{"id":49010,"date":"2026-10-08T06:55:40","date_gmt":"2026-10-08T06:55:40","guid":{"rendered":"https:\/\/insider18.com\/?p=49010"},"modified":"2026-10-08T07:12:53","modified_gmt":"2026-10-08T07:12:53","slug":"dubai-gold-prices-edge-higher-while-remaining-below-dh500-for-a-gram","status":"publish","type":"post","link":"https:\/\/insider18.com\/index.php\/2026\/10\/08\/dubai-gold-prices-edge-higher-while-remaining-below-dh500-for-a-gram\/","title":{"rendered":"Dubai Gold Prices Edge Higher While Remaining Below Dh500 for a Gram."},"content":{"rendered":"\t\t
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<\/p>

“Dubai Gold Prices Recover as Market Remains Volatile”<\/h4>

<\/p>

Dubai Gold Prices Recover as Market Remains Volatile<\/h1>

<\/p>

Gold prices in Dubai moved higher at the start of Thursday’s trading session, with the benchmark 24-carat rate climbing by Dh4 per gram. Despite the rebound, the precious metal remained below the important Dh500-per-gram level.<\/p>

<\/p>

The 24K gold rate stood at Dh498 per gram<\/strong> when markets opened on Thursday, compared with Dh494 per gram at Wednesday’s close.<\/p>

<\/p>

Other commonly traded gold categories also recorded gains.<\/p>

<\/p>

The 22K rate increased to Dh461.25 per gram<\/strong>, while 21K gold was priced at Dh442.25<\/strong>. The rate for 18K gold reached Dh379 per gram<\/strong>, and 14K gold was trading at Dh295.75 per gram<\/strong>.<\/p>

<\/p>

The recovery in local prices followed an improvement in international gold markets, although analysts continue to point to several factors that could keep precious metals under pressure.<\/p>

<\/p>

Gold gains in international markets<\/h2>

<\/p>

In global trading, spot gold advanced 0.44 per cent to $4,132.50 an ounce<\/strong>.<\/p>

<\/p>

Silver, meanwhile, moved marginally lower. The metal slipped 0.02 per cent<\/strong>, trading at approximately $60 an ounce<\/strong>.<\/p>

<\/p>

The mixed performance highlights the uneven conditions currently facing precious metals.<\/p>

<\/p>

Financial markets remain sensitive to movements in the US dollar and government bond yields, both of which can influence investor demand for non-yielding assets such as gold.<\/p>

<\/p>

Strong dollar and higher yields create pressure<\/h2>

<\/p>

Financial analyst Vijay Valecha<\/strong> said gold and silver are continuing to encounter resistance from a stronger US dollar and elevated yields.<\/p>

<\/p>

According to Valecha, these factors have contributed to a volatile trading environment for gold, making it difficult for the metal to establish a clear and sustained direction.<\/p>

<\/p>

A stronger dollar can make gold more expensive for investors holding other currencies, potentially reducing international demand.<\/p>

<\/p>

At the same time, higher bond yields can make interest-bearing investments relatively more attractive compared with assets such as gold, which does not generate regular interest income.<\/p>

<\/p>

Bond yields remain an important factor<\/h2>

<\/p>

Valecha, who is also chief investment officer at Century Financial<\/strong>, pointed to the US 10-year Treasury yield as one of the factors investors are watching closely.<\/p>

<\/p>

He said the 10-year yield remains above 5.30 per cent<\/strong> and noted that its inverse relationship with gold has recently become more pronounced.<\/p>

<\/p>

The analyst linked the development partly to concerns surrounding fiscal conditions.<\/p>

<\/p>

When yields rise, investors may reassess their allocation to precious metals as the opportunity cost of holding non-interest-bearing assets increases.<\/p>

<\/p>

This can contribute to greater fluctuations in gold prices, particularly when combined with movements in the US dollar.<\/p>

<\/p>

Gold market remains choppy<\/h2>

<\/p>

The combination of elevated yields and a firm dollar has resulted in a market where gold prices can move sharply in either direction.<\/p>

<\/p>

The latest increase in Dubai demonstrates that buyers remain active despite the broader headwinds.<\/p>

<\/p>

However, the metal has yet to regain the Dh500-per-gram threshold.<\/p>

<\/p>

For local buyers, the Dh500 level remains a closely watched price point, particularly after the market’s recent movements.<\/p>

