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UAE Gold Prices Fall Amid Global Decline
Gold prices in the UAE experienced a slight decline on Monday, September 14, 2026, across all denominations. This was influenced by a global downturn in prices due to rising oil prices and repeated inflation fears, which fuel expectations that the U.S. Federal Reserve will raise interest rates at its upcoming meeting. The price of a gram of 24-karat gold stood at approximately 510.8 AED (139.2 USD), while 22-karat gold was around 468.3 AED (127.6 USD), and 21-karat gold about 446.9 AED (121.8 USD). The price of an ounce of gold reached 15,887.8 AED (4,329.1 USD), and a 1-kilogram gold bar was priced at 514,382.6 AED (140,158.8 USD). Globally, the spot price of gold decreased by 0.3% to $4,334.31 per ounce. Despite this decline, expectations of a U.S. interest rate hike persist, though gold remains considered a hedge against geopolitical risks and economic tensions.
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