Gold Prices in Dubai Hold Steady Amid Global Market Volatility

The Dubai gold market began the week with steady prices for 24K and 22K gold, holding firm at Dh527.50 per gram and Dh488.50 per gram respectively.

According to the Dubai Jewellery Group, 18K gold also remained unchanged at Dh401.50 per gram.

The local market is monitoring global bullion prices as investors assess Middle East developments, oil movements, and expectations for interest rates.

On Friday, 24K gold had reached a one-week high of $4,390.11 an ounce, securing its first weekly gain in four weeks due to easing oil prices reducing inflation concerns.