UAE gold prices drop on June 18

Gold prices in the UAE experienced a moderate decline today, Thursday, June 18, 2026. The price of an ounce fell to $4,244 following the U.S. Federal Reserve's decision to keep interest rates unchanged for the fourth consecutive time, at 3.5% and 3.75%. Meanwhile, the price of a gram of 24-karat gold was approximately $138.46, 21-karat gold around $121.15, and 18-karat gold approximately $103.8, reflecting the impact of this decision on both the global and local markets.

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