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Thursday, January 15, 2026
Dubai: Gold prices slip on profit-taking; 24K continues to trade above Dh550
By Vijay Valecha in 'Century in News'
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Vijay Valecha, January 15, 2026, Khaleej Times
Gold prices dropped in Dubai and globally on Thursday morning, following a record high in the previous sessions, as profit-taking and softer geopolitical tone hit safe-haven asset demand.
According to Dubai Jewellery Group data, 24K gold price was trading at Dh553.0 per gram, down nearly Dh2 per gram.
The 22K gold price slipped to Dh512.25 per gram. Among the other variants, 21K, 18K and 14K were selling lower at Dh491, Dh421 and Dh328.25 per gram, respectively. Spot gold was trading at $4,590, down 0.8 per cent at 9 am UAE time.
The precious metal continues to command strong demand, reaching a record high on Wednesday.
From a technical perspective, Century Financial's chief investment officer said, gold could face resistance near $4,675, based on the trendline connecting the highs from October 27, November 13, and December 26, 2025. Support is around $4,550, a previously tested level.
Source
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