Gold prices in Dubai continued their downward slide on Friday, September 25, 2026. Twenty-four karat gold opened the Friday session at Dh513.75 per gram, down from Dh514.25 at Thursday's close. Over the past month, the metal has shed roughly Dh40 per gram, retreating from around Dh554 a gram a month earlier.
Other karats followed the same trend: 22K settled at Dh475.75, 21K at Dh456.00, and 18K at Dh391.00 per gram.
Globally, spot gold slipped to $4,261 an ounce, while silver fell about 0.2 percent to $63.40 an ounce.
Analysts point to a stronger US dollar, rising Treasury yields, inflation concerns tied to elevated oil prices, and expectations of a tighter US Federal Reserve policy stance as the main drivers behind the pullback. Higher bond yields tend to make gold, which pays no interest, less attractive relative to yield-bearing assets, pulling investment flows toward bonds and the dollar instead.
For buyers in Dubai, one of the region's busiest gold trading hubs, the retreat offers a cheaper entry point for jewellery and investment purchases, particularly ahead of the wedding and festive seasons when demand typically rises. Sellers and holders of gold inventory, on the other hand, are seeing the value of their existing stock decline in tandem with global prices.
Traders in the Gold Souk and across Dubai's jewellery retail sector are watching upcoming US economic data and Federal Reserve signals closely, as further monetary tightening could extend the current slide, while any dovish shift could quickly reverse the trend and push prices back up.