In the local market, gold prices in the UAE remained stable with the 21-carat gold gram priced at approximately 429.75 UAE Dirhams.

Here are the updated prices for all carats, along with factors influencing market movements.

• 24 carat recorded at 484.25 AED
• 22 carat recorded at 374.50 AED
• 21 carat recorded at 429.75 AED
• 18 carat recorded at 366.50 AED
• 14 carat recorded at 238.00 AED
• 12 carat recorded at 204.00 AED
• Ounce at 12,581.25 AED
• Gold pound at 3,420.00 AED
• Ounce in USD at 3,356.38 USD

Strong demand for Exchange-Traded Funds (ETFs) continues to support gold prices amid declining confidence in traditional safe havens, alongside ongoing central bank purchases and globally lower financing costs, which bolster the yellow metal as a store of value against market volatility.