UAE gold prices jump 2.3% to Dh484 per gram as dollar weakens
The 24K rate rose to Dh484 a gram, up Dh11, or 2.3 per cent, from Dh473 on Tuesday.
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Gold prices jumped 2.42 per cent to above $4,025 an ounce on Wednesday following early US midterm election results that favoured the Democrats. The dollar and US Treasury yields slid after the results. UAE gold prices followed the rally. The 24K rate rose to Dh484 a gram, up Dh11 from Dh473 on Tuesday. The 22K rate climbed Dh10.25 to Dh448.25, the 18K rate gained Dh8.75 to Dh368.50, and the 14K rate added Dh6.50 to Dh287.25. A weaker dollar makes gold cheaper for most buyers, as the metal pays no interest and benefits from lower yields. Markets are also watching US-Iran diplomatic talks and oil price movements, which continue to create volatility in gold prices.
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Reported by: Gulf News 4 Nov 2026 Read the original ↗ More from Gulf News →
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Gulf News (UAE).
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4 Nov 2026.
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Read the original at Gulf News: https://gulfnews.com/business/uae-gold-climbs-dh11-as-us-vote-weakens-dollar-1.500735393
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