<\/p>

ETF demand offers some support<\/h2>

<\/p>

Despite the recent volatility, Valecha highlighted a positive development in gold-backed exchange-traded funds.<\/p>

<\/p>

He said ETF holdings have continued to increase even while precious metals experienced weakness during the latter part of September.<\/p>

<\/p>

According to the analyst, gold ETFs added approximately 81,000 troy ounces<\/strong> to their holdings during the latest trading session.<\/p>

<\/p>

This brought their net purchases for the year to approximately 2.19 million ounces<\/strong>.<\/p>

<\/p>

The latest increase also represented the third consecutive session of growth<\/strong> in ETF holdings.<\/p>

<\/p>

Investors continue to add gold exposure<\/h2>

<\/p>

Increasing ETF holdings can be viewed as an indication that some investors continue to see value in maintaining exposure to gold despite short-term price volatility.<\/p>

<\/p>

ETF flows are closely followed by precious-metals investors because they can provide an indication of broader investment demand.<\/p>

<\/p>

The recent increase suggests that the market is still attracting buyers even as gold faces pressure from macroeconomic factors.<\/p>

<\/p>

This has provided some support to the precious metal and may help limit downside pressure if other market conditions remain challenging.<\/p>

<\/p>

Central bank purchases provide another source of support<\/h2>

<\/p>

Valecha also pointed to continued buying by central banks as another factor supporting gold prices.<\/p>

<\/p>

Central banks have remained important participants in the global gold market, with official-sector purchases providing an additional source of demand.<\/p>

<\/p>

According to the analyst, central banks added 39 tonnes of gold in August<\/strong>, an increase compared with their purchases in July.<\/p>

<\/p>

Continued central bank accumulation can provide a longer-term source of support for the metal.<\/p>

<\/p>

It can also help offset some of the selling pressure created by currency movements and higher bond yields.<\/p>

<\/p>

Technical levels remain important<\/h2>

<\/p>

From a technical perspective, Valecha identified the $4,100-$4,120 per ounce range<\/strong> as an important support area for gold.<\/p>

<\/p>

He noted that the metal had recovered this zone after failing to break below it during the previous session.<\/p>

<\/p>

Support levels are closely watched by traders because they can indicate areas where buying interest may emerge after a price decline.<\/p>

<\/p>

If gold continues to hold above the identified range, traders may view the recent recovery as a sign that buyers remain willing to defend lower levels.<\/p>

<\/p>

However, a sustained move below the area could change the short-term technical picture.<\/p>

<\/p>

Dubai prices remain below Dh500<\/h2>

<\/p>

For shoppers and investors in the UAE, the immediate focus remains on whether Dubai’s 24K gold price can return above Dh500 per gram.<\/p>

<\/p>

Thursday’s opening rate of Dh498 places the market just Dh2 below that psychological level.<\/p>

<\/p>

The Dh4 daily increase represents a recovery from Wednesday’s closing price of Dh494.<\/p>

<\/p>

However, the market’s next move will depend on developments in international gold prices, currency markets, bond yields and investor demand.<\/p>

<\/p>

Gold’s performance remains closely tied to global markets<\/h2>

<\/p>

Although gold prices are quoted locally in Dubai, international market movements remain a major influence.<\/p>

<\/p>

The global spot price provides the underlying benchmark, while the local retail price reflects that movement along with market conditions in the UAE.<\/p>

<\/p>

As a result, changes in the US dollar, Treasury yields, investor sentiment and central bank activity can eventually influence prices paid by buyers in Dubai.<\/p>

<\/p>

The latest recovery in the emirate therefore comes against a wider backdrop of uncertainty in global financial markets.<\/p>

<\/p>

Silver moves slightly lower<\/h2>

<\/p>

Gold’s gains were not mirrored by silver during the latest session.<\/p>

<\/p>

Spot silver declined by 0.02 per cent to $60 an ounce<\/strong>.<\/p>

<\/p>

The marginal move indicates that silver was largely stable, although it continues to face some of the same macroeconomic pressures affecting gold.<\/p>

<\/p>

Like gold, silver can be influenced by currency movements, interest rates and investor sentiment.<\/p>

<\/p>

However, silver also has significant industrial demand, meaning its price can be affected by expectations surrounding economic growth and manufacturing activity.<\/p>

