Century in News'

Dubai: Gold prices jump nearly Dh12 in 24 hours...

Vijay Valecha, November 25, 2025, Khaleej Times

Gold prices hit a nearly one-week high in Dubai on Tuesday, selling at just shy of Dh500 per gram. At 9am UAE time, 24K was trading at Dh499 per gram, rising nearly Dh12 per gram in the past 24 hours.

Among the other variants of the precious metal, 22K, 21K and 18K were selling at Dh462, Dh443 and Dh379.75 per gram, respectively.

Spot gold was selling at $4,146.5 per ounce, up 1.25 per cent, on rate cut hopes by the US Federal Reserve.

Vijay Valecha, chief investment officer, Century Financial said mixed Federal Reserve signals are keeping traders cautious.
“New York Fed President John Williams' dovish remarks boosted expectations of a December rate cut, with markets pricing in roughly a 70 per cent probability, which normally benefits non-interest-bearing assets like gold. A stronger dollar and better risk appetite in Asian equities kept gold under some pressure, while optimism surrounding a peace treaty on the Russia-Ukraine conflict and ongoing geopolitical developments in the Middle East provided support,” he said.

Source

Khaleej Times