UAE gold prices on August 9, 2026

Gold prices in the UAE have increased across all denominations, with the price of 24-karat gold reaching approximately 512.3 AED per gram (139.6 USD). Globally, gold experienced its largest weekly gain since January, with the price of an ounce rising by about 2.43% to reach 4,342.41 USD, driven by reduced inflation fears linked to the Middle East peace agreement, which led to lowered expectations for U.S. interest rate hikes. Additionally, the Chinese central bank officially increased its gold reserves by 20 tons during July, marking the largest monthly purchase since October 2023, bringing China's total reserves to a record 2,366 tons since the beginning of the year.

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