Dubai Gold Prices Drop Below Dh600 Amid Global Market Adjustments

Feb 17, 2026

78 min

Feb 17, 2026 05:30

## Dubai Gold Prices Fall

Gold prices in Dubai have decreased, with 24-carat gold now priced at Dh598.50 per gram, down from Dh602.00. The 22-carat gold rate also fell to Dh554.25. This decline follows a recent surge in prices, influenced by global market trends.

## Global Market Influence

The drop in Dubai's gold prices is part of a broader global correction. Internationally, gold prices have slipped below the $5,000 mark, a significant psychological level. Analysts describe this as a technical correction rather than a change in market sentiment.

## Impact on Local Buyers

For UAE residents, especially those planning to purchase jewelry or send remittances, the price drop could be an incentive to buy before Eid Al Fitr. Typically, gold sales slow during the first half of Ramadan but pick up as Eid approaches.

## Indian Market Trends

In India, gold prices have also fallen, with 24-carat gold priced at ₹154,910 per 10 grams, down from ₹156,440. This reflects both the global market correction and currency fluctuations.

## Market Analysis

Analysts suggest that the recent price movements are a "healthy breather" after last week's rally, driven by US inflation data and expectations of Federal Reserve rate cuts. The current environment, with major markets like the US and China closed for holidays, has allowed the US dollar to exert more pressure on gold prices.

## Future Outlook

The key question for investors and buyers is whether this dip is a temporary consolidation or the start of a deeper pullback. With the Holy Month and Eid-Al-Fitr approaching, market dynamics could shift further.

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