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الاقتصادية
UAE Gold Prices Post Modest Gains
Gold prices in the UAE on Wednesday, September 16, 2026, experienced a slight increase across all purity levels compared to the previous day's prices, amid modest global movements as investors awaited the US Federal Reserve's decision on interest rate hikes. The price of 24-karat gold per gram stood at approximately 510.6 AED (139.1 USD), 22-karat at 468 AED (127.5 USD), and 21-karat at 446.7 AED (121.7 USD), while the price of 18-karat gold was around 382.9 AED (104.3 USD). At the ounce level, the price reached 15,879.8 AED (4,326.9 USD), and the 1-kilogram gold bar was valued at about 514,122.4 AED (140,087.9 USD). Globally, the spot gold price decreased by 0.1%, reaching $4,288.48 per ounce after hitting its lowest level in over a month. The market is preparing for the expected interest rate increase today in the United States, which is anticipated to be around 92.4%. Gold is generally considered a safe haven for hedging against inflation, but rising interest rates tend to pressure its value since it does not generate yield.
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