10/02/2026 04:22 AST

Gold prices rose above Dh600 per gram again at the start of the week due to a weaker US dollar.

The 24K gold price in Dubai rose to Dh603.75 per gram on Monday morning while 22K, 21K, 18K and 14K gold jumped to Dh559.25, Dh536.25, Dh459.5 and Dh358.5 per gram, respectively.

The 24K gold price has been crossing the Dh600 milestone a few times over the past couple of months before profit-taking pushed the precious metal lower.

Globally, spot gold rose above $5,000 per ounce, trading 1.25 per cent higher at the opening of the markets on Monday morning.

Joseph Dahrieh, managing director at Tickmill, said gold prices remained volatile but traded broadly near the same levels seen during the last few trading sessions.

"The market could stabilise gradually after its last sell-off, but could continue to react to new data and geopolitical developments. The latter could fuel demand for safe-haven assets," he said.

In the Middle East, US-Iran talks remain a point of focus. While diplomacy offers the potential to ease tensions, tense rhetoric and military incidents fuel some caution. Any setback or escalation would likely revive gold-buying interest. In Eastern Europe, hostilities continued despite recent peace talks, reinforcing a persistent geopolitical risk premium that underpins gold.

Dahrieh added that institutional flows remain a key pillar.

"Gold-backed ETFs recorded a strong inflow of 44.8 tonnes in the week to January 30, the largest since mid-October. Asia led the demand, offsetting modest outflows in Europe and reinforcing the broader bullish structure for the precious metal," he added.


Khaleej Times

Ticker Price Volume
(In US Dollar) Change Change(%)
Gold 4,865.35 -514.81 -9.57
Silver 84.7 -31.16 -26.89
Platinum 2,164.5 -459 -17.5
Palladium 1,718.5 -276 -13.84
Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

10/02/2026

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spo

Asharq Al Awsat

After losing Dh29, gold prices recover Dh19 per gram in UAE

04/02/2026

Gold prices bounced back in Dubai on Tuesday morning, recovering some of the losses recorded in the previous session.

The 24K gold price jumped Dh19 per gram to Dh579.75 per gram at the open

Khaleej Times

Gold, Silver Fall as CME Margin Hike Stokes Selling

03/02/2026

Gold and silver prices pared some losses but remained under pressure on Monday, after increased CME margin requirements added to the selling pressure following last week's selloff sparked by Kevin Wa

Asharq Al Awsat

Gold, silver panic sell-off in UAE driven by profit-booking, say jewellers

02/02/2026

The recent panic selling in gold and silver by UAE residents and investors was driven by fear-based profit-booking rather than distress selling caused by short-term price volatility, according to jew

Khaleej Times

Why is there demand for gold even as prices keep hitting record highs now?

30/01/2026

Global demand for gold broke records in 2025 as investors rushed into the metal and prices surged to repeated all-time highs, according to new data from the World Gold Council.

Total gold de

Gulfnews