<\/p>

What is driving precious-metal volatility?<\/h2>

<\/p>

Several factors are currently contributing to uncertainty across the precious-metals market.<\/p>

<\/p>

The US dollar remains an important influence because gold is internationally priced in dollars.<\/p>

<\/p>

When the dollar strengthens, gold can become more expensive for buyers using other currencies.<\/p>

<\/p>

Bond yields are another major consideration.<\/p>

<\/p>

Higher yields can encourage investors to allocate more funds towards fixed-income assets, particularly when returns are attractive.<\/p>

<\/p>

At the same time, concerns about fiscal conditions and economic uncertainty can support demand for gold as a potential store of value.<\/p>

<\/p>

The competing forces can result in rapid changes in market sentiment.<\/p>

<\/p>

ETF flows remain a positive signal<\/h2>

<\/p>

The recent increase in gold ETF holdings provides one of the more encouraging signals for the market.<\/p>

<\/p>

The addition of 81,000 troy ounces in one session, followed by three consecutive days of growth, indicates that some investors are continuing to build exposure.<\/p>

<\/p>

The year’s cumulative net purchases of 2.19 million ounces further underline the scale of ETF demand.<\/p>

<\/p>

While ETF flows do not guarantee higher prices, they are an important indicator of investor positioning.<\/p>

<\/p>

If inflows continue, they could provide additional support for gold during periods when other market factors are weighing on prices.<\/p>

<\/p>

Central banks continue to influence the market<\/h2>

<\/p>

Central bank demand has also become an increasingly important part of the gold market.<\/p>

<\/p>

Official institutions have continued to accumulate bullion as part of their reserve-management strategies.<\/p>

<\/p>

The reported increase to 39 tonnes in August from July suggests that central-bank demand remains supportive.<\/p>

<\/p>

Such purchases can help strengthen the underlying demand picture even when short-term investors become more cautious.<\/p>

<\/p>

For gold traders, the combination of ETF inflows and central bank purchases provides evidence that there is still significant structural demand for the metal.<\/p>

<\/p>

Traders watch the support zone<\/h2>

<\/p>

The $4,100-$4,120 range highlighted by Valecha is likely to remain an important area for technical traders.<\/p>

<\/p>

Gold’s ability to recover after testing the area suggests that buyers remain active around those levels.<\/p>

<\/p>

A continued hold above support could help stabilise the market following recent volatility.<\/p>

<\/p>

On the other hand, a decisive break below the range could increase selling pressure and encourage traders to reassess their short-term positions.<\/p>

<\/p>

Technical levels therefore remain an important part of the market outlook alongside fundamental factors such as interest rates and currency movements.<\/p>

<\/p>

Dubai buyers continue to monitor prices<\/h2>

<\/p>

For consumers in Dubai, daily changes of a few dirhams per gram can make a noticeable difference when purchasing larger quantities of gold.<\/p>

<\/p>

The latest move from Dh494 to Dh498 for 24K gold means the market has recovered most of the previous day’s decline.<\/p>

<\/p>

However, the price remains just below Dh500.<\/p>

<\/p>

Buyers who have been waiting for a favourable entry point may therefore continue to monitor international developments before making purchasing decisions.<\/p>

<\/p>

Jewellery prices can also differ from the basic gold rate because of making charges, retailer margins and other costs.<\/p>

<\/p>

The outlook remains uncertain<\/h2>

<\/p>

While Thursday’s price movement was positive, Valecha’s comments suggest that the broader market remains vulnerable to swings caused by the dollar and bond yields.<\/p>

<\/p>

At the same time, ETF inflows and central bank purchases are providing important sources of support.<\/p>

<\/p>

This creates a market pulled in different directions.<\/p>

<\/p>

Higher yields and a stronger dollar can weigh on prices, while sustained institutional demand can help cushion declines.<\/p>

<\/p>

The result is likely to remain a volatile trading environment until there is greater clarity around the major macroeconomic drivers.<\/p>

<\/p>

Gold remains close to a key psychological level<\/h2>

<\/p>

Dubai’s 24K gold price is now within reach of Dh500 per gram.<\/p>

<\/p>

The Thursday morning rate of Dh498 represents a recovery but also leaves the market at a level that could attract significant attention from buyers and traders.<\/p>

<\/p>

Whether the metal moves back above Dh500 will depend largely on the performance of international gold prices.<\/p>

<\/p>

For now, the precious metal continues to trade in a market characterised by competing forces.<\/p>

