Gold Prices in Dubai Dh10 per Gram

Introduction Of Gold Prices

Dubai, UAE – May 15, 2025
Gold prices took a sharp dip in Dubai on Thursday morning, sliding nearly Dh10 per gram in just 24 hours. This drop mirrors a broader global decline as spot gold prices dipped below the $3,200 per ounce mark.

According to the Dubai Jewellery Group, 24K gold was trading at Dh378.5 per gram on Thursday, down from Dh388.25 the previous day — a drop of Dh9.55. Other gold variants saw similar declines:

• 22K fell to Dh350.5 per gram (down Dh9.25)
• 21K dropped to Dh336.5 per gram
• 18K slid to Dh288 per gram

Globally, spot gold was trading at $3,193.34 an ounce, down 1.5%. The decline came as investors braced for key economic data from the US, which could influence the Federal Reserve’s next move on interest rates. The market is also digesting recent developments in US-China relations.

Earlier this week, the US and China agreed to reduce some tariffs and initiated a 90-day pause in their trade tensions. While the move eases short-term uncertainty, investors remain cautious about what happens after the pause ends.

Brian Lan, managing director at GoldSilver Central, weighed in on the outlook, noting that gold could fall further: “If gold doesn’t hold at $3,150, we could see it test $3,100 next.”

With global economic shifts and geopolitical developments at play, gold traders and investors in the UAE will be watching closely in the days ahead.

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