UAE Gold Prices Rise on August 17

On Monday, August 17, 2026, the gold prices in the UAE experienced a relative increase across all karat types. This rise was supported by the decline of the US dollar and the easing of expectations for a rise in interest rates by the U.S. Federal Reserve, following economic data showing a slowdown in the labor market and pressures on inflation. The price of 24-karat gold per gram in the UAE was approximately 518.8 AED ($141.4), 22-karat around 475.6 AED ($129.6), 21-karat about 453.9 AED ($123.7), and 18-karat approximately 389.1 AED ($106.1). Meanwhile, the price of an ounce of gold was about 16,137.1 AED ($4,397.1), and a 1-kilogram bar was roughly 522,454.1 AED ($142,358.1). Globally, the spot price of gold increased by 0.4% to $4,391.07 per ounce, with the dollar index falling by 0.1%, which supported the price increase. Gold became cheaper for investors holding other currencies, and market forecasts indicate a continued uptrend toward the $4,400 per ounce level.

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