Dubai’s 24K gold is now at Dh523.25 per gram, with 22K around Dh484.75—levels we haven’t seen in years. Global gold prices are near historic highs, fueled by expectations of U.S. Fed rate cuts and renewed geopolitical tensions in Venezuela.
For everyday buyers and small investors, this means your budget will stretch less than before but if you bought earlier, you’re sitting pretty. The past month has seen steady gains, with 24K climbing from Dh489 to over Dh523, and 22K moving from Dh453 to almost Dh485. Momentum isn’t slowing anytime soon.
Analysts note strong bullish signals: “Gold is trading above key moving averages, with RSI near 70.8, showing momentum is building,” says Vijay Valecha of Century Financial. Key support levels sit around $4,256–$4,289 per ounce, while resistance could take it to $4,354–$4,381, near all-time highs.
Fed decisions are in focus. After a recent rate cut, markets are pricing in a chance of further easing in early 2026. Meanwhile, Venezuela tensions and global uncertainty are driving investors toward safe-haven assets like gold.
Bottom line: gold in Dubai is hot, and the trend shows no signs of cooling. If you’re planning a purchase, timing matters more than ever.
