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UAE Gold Prices Drop 30.75 Dirhams in Three Weeks

By Markets Desk · 2026-09-13 · 1 min read
A stack of shiny gold bars resting on a dark velvet cloth
Illustration: Tradingbird

Gold prices in the UAE fell for a third consecutive week, with 24-karat bullion dropping 9.75 dirhams per gram. This decline triggered a surge in demand for investment bars.

Gold prices in the United Arab Emirates declined for the third straight week. The cost of one gram of 24-karat bullion dropped by 9.75 dirhams. This marks the largest single-week reduction in the current trend.

The cumulative decrease over the past three weeks totals 30.75 dirhams per gram. Retailers report that this sustained drop has shifted consumer behavior. Buyers are increasingly purchasing gold bars for savings and investment.

Bullion Demand Surges Amid Price Cuts

Market participants cite lower entry points as a primary driver for current activity. Jay Dehkan, director of Dehkan Gold, noted that continued price declines encourage customers to buy. The firm sees stronger demand for bullion of various weights.

Mang Balerk, sales manager at Reg Gold, identifies price corrections as a key attractor. Many clients expect future price rises, making current levels attractive. Demand for bullion remains higher than for jewelry. Jewelry purchases are typically tied to seasonal events rather than investment.

Weekly Price Changes by Purity

Local market indicators show consistent declines across all purities. 24-karat gold stands at 524 dirhams per gram. 22-karat gold is priced at 485.25 dirhams per gram. 21-karat gold costs 465.25 dirhams per gram.

18-karat gold decreased to 398.75 dirhams per gram. 14-karat gold fell to 311 dirhams per gram. These figures reflect the broad downward trend in the UAE market.

Global Spot Gold Stabilizes Near Lows

Global gold prices stabilized near their lowest level in a week. Spot gold traded at 4,318.88 US dollars per ounce. The metal had dropped by approximately 2 percent on Thursday.

US gold futures for December delivery fell 1.1 percent. The price reached 4,359.50 US dollars per ounce. Silver slipped 0.1 percent to 63.48 US dollars per ounce. Platinum held steady at 1,777.42 US dollars per ounce. Palladium declined 0.2 percent to 1,279.25 US dollars per ounce. GN auto markets/commodities: gold prices reported these global shifts.

Based on reporting by emirates247.com, compiled by the Tradingbird desk.

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