Monday, May 25, 2026
Gold prices remain under pressure in Dubai, lose Dh25 in 11 days
By Vijay Valecha in 'Century in News'
Vijay Valecha, Mon, May 25, 2026 Khaleej times
Analysts say precious metals remain under pressure as delays in resolving the US-Iran conflict involving the US and Iran keep energy prices elevatedThe 24K gold price was trading at Dh545.75 per gram when markets opened on Friday, down from Dh547.50 per gram at the close of trading on Thursday. It is down Dh25 per gram since this month’s peak of Dh570.75 per gram recorded on May 11.
Among the other variants of the precious metals, 22K, 21K, 18K, and 14K gold prices were trading at Dh505.25, Dh484.50, Dh415.25, and Dh324.00 per gram, respectively.
Spot gold was trading at $4,532.95 an ounce, down 0.18 per cent.
Silver was up 0.55 per cent at $76.77 an ounce.
Vijay Valecha, Chief Investment Officer at Century Financial, said precious metals remain under pressure as delays in resolving the US-Iran conflict keep energy prices elevated, supporting the ascent of Treasury yields.
Silver is showing more volatile price moves than gold. The path of least resistance for precious metals remains lower, he said.
US President Donald Trump threatened to resume strikes on Iran in the coming days as part of a push to end the war, less than a day after saying he had just called off a US attack.
These types of investors are more risk-averse, prefer to have high cash positions and would wait for market stabilisation before entering into new positions. They also prefer safer equity and fixed income allocation, like high dividend yield UAE stocks and Sovereign Bonds. Gold can also be a great opportunity for such investors.
The Iran conflict isn’t the only factor pushing yields higher. The other factor has been growing fiscal concerns about additional government spending to stimulate economic growth. The dimming upside for precious metals is also due to TIPS yields (real yields) having surged, suggesting investors anticipate an increase in inflation-adjusted borrowing costs,added Vijay Valecha
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