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21/10/2025 04:35 AST
In Dubai, 24-karat gold hit Dh525.25 per gram and 22-karat reached Dh486 on Tuesday in what market participants described as a renewed record after last week's turbulence.
The surge follows a sharp global sell-off that earlier in the week had trimmed part of bullion's recent rally. In India, 24-karat hit ?13,069 per gram and 22-karat stood at ?11,980.
Why the spike?
Globally, gold continues to find support despite signs of easing trade tensions and expectations of a resolution to the US government shutdown. Other factors at play include hopes for US interest-rate cuts and rising central bank and ETF inflows. Spot gold recently moved above $4,200 per ounce. Analysts at major banks such as HSBC now forecast the metal could hit $5,000 an ounce in 2026.
Regional ripple-effects and consumer impact
In the UAE and neighbouring Gulf states, the run-up in price is already changing behaviour. While Dubai remains a global trade hub, high rates are deterring some retail jewellery buying and shifting demand toward lighter pieces and alternate assets
In India, where gold often has both investment and cultural appeal, the higher import parity is now pushing shoppers to compare global offerings and adjust purchase timing.
Outlook and risks
Despite the rally, technical indicators suggest caution. Some momentum metrics indicate the run that started in August may have overextended. On the risk side, any sudden easing of geopolitical or macro-economic stress could trigger a pull-back.
For investors and consumers, gold is commanding fresh attention, and the price momentum has shifted into a higher gear.
Khaleej Times
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,356.26 | 106.28 | 2.5 |
| Silver | 52.49 | 0.58 | 1.12 |
| Platinum | 1,645 | 29 | 1.79 |
| Palladium | 1,499.5 | 13.5 | 0.91 |
26/10/2025
Gold prices pared losses on Friday after slightly softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but was still set for it
BNA
26/10/2025
Jewellers and analysts remain optimistic about gold's outlook in the UAE, especially in Dubai, predicting that 24K could reach Dh550 per gram in the coming months.
However, they also issued
Khaleej Times
24/10/2025
After the post-Diwali crash, gold prices are recovering and inching towards the Dh500 mark once again. In Dubai, 24-karat gold stood at Dh495.75 per gram on Friday, while 22-karat was priced at Dh458
Gulfnews
24/10/2025
Gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying demand for safe-haven assets.
Spot gold was up 0
Khaleej Times
23/10/2025
Gold prices fell on Wednesday to a near two-week low, following their sharpest single-day drop in five years in the previous session, as investors booked profits ahead of key U.S. inflation data due
Khaleej Times
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