UAE Gold Prices Drop on June 29

Gold prices in the UAE declined today, Monday, June 29, 2026, with all denominations falling compared to yesterday's prices. This comes amid a global decrease in gold of 0.5% per ounce, driven by rising oil prices and expectations of interest rate hikes by the Federal Reserve, which signals a possible increase in July and December. Meanwhile, the price of 24-karat gold per gram stood at approximately 478.1 AED (130.3 USD), and 21-karat gold around 418.3 AED (113.9 USD).

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