Precious Metals
Posted By OrePulse
Published: 04 Sep, 2025 08:41
Dubai gold rate drops Dh4 from record highs, tracking global ease in prices
Gold is showing signs of easing from its record-breaking run recorded over the past few days, dropping from its all-time high price level of nearly $3,580 per ounce, with 22-karat dipping Dh4 from Dh397 per gram.
Analysts attributed the gold prices easing seen on Thursday to profit-taking after bullion scaled an all-time peak on expectations for a US interest rate cut. Global spot price of gold eased from a record high of $3,578.50 on Wednesday.
Gold’s surge this week made it the year’s standout commodity, jumping over 30% since January. Sellers saw big profits. Buyers, on the other hand, faced disappointment. (Check latest UAE gold prices here, alongside prices in Saudi Arabia, Oman, Qatar, Bahrain, Kuwait).
Related Articles
Investigation uncovers fraudulent identity documen...
10 Sep, 2024 08:08
The Top Five Gold-Producing Countries in Africa in...
10 Sep, 2024 08:46
AngloGold notes ‘enormous geological potential’ in...
10 Sep, 2024 09:29
Awalé Resources expands BBM gold zone at Odienné p...
10 Sep, 2024 11:38
Proposed amendment: Gold mines to be subject to th...
10 Sep, 2024 12:39
Pan African Resources Annual Result Improves; Expe...
12 Sep, 2024 07:42
African countries are joining the sovereign gold-b...
12 Sep, 2024 08:07
Platinum Group Metals Ltd. Announces Positive Inde...
16 Sep, 2024 09:11
At least 20 likely dead in violence near Papua New...
16 Sep, 2024 10:37
Theta changes funding strategy for South Africa pr...
16 Sep, 2024 11:48Trending News
Distribution
Morocco-Germany $30 billion power cable stalled by governance disagreements, sources say...
22 Jul, 2026 13:08
12 min read
Energy Other
Egyptian-Emirati alliance backs EGP20bn renewable power transmission line...
22 Jul, 2026 12:57
16 min read
Energy Other
Sudan blames suspension of Ethiopian electricity imports among factors driving nationwide power cuts...
22 Jul, 2026 12:51
12 min read