UAE Gold Prices Rise on July 19

On Sunday, July 19, 2026, gold prices in the UAE experienced a slight increase across all denominations compared to last week's closing prices. However, gold recorded its largest weekly loss in six weeks by the end of trading on Friday, July 17, due to escalating military tensions between the United States and Iran, which heightened inflationary pressures and increased the likelihood of U.S. interest rate hikes. The prices indicated that 24-karat gold reached 474.02 AED (129.16 USD), 22-karat gold hit 434.52 AED (118.40 USD), 21-karat gold was 414.77 AED (113.02 USD), and 18-karat gold stood at 355.52 AED (96.87 USD). Additionally, the gold ounce price was 14,743.71 AED (4,017.36 USD), and a 1 kg bar was valued at 477,340.65 AED (130,065.5 USD). Globally, gold experienced fluctuations, rising by 1% to reach $4,011.29 per ounce after previously falling during the session to its lowest level since June, amid tensions in the Middle East and concerns over inflation and rising bond yields.

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