Dubai Gold Prices Exceed Dh600, Buyers Hesitant

Feb 19, 2026

66 min

Feb 19, 2026 06:30

Dubai gold crosses Dh600, shoppers rethink buying plans

## Gold Prices Surge in Dubai

Gold prices in Dubai have surged past the Dh600 mark, causing uncertainty among buyers. As of Thursday morning, the 24-karat gold rate reached Dh600.75 per gram, slightly up from the previous day's Dh600.50. The 22-karat gold remained stable at Dh556.25.

## Volatile Market Conditions

The local gold market has experienced significant volatility throughout February, with prices fluctuating between strong rallies and sharp declines. Early in the month, prices were below Dh590, then rose above Dh610, only to fall back to the mid-Dh590 range before climbing again. This instability has led many potential buyers to adopt a cautious approach, particularly those considering large jewelry purchases.

## Global Influences

Market analysts attribute the price swings to global factors rather than local demand changes. International economic conditions and geopolitical tensions continue to influence gold prices. Recent Federal Reserve discussions have added to the uncertainty, with officials hesitant to reduce interest rates quickly. A stronger US dollar, buoyed by robust economic data, has also impacted gold sentiment.

## Future Outlook

Despite the current volatility, forecasts suggest a generally positive outlook for gold. Geopolitical tensions and monetary policy uncertainties are expected to keep influencing investor behavior. Analysts predict that gold will remain volatile in the near term, prompting Dubai shoppers to closely monitor price trends before making purchasing decisions.

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