Despite ongoing geopolitical unpredictability, Dubai gold prices held steady on Friday, down barely Dh2 per gram over the previous month, providing purchasers with some respite. At Friday’s market opening, the 24K version of the precious metal was trading at Dh491.75 per gram, down from Dh495.50 at Thursday’s market closing.Despite ongoing geopolitical unpredictability, Ubai gold prices stayed mostly steady on Friday, declining by barely Dh2 per gram over the previous month, providing purchasers with some respite.
At Friday’s market opening, the 24K version of the precious metal was trading at Dh491.75 per gram, down from Dh495.50 at Thursday’s market closing. Investment is expected to propel growth during the second half of 2026, according to Louise Street, Senior Markets Analyst at the World Gold Council, although the demand composition may change. “Western gold ETF interest may be more closely linked to real yields, US monetary policy expectations, and the dollar, while OTC activity and demand from Asian investors are expected to play an increasingly prominent role.
According to the study, following a poor start to the year, central bank purchases increased significantly to 289 tons during the second quarter, while investments in bars and coins stayed mostly steady. However, when investors reacted to declining prices, growing interest-rate forecasts, and a stronger US dollar, gold ETF holdings faced pressure.
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