Please wait...
GulfBase Live Support
- Bahrain All Share Index, Islamic Index close higher
- 'Get me out': Traders dump software stocks as AI fears erupt
- Saudi retail sector 'booming,' industry experts confirm at RLC Global Forum
- QNB puts in place a robust and dynamic cybersecurity framework
- Equities and precious metals rebound after Asia-wide rout
- NBK launches HR Business Partner Excellence Program jointly with Strategy Focused Group
- AD Ports gets $115m funding to advance Safaga terminal in Egypt
- Oman hosts IFSB Summit on future of Islamic finance
- Oman's refinery production rises 12.5% in 2025
- Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal
04/02/2026 01:06 AST
Gold prices bounced back in Dubai on Tuesday morning, recovering some of the losses recorded in the previous session.
The 24K gold price jumped Dh19 per gram to Dh579.75 per gram at the opening of the markets in Dubai on Tuesday after losing nearly Dh29 on Monday as prices bounced back globally.
Among the other variants of the yellow metal, 22K, 21K, 18K and 14K rose to Dh537.0, Dh514.75, Dh441.25 and Dh344.25 per gram, respectively. Spot gold jumped over four per cent to $4,829 per ounce.
The US financial institution JP Morgan has projected that the gold prices could reach $6,300 per ounce by the end of 2026, led by demand from central banks and investors.
It sees central banks buying 800 tonnes of gold this year.
"We remain firmly bullishly convinced in gold over the medium-term on the back of a clean, structural, continued diversification trend that has further to run amid a still well-entrenched regime of real asset outperformance vs paper assets," it said in a note.
Metals underwent a sharp repricing moment on Friday, posting their steepest declines in decades.
"The yellow metal entered a pronounced corrective wave after registering historic peaks near the $5,600 level. The rapid retreat below $4,900, representing a loss exceeding 9 per cent in Friday's session alone. Despite this sell-off, the long-term structural narrative supporting gold remains firmly intact with central banks' price-insensitive accumulation of reserves," said Ahmad Assiri, research strategist at Pepperstone.
Khaleej Times
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,865.35 | -514.81 | -9.57 |
| Silver | 84.7 | -31.16 | -26.89 |
| Platinum | 2,164.5 | -459 | -17.5 |
| Palladium | 1,718.5 | -276 | -13.84 |
03/02/2026
Gold and silver prices pared some losses but remained under pressure on Monday, after increased CME margin requirements added to the selling pressure following last week's selloff sparked by Kevin Wa
Asharq Al Awsat
02/02/2026
The recent panic selling in gold and silver by UAE residents and investors was driven by fear-based profit-booking rather than distress selling caused by short-term price volatility, according to jew
Khaleej Times
30/01/2026
Global demand for gold broke records in 2025 as investors rushed into the metal and prices surged to repeated all-time highs, according to new data from the World Gold Council.
Total gold de
Gulfnews
30/01/2026
Dubai gold prices cooled slightly on Friday morning after a dramatic rally that pushed rates to record territory earlier in the week, even as prices remained close to historic highs and market volati
Gulfnews
29/01/2026
Copper moved higher on Wednesday while aluminium and zinc notched multi-year highs as the US dollar slid to a four-year low and investors continued to pile in with bullish bets on industrial metals.
Reuters
Financial Information Co.
Saudi Arabia