Loading ...
Friday, August 21, 2026
Dubai gold prices rise further, jump nearly Dh60 per gram this month so far
By Vijay Valecha in 'Century in News'
Vijay Valecha, Fri, Aug 21, 2026 Gulf Business
24K gold price jumps to Dh547 per gram at Friday’s open in Dubai, up Dh60 this month. Spot gold trades above $4,500 an ounce globally, on track for third weekly gainGold price rally continues in Dubai on Friday as the precious metal heads towards Dh550 per gram.
According to Dubai Jewellery Group data, 24K gold price jumped Dh3 per gram to Dh547 at the market open on Friday. It has gained Dh6 per gram in the past 24 hours and approximately Dh60 per gram this month so far.
Among the other variants of the precious metal, 22K, 21K and 18K were trading higher at Dh506.5, Dh485.75 and Dh416.25 per gram, respectively.
Spot gold was trading above Dh4,500 an ounce, at $4,536 per gram, up 0.5 per cent in early trade.
Vijay Valecha, Chief Investment Officer, Century Financial, said gold is completing a rounded-bottom recovery on the daily chart, having reclaimed the $4,461–$4,490 zone after basing in the $4,000–4,100 region through June and August.
“Immediate resistance sits at $4,525, and a break above this level would open the path toward $4,600-4,700 and the $4,773 zone further out. On the downside, support holds at $4,461-4,489, with deeper support near $4,400. As long as gold holds above this zone, the current pullback looks more like profit-taking within a broader bullish structure than the start of a reversal,” he said.
Source
__1372577620.jpg)
__399202320.jpg)
__1310535975.jpg)
Regulated by CMA
Century Financial Consultancy LLC
.png)
.png)
.png)
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.
