UAE Gold Prices on October 1
Gold prices in the UAE experienced a slight increase on Thursday, October 1, 2026, across all denominations. The price of 24-karat gold per gram reached 494.1 dirhams (approximately $134.6), while 22-karat gold stood at 452.9 dirhams (about $123.4). Additionally, the price of 21-karat gold was 432.3 dirhams (around $117.8) per gram, and 18-karat gold was priced at 370.6 dirhams (approximately $100.9). In the global markets, the price of an ounce remained steady at $4,146.66, while futures contracts declined by 0.3%. Expectations of a potential US interest rate hike in December persist, despite decreased chances of an increase in October. The appeal of gold has diminished due to rising interest rates, which reduce returns and negatively impact the price of this precious metal.
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