UAE Gold Prices Drop Today
On Sunday, October 11, 2026, gold prices in the UAE experienced a relative decline at the start of trading compared to the end-of-week prices. Meanwhile, global gold prices rose by approximately 1.3% at the close of the week, supported by falling oil prices and a weakening dollar, which boosted demand for the precious metal. According to gold-price.com, the price of 24-karat gold per gram in the UAE was 494.9 dirhams (about $134.8), 22-karat at 453.6 dirhams (approximately $123.6), and 21-karat at 433 dirhams (around $118). The price of an ounce of gold in the UAE reached 15,393.2 dirhams (about $4,194.3), while a 1-kilogram bar was valued at 498,369.3 dirhams (approximately $135,795.5). Globally, gold prices rose to their highest level in a week, reaching $4,194.36 per ounce, after dropping to a two-month low last Wednesday due to the dollar's strength and rising US Treasury yields, before investors resumed buying. Financial institutions expect gold prices to recover during the final quarter of 2026, with recent forecasts ranging between $4,500 and $4,900 per ounce, despite the impact of rising yields and a strong dollar on prices.
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