UAE Gold Prices Fall Slightly

On Wednesday, October 21, 2026, gold prices in the UAE experienced a slight decline across all denominations compared to the previous day, amid a global downturn in gold prices for the fourth consecutive session due to rising oil prices and increased concerns over inflation. The price of 24-karat gold per gram stood at approximately 487.1 AED ($132.7), 22-karat at 446.4 AED ($121.6), 21-karat at 426.1 AED ($116.1), and 18-karat at 365.3 AED ($99.5). The price of an ounce was 15,147.6 AED ($4,127.4), and the cost per kilogram was 490,417.9 AED ($133,628.9). Globally, the spot price of gold decreased by 0.2% to $4,118.18 per ounce, with expectations that the Federal Reserve will raise interest rates in December despite ongoing inflation, potentially putting further pressure on gold prices.

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