Gold price in UAE August 12

Gold prices in the UAE today, Wednesday, August 12, 2026, increased significantly by about 1% globally, supported by a drop in expectations of a Federal Reserve rate hike, pending US inflation data that could influence monetary policy. The price of a gram of 24-karat gold reached approximately 518.7 AED ($141.3), 22-karat gold was around 475.4 AED ($129.6), and 21-karat gold hit 453.9 AED ($123.7). Additionally, the price of an ounce of gold in the UAE stood at 16,133.3 AED ($4,396), and a 1-kilogram gold bar was approximately 522,330.5 AED ($142,324). The global rise in gold prices was mainly driven by decreased expectations of a US interest rate hike, following weak US jobs data that is expected to reduce the likelihood of future rate increases.

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