Please wait...
GulfBase Live Support
- AlRayan Bank bags NIA certification by Qatar's National Cyber Security Agency
- QIB enhances Flexi Certificate of Deposits with sustainable returns
- US crude oil, gasoline, distillate inventories rise
- US govt shutdown begins as Congress fails to reach deal
- Zain Group's MSCI rating for ESG upgraded to 'A'
- Kuwait returns to global debt markets with $11.25 billion sovereign bond issuance
- QNB Group receives Saudi Central Bank licence approval for new digital bank - ezbank
- Boursa Kuwait launches second edition of 'The Bell' initiative for financial literacy
- Ooredoo Fintech to join PayPal World, unlocking seamless global commerce for its consumers, merchants
- FSA directs Omantel to revise audited financial reports for 2024
02/10/2025 05:29 AST
Gold prices in the UAE stayed high after hitting record levels earlier. On Tursday morning, 22-karat gold was at Dh432.00 per gram, while 24-karat stood at Dh466.75.
Just a week ago, gold hit new highs in Dubai when 24-karat touched Dh452.25 and 22-karat Dh418.75 per gram. Prices have since gained more than Dh14 in eight days.
(Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait.) Meanwhile, the Indian gold rate for 24-karat gold was back up at ?11,924 per gram, and the rate for 22-karat gold rose to ?10,930 per gram Thursday morning.
Globally, gold steadied after a five-day rally that pushed it to record highs, as the US government shutdown took effect and traders boosted bets on Federal Reserve rate cuts following weak economic data.
Bullion held near $3,860 an ounce - about $35 below Wednesday's peak - with the suspension of federal operations threatening a blackout in key economic data the Fed relies on for policy decisions.
It has now gained for six straight weeks, driven by demand from investors seeking safe-haven assets amid global uncertainty.
For UAE consumers, the latest price movements mean gold remains both a cultural staple and a financial safe haven, with analysts expecting continued resilience in the months ahead.
Gulfnews
| Ticker | Price | Volume |
|---|
02/10/2025
Kuwait has returned to international debt markets for the first time in eight years with a $11.25 billion sovereign bond issuance, in what officials hailed as a landmark deal underscoring investor co
KUNA
02/10/2025
Oman's national carrier said it has slashed its reliance on transit passengers from 85 per cent to under 50 per cent in just over 12 months, marking one of the most dramatic strategic pivots by any
Trade Arabia
02/10/2025
Abu Dhabi-headquartered NMDC Group has signed a $610.1 million contract with Pasay Harbor City Corporation (PHCC) to carry out large-scale dredging and land reclamation in Manila Bay, marking the com
Gulfnews
02/10/2025
Dubai's property prices are expected to continue rising for the foreseeable future, as unprecedented population growth outpaces new supply, Michael Lahyani, CEO and founder of Property Finder, told T
Gulfnews
02/10/2025
The Council of Economic and Development Affairs held a video conference to review a series of key economic and strategic reports.
The council examined the Ministry of Economy and Planning's
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia