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2026-10-20T09:43:00.000Z

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UAE Gold Prices Calm on October 20

UAE Gold Prices Calm on October 20

On Tuesday, October 20, 2026, gold prices in the UAE experienced relative stability, with a slight global increase driven by a weakened US dollar and investor anticipation ahead of next week's Federal Reserve meetings to determine the direction of interest rates. The price of 24-karat gold per gram was around $132.9, while 22-karat reached $121.9, and 21-karat was $116.3. The ounce of gold traded at $4,134.5. Additionally, the global spot gold price increased by 0.1% to reach $4,145.22 per ounce, supported by the US dollar's decline, which enhances gold's appeal when priced in other currencies and influences precious metal prices.

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