UAE Gold Prices Slightly Up on August 18
Gold prices in the UAE today, Tuesday, August 18, 2026, experienced a modest increase across all carats compared to yesterday, marking the third consecutive day of rising gold prices globally. This is due to reduced fears of an interest rate hike in the United States, as investors await the Federal Reserve's policy meeting minutes to monitor monetary policy indicators. The price of 24-karat gold per gram reached approximately 518.5 AED ($141.3), 22-karat around 475.3 AED ($129.5), 21-karat about 453.7 AED ($123.6), and 18-karat approximately 388.9 AED ($105.9). Additionally, the gold ounce was priced at 16,127.1 AED ($4,394.3), while a 1-kilogram bar was valued at 522,127.3 AED ($142,269.1). Gold prices are supported by declining interest rate hike expectations and a weakening US dollar. The dollar's decline has reduced the cost of gold, enhancing its appeal as a safe haven for investors.
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