24k gold climbs to Dh498 after overnight Dh4 increase
In the UAE, gold prices saw an overnight change of roughly Dh4, with 24-karat gold inching back up to Dh498 versus the Dh494.
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Dubai: Gold inched up after sliding to a nine-week low on Wednesday. New Middle East tensions stoked inflation worries and traders now expect the Fed to raise rates at least once more in 2026.
Gold climbed by as much as 0.8% to around $4,140 an ounce, rebounding from the previous session's close, which was its weakest since early August. On Wednesday, projectiles hit a tanker off Qatar's coast, a rare strike in the heart of the Persian Gulf. Separately, the White House is said to be weighing military action against Iranian targets before the November midterms.
Other metals also firmed as buyers in China returned from a week-long holiday that had dampened trading across Asia, adding to the support for bullion.
In the UAE, gold prices saw an overnight change of roughly Dh4, with 24-karat gold inching back up to Dh498 versus the Dh494.
Source
Reported by: Gulf News 8 Oct 2026 Read the original ↗ More from Gulf News →
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Who reported this?
Gulf News (UAE).
When was it announced?
8 Oct 2026.
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Read the original at Gulf News: https://gulfnews.com/business/retail/dubai-gold-prices-increase-slightly-but-24k-still-below-dh500-1.500702692
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