Gold prices in UAE decline on July 24, 2026

Gold prices in the UAE today, Friday, July 24, 2026, experienced a relative decline across all denominations compared to yesterday’s levels, due to a dip in global gold prices. The price per gram of 24-karat gold was approximately 475.2 AED ($129.4), for 22-karat at 435.6 AED ($118.7), for 21-karat at 415.8 AED ($113.3), and for 18-karat at 356.4 AED ($97.1). Additionally, the price of an ounce of gold reached 14,781.7 AED ($4,027.7), and a one-kilogram bar was valued at 478,570.4 AED ($130,400.7). Globally, the spot price of gold declined by 0.4% to $4,030.09 per ounce, with expectations that it will continue to experience short-term fluctuations, despite recording a modest weekly gain of 0.4%. The decline is attributed to Brent crude oil surpassing $100 per barrel and heightened concerns over rising inflation, as the market anticipates the Federal Reserve potentially raising interest rates.

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