<\/p>

The stronger dollar and elevated yields are creating headwinds, while rising ETF holdings, continued central bank purchases and the defence of key technical support levels are helping to underpin demand.<\/p>

<\/p>

With gold and silver both facing an uncertain global environment, investors are likely to continue watching currency movements, bond yields, fund flows and official-sector buying for clues about the next major move.<\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

\n\t\t\t\t\t
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\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

<\/p>

“Dubai Gold Prices Recover as Market Remains Volatile”<\/h4>

<\/p>

Dubai Gold Prices Recover as Market Remains Volatile<\/h1>

<\/p>

Gold prices in Dubai moved higher at the start of Thursday’s trading session, with the benchmark 24-carat rate climbing by Dh4 per gram. Despite the rebound, the precious metal remained below the important Dh500-per-gram level.<\/p>

<\/p>

The 24K gold rate stood at Dh498 per gram<\/strong> when markets opened on Thursday, compared with Dh494 per gram at Wednesday’s close.<\/p>

<\/p>

Other commonly traded gold categories also recorded gains.<\/p>

<\/p>

The 22K rate increased to Dh461.25 per gram<\/strong>, while 21K gold was priced at Dh442.25<\/strong>. The rate for 18K gold reached Dh379 per gram<\/strong>, and 14K gold was trading at Dh295.75 per gram<\/strong>.<\/p>

<\/p>

The recovery in local prices followed an improvement in international gold markets, although analysts continue to point to several factors that could keep precious metals under pressure.<\/p>

<\/p>

Gold gains in international markets<\/h2>

<\/p>

In global trading, spot gold advanced 0.44 per cent to $4,132.50 an ounce<\/strong>.<\/p>

<\/p>

Silver, meanwhile, moved marginally lower. The metal slipped 0.02 per cent<\/strong>, trading at approximately $60 an ounce<\/strong>.<\/p>

<\/p>

The mixed performance highlights the uneven conditions currently facing precious metals.<\/p>

<\/p>

Financial markets remain sensitive to movements in the US dollar and government bond yields, both of which can influence investor demand for non-yielding assets such as gold.<\/p>

<\/p>

Strong dollar and higher yields create pressure<\/h2>

<\/p>

Financial analyst Vijay Valecha<\/strong> said gold and silver are continuing to encounter resistance from a stronger US dollar and elevated yields.<\/p>

<\/p>

According to Valecha, these factors have contributed to a volatile trading environment for gold, making it difficult for the metal to establish a clear and sustained direction.<\/p>

<\/p>

A stronger dollar can make gold more expensive for investors holding other currencies, potentially reducing international demand.<\/p>

<\/p>

At the same time, higher bond yields can make interest-bearing investments relatively more attractive compared with assets such as gold, which does not generate regular interest income.<\/p>

<\/p>

Bond yields remain an important factor<\/h2>

<\/p>

Valecha, who is also chief investment officer at Century Financial<\/strong>, pointed to the US 10-year Treasury yield as one of the factors investors are watching closely.<\/p>

<\/p>

He said the 10-year yield remains above 5.30 per cent<\/strong> and noted that its inverse relationship with gold has recently become more pronounced.<\/p>

<\/p>

The analyst linked the development partly to concerns surrounding fiscal conditions.<\/p>

<\/p>

When yields rise, investors may reassess their allocation to precious metals as the opportunity cost of holding non-interest-bearing assets increases.<\/p>

<\/p>

This can contribute to greater fluctuations in gold prices, particularly when combined with movements in the US dollar.<\/p>

<\/p>

Gold market remains choppy<\/h2>

<\/p>

The combination of elevated yields and a firm dollar has resulted in a market where gold prices can move sharply in either direction.<\/p>

<\/p>

The latest increase in Dubai demonstrates that buyers remain active despite the broader headwinds.<\/p>

<\/p>

However, the metal has yet to regain the Dh500-per-gram threshold.<\/p>

<\/p>

For local buyers, the Dh500 level remains a closely watched price point, particularly after the market’s recent movements.<\/p>

<\/p>

ETF demand offers some support<\/h2>

<\/p>

Despite the recent volatility, Valecha highlighted a positive development in gold-backed exchange-traded funds.<\/p>

<\/p>

He said ETF holdings have continued to increase even while precious metals experienced weakness during the latter part of September.<\/p>

