Gold rates dip in Dubai as oil soars above $100
Gold prices in Dubai edged lower on Friday afternoon as soaring oil prices added to inflation concerns and strengthened expectations that the US Federal Reserve could keep interest rates higher for longer.
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Gold prices in Dubai edged lower on Friday afternoon as soaring oil prices added to inflation concerns and strengthened expectations that the US Federal Reserve could keep interest rates higher for longer.
The move was modest for shoppers, with 24K gold at Dh522 per gram, down from Dh522.50 at Thursday's close, while 22K gold slipped to Dh483.50 from Dh483.75.
The Dubai market was tracking a weaker international gold price, with gold at about $4,347.47 an ounce
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Reported by: Gulf News 11 Sept 2026 Read the original ↗ More from Gulf News →
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Gulf News (UAE).
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11 Sept 2026.
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Read the original at Gulf News: https://gulfnews.com/business/retail/gold-prices-today-dubai-rates-dip-as-oil-soars-above-100-1.500670846
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