Dubai gold prices jump over Dh100 in a month, hit record high
Gold prices in Dubai reached Dh630 per gram on Wednesday and hit a new record high, up above than Dh100 per gram in just one month.
This translates to more than Gold Prices in UAE the gold prices in the UAE having gained over half of what they had done during all of 2025 in a month this year.
According to data provided by the Dubai Jewellery Group, 24K gold price was trading at Dh632 per gram Wednesday morning compared to Dh520 on December 31, 2025 which means that gold is up of Dh112 per gram so far this month.
Gold-related variants of the other precious metal also hit an all-time high on Wednesday with 22K, 21K, 18K and 14K gold costing Dh585. 25, Dh561. 25, Dh481. 0 and Dh375. 25 per gram, respectively.
Spot gold was up 3.4 per cent at $4,257.16 an oz at 9.30 am UAE time while silver had risen by 3 per cent to $11.43 an oz this week as well.
Silver also hit a fresh record high at $115.56 an ounce, up almost nine per cent.
“Global markets are facing a rare combination of forces that have come together as we approach the end of January 2026 and may well define investment narratives for several months to come,” said Mohanad Yakout, senior markets analyst at Scope Markets.
Gold and silver hitting record heights were more than just short-term geopolitical worries, he added. “Rather, it signals increasing investor concentration in assets perceived as immune from currency debasement and policy uncertainty. The rally signals a broader reconsideration of long-term confidence in fiat currencies, especially as questions swirl around the autonomy of central banks.”
This week is combining three potent forces: a momentous Federal Reserve meeting, an extraordinary rally in precious metals and a pivotal test of earnings for the world’s largest technology companies. The next FOMC decision is universally expected to be a steady one, with market pricing for rates on hold at 3.50–3.75 per cent. The real target, however, is not interest rates but the independence of the Federal Reserve.
In the US, inflation remains stubbornly at around 2.8 per cent and political pressure for faster easing has grown,” Yakout said. “As Chair Jerome Powell’s term comes to a close in May, investors are on the lookout for any tone change that signals a pivot away from strict data-dependent policy making. Even faint signs of distress could have an outsize impact on market confidence.”
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