Gold prices in the UAE continued their upward climb this week, with 24-carat gold trading at AED 598.75 per gram, placing it just shy of the AED 600 mark and reinforcing the sharp rally seen over the past several days.
According to the latest retail rates, 22-carat gold stood at AED 554.50 per gram, while 21-carat was priced at AED 531.75. Lower-purity variants also posted strong levels, with 18-carat gold at AED 455.75 and 14-carat at AED 355.50 per gram. The figures reflect a sustained surge that has pushed local prices to near record territory.
The recent rise marks a continuation of gains observed since the start of the week, when 24K gold was trading in the low- to mid-AED 570 range. Within days, prices climbed steadily past AED 590, driven by strength in global bullion markets and heightened demand for safe-haven assets amid economic uncertainty.
