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19/01/2026 08:32 AST
Gold and silver prices in Dubai started the week on a record high again, as the yellow metal rose over Dh8 per gram on Monday morning, amid mounting tensions after US President Donald Trump threatened to impose additional tariffs on the European Union over control of Greenland.
According to Dubai Jewellery Group data, 24K gold price jumped Dh8.25 per gram to Dh562, while 22K gold price rose Dh7.5 per gram to Dh520.25 per gram.
Among the other variants, 21K, 18K and 14K were also trading at a record high of Dh499.0, Dh427.75 and Dh333.5 per gram, respectively. Globally, gold jumped to $4671.72 per ounce, up 1.64 per cent, at 9.25 am UAE time. Similarly, silver also jumped to $94 per ounce, but was trading slightly slower at $93.19 at 9.25 am UAE time.
Vijay Valecha, chief investment officer, Century Financial, said fundamentally, gold looks bullish. "As geopolitical risks increase, investors typically move into safe-haven assets like gold. Key concerns include intensifying protests in Iran and growing tensions between the US and EU over Greenland, with the US sharpening its rhetoric.
"Moreover, the White House said that President Trump signed an order to protect the US supply of rare earths, contributing to the momentum. Lastly, concerns over the US Federal Reserve's independence remain a key concern. Central bank chiefs across the globe voiced support for the Fed Chair after Trump threatened to indict him," he said.
Technically, Valecha sees gold may face resistance around $4,685 on the ascending trendline.
Khaleej Times
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,509.81 | 32.25 | 0.72 |
| Silver | 79.92 | 2.93 | 3.81 |
| Platinum | 2,286 | 13.5 | 0.59 |
| Palladium | 1,818.5 | 52 | 2.94 |
15/01/2026
Saudi Arabia discovered 8 million ounces of gold during 2025, according to Saudi Gold Refinery Co.'s Board of Directors Chairman.
Suliman Al-Othaim told Al-Eqtisadiah on the sidelines of the
Arab News
13/01/2026
Gold prices leaped to a record high in Dubai and globally as the precious metal jumped Dh12.5 per gram till Monday evening after the metal surpassed the $4,600 psychological barrier.
The ral
Khaleej Times
12/01/2026
Asyad Shipping Company has agreed to sell four of its partially owned liquefied natural gas (LNG) vessels as part of its ongoing fleet renewal strategy, the company said in a disclosure to the Muscat
Muscat Daily
12/01/2026
Gold enters 2026 with a price that broadly reflects market-consensus macro assumptions - steady global growth, modest further Fed cuts (75 bps), a slightly firmer dollar and largely flat long-end yie
Khaleej Times
09/01/2026
Gold prices fell on Thursday as investors braced for futures selling tied to a commodity index reshuffle, with a stronger US dollar adding pressure by making the metal costlier for overseas buyers. <
Asharq Al Awsat
Financial Information Co.
Saudi Arabia