Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Gold Prices Recover In Dubai Early Trade, Gain Over Dh7 Per Gram
(MENAFN- Khaleej Times) Gold prices recovered in Dubai on Tuesday morning, rising over Dh7 per gram in early trade.
According to Dubai Jewellery Group data, 24K gold price was trading at Dh623.0 per gram on Tuesday morning, up from Dh615.75 per gram at the close of the markets on Monday. It fell nearly Dh10 per gram when markets opened on Monday morning.
Recommended For You
Among the other variants of the precious metal, 22K, 21K, 18K, and 14K were trading at Dh576.75, Dh553.0, Dh474.0 and Dh369.75 per gram, respectively.
Spot gold was trading higher at $5,170.5 per ounce, up 1.47 per cent, due to a weaker dollar and easing US inflation concerns. Silver was trading over five per cent higher at $88.62 per ounce.
** Stay up to date with the latest news. Follow KT on WhatsApp channels.**
Tony Sage, CEO of Critical Metals, said disruptions in the Middle East pushed crude oil prices above $100 per barrel for the first time since 2022, reigniting fears of renewed global inflation pressures.
“Rising energy costs affected the monetary policy outlook and reduced the expectations of near-term rate cuts from the Federal Reserve, leading to higher yields. The latter could continue to weigh on gold, limiting its upside potential,” he said.
However, Sage added that geopolitical tensions continue to provide structural support.
“Ongoing tensions in Eastern Europe and the Middle East maintain elevated risk premium. Institutional demand also remains resilient, as evidenced by continued ETF inflows and ongoing central bank purchases,” he said.
Looking ahead, Sage sees that markets will closely monitor US inflation data later this week, including CPI and PCE releases.
“These indicators could prove decisive in shaping expectations for monetary policy and gold’s near-term trajectory,” he concluded.
ALSO READ
UAE gold market shifts: Residents opt for bars over jewellery amid uncertainty
Dubai jewellery buyers cautious as gold prices plunge amid market uncertainty
How Indian fine jewellery is finding a new home in the Gulf
MENAFN10032026000049011007ID1110840338