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).
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