Gold prices fall below Dh480 per gram as Fed rate-hike bets strengthen
24-karat gold costs Dh479.25 a gram, down Dh3.75 from Dh483.00 yesterday. 22-karat dropped Dh3.50 to Dh443.75 from Dh447.25.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- No action required — monitor for further change.
Global gold fell for a third straight session on November 12 and held below $4,000 an ounce. Stubborn US inflation and hawkish remarks from Federal Reserve officials have convinced traders that an interest-rate hike is coming next month.
In the UAE retail prices followed the global slide. 24-karat gold costs Dh479.25 a gram, down Dh3.75 from Dh483.00 yesterday. 22-karat dropped Dh3.50 to Dh443.75 from Dh447.25. 18-karat lost Dh2.75 to Dh364.75 from Dh367.50. 14-karat fell Dh2.25 to Dh284.50 from Dh286.75.
Markets now price in a quarter-point rate increase in December with full conviction. Some traders see a chance of a half-point move. Higher borrowing costs weigh on gold because it pays no interest. A firmer dollar makes the metal costlier for most overseas buyers.
Spot gold is trading 0.82 per cent lower at $3,959.59 an ounce at 11:30 am in Dubai.
Source
Reported by: Gulf News 12 Nov 2026 Read the original ↗ More from Gulf News →
Quick answers
Who reported this?
Gulf News (UAE).
When was it announced?
12 Nov 2026.
Where can I read the original?
Read the original at Gulf News: https://gulfnews.com/business/retail/dubai-gold-drops-for-a-third-day-24k-below-dh480-per-gram-1.500744581
Subscribe — free
Get the next change before it's a deadline
The whole front, every morning. Free.