Dubai Gold Prices Rise, Approaching July Levels

Jul 27, 2026

49 min

Jul 27, 2026 05:31

Dubai gold prices are climbing again. Here’s how far they remain from July’s peak

## Gold Prices Climb in Dubai

Dubai's gold market saw an increase in prices on Monday, with 24-karat gold reaching Dh493.50 per gram, up from Dh488.50 the previous day. This rise follows a series of fluctuations throughout July, where prices had initially surpassed Dh500 early in the month before experiencing a decline.

## July Price Trends

At the start of July, 24-karat gold was priced at Dh489.75, climbing to a peak of Dh503 on July 4 and 5. However, prices later dropped, reaching a low of Dh481.50 mid-month. The market has since recovered, with prices nearing the Dh500 mark again.

## Global Bullion Market

Internationally, gold prices have also been on the rise, surpassing $4,100 an ounce. This increase comes amid easing tensions between the US and Iran, which had previously heightened concerns over oil supply and inflation. The Federal Reserve's upcoming interest rate decision is now a focal point for traders, as it could impact gold's appeal as a non-yielding asset.

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