Global Gold Prices, in the Gulf, and the UAE
Global gold prices have risen to $4,230.80 per ounce, while in the UAE, the price of 24K gold reached AED 508.75 per gram.
- Globally: Spot gold has risen to $4,230.80 per ounce (+0.26% in the last 24 hours), supported by expectations of interest rate cuts from the U.S. Federal Reserve and geopolitical tensions. Gold is approaching its highest levels in 2025, with predictions of an additional 20% increase over the next 12 months due to demand from central banks (like the UAE, which has increased its reserves by 26% to $7.9 billion in the first 5 months of 2025).
- In the Gulf and UAE: In Dubai, the price of 24K gold has risen to AED 508.75 per gram (+1% today), with 22K priced at AED 471.25. This represents a weekly increase of 4%, driven by local and global demand. In Saudi Arabia and Qatar, prices are in line with Dubai (around AED 508-510 for 24K). Traders expect to test the AED 500 barrier soon, with increased industrial demand for silver also expected.
Sources & References
Gulf news - livepriceofgold.com
Editorial Note
Edited & Reviewed by the Ecopulse Editorial Board 1/23/2026, 23:00:23 UTC
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