Gold prices in UAE decline July 28

Today, Tuesday, July 28, 2026, gold prices in the UAE experienced a slight decline across all purities compared to yesterday. This decline was influenced by the rising US dollar and financial market tensions, as investors await the Federal Reserve's monetary policy decision, which is expected to either keep interest rates unchanged or raise them. The price of 24-karat gold per gram stood at 477.2 AED (approximately $130), while 22-karat gold was valued at 437.4 AED ($119.2), 21-karat at 417.5 AED ($113.8), and 18-karat at 357.9 AED ($97.5). The price of an ounce of gold reached 14,842.1 AED ($4,044.2), and a kilogram bar was priced at 480,527.4 AED ($130,933.9). Globally, the spot price of gold fell by 0.7%, reaching $4,044.81 per ounce. The market is closely watching the upcoming Federal Reserve meeting and the decision to either raise or keep interest rates steady, which is expected to impact gold prices in the coming period.

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