In the local market, the gold price in the UAE remained stable with the 21-carat gold gram priced at approximately 432.00 UAE Dirhams. We provide updated price details for all carats, along with factors affecting market movements.

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.