UAE Gold Prices Rise on August 16

Gold prices in the UAE on Sunday, August 16, 2026, experienced a moderate increase at the start of trading, influenced by international gold prices. Global gold prices declined after U.S. jobs, inflation, and retail data prompted investors to reduce their bets on a Federal Reserve interest rate hike in September. The price of 24-karat gold per gram in the UAE stood at approximately 516.41 AED ($140.71), while 22-karat was around 473.37 AED ($128.98), 21-karat at 451.86 AED ($123.12), and 18-karat at 387.30 AED ($105.53). The price of one-ounce gold reached 16,061.9 AED ($4,376.56), and a one-kilogram gold bar was approximately 520,020.6 AED ($141,694.9). Globally, the price of gold rose by 0.9%, reaching $4,375.89 per ounce by the end of the week, supported by a decline in the dollar index and weak profit-taking, while futures prices increased to $4,437.30.

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