<\/p>

According to the analyst, gold ETFs added approximately 81,000 troy ounces<\/strong> to their holdings during the latest trading session.<\/p>

<\/p>

This brought their net purchases for the year to approximately 2.19 million ounces<\/strong>.<\/p>

<\/p>

The latest increase also represented the third consecutive session of growth<\/strong> in ETF holdings.<\/p>

<\/p>

Investors continue to add gold exposure<\/h2>

<\/p>

Increasing ETF holdings can be viewed as an indication that some investors continue to see value in maintaining exposure to gold despite short-term price volatility.<\/p>

<\/p>

ETF flows are closely followed by precious-metals investors because they can provide an indication of broader investment demand.<\/p>

<\/p>

The recent increase suggests that the market is still attracting buyers even as gold faces pressure from macroeconomic factors.<\/p>

<\/p>

This has provided some support to the precious metal and may help limit downside pressure if other market conditions remain challenging.<\/p>

<\/p>

Central bank purchases provide another source of support<\/h2>

<\/p>

Valecha also pointed to continued buying by central banks as another factor supporting gold prices.<\/p>

<\/p>

Central banks have remained important participants in the global gold market, with official-sector purchases providing an additional source of demand.<\/p>

<\/p>

According to the analyst, central banks added 39 tonnes of gold in August<\/strong>, an increase compared with their purchases in July.<\/p>

<\/p>

Continued central bank accumulation can provide a longer-term source of support for the metal.<\/p>

<\/p>

It can also help offset some of the selling pressure created by currency movements and higher bond yields.<\/p>

<\/p>

Technical levels remain important<\/h2>

<\/p>

From a technical perspective, Valecha identified the $4,100-$4,120 per ounce range<\/strong> as an important support area for gold.<\/p>

<\/p>

He noted that the metal had recovered this zone after failing to break below it during the previous session.<\/p>

<\/p>

Support levels are closely watched by traders because they can indicate areas where buying interest may emerge after a price decline.<\/p>

<\/p>

If gold continues to hold above the identified range, traders may view the recent recovery as a sign that buyers remain willing to defend lower levels.<\/p>

<\/p>

However, a sustained move below the area could change the short-term technical picture.<\/p>

<\/p>

Dubai prices remain below Dh500<\/h2>

<\/p>

For shoppers and investors in the UAE, the immediate focus remains on whether Dubai’s 24K gold price can return above Dh500 per gram.<\/p>

<\/p>

Thursday’s opening rate of Dh498 places the market just Dh2 below that psychological level.<\/p>

<\/p>

The Dh4 daily increase represents a recovery from Wednesday’s closing price of Dh494.<\/p>

<\/p>

However, the market’s next move will depend on developments in international gold prices, currency markets, bond yields and investor demand.<\/p>

<\/p>

Gold’s performance remains closely tied to global markets<\/h2>

<\/p>

Although gold prices are quoted locally in Dubai, international market movements remain a major influence.<\/p>

<\/p>

The global spot price provides the underlying benchmark, while the local retail price reflects that movement along with market conditions in the UAE.<\/p>

<\/p>

As a result, changes in the US dollar, Treasury yields, investor sentiment and central bank activity can eventually influence prices paid by buyers in Dubai.<\/p>

<\/p>

The latest recovery in the emirate therefore comes against a wider backdrop of uncertainty in global financial markets.<\/p>

<\/p>

Silver moves slightly lower<\/h2>

<\/p>

Gold’s gains were not mirrored by silver during the latest session.<\/p>

<\/p>

Spot silver declined by 0.02 per cent to $60 an ounce<\/strong>.<\/p>

<\/p>

The marginal move indicates that silver was largely stable, although it continues to face some of the same macroeconomic pressures affecting gold.<\/p>

<\/p>

Like gold, silver can be influenced by currency movements, interest rates and investor sentiment.<\/p>

<\/p>

However, silver also has significant industrial demand, meaning its price can be affected by expectations surrounding economic growth and manufacturing activity.<\/p>

<\/p>

What is driving precious-metal volatility?<\/h2>

<\/p>

Several factors are currently contributing to uncertainty across the precious-metals market.<\/p>

<\/p>

The US dollar remains an important influence because gold is internationally priced in dollars.<\/p>

<\/p>

When the dollar strengthens, gold can become more expensive for buyers using other currencies.<\/p>

<\/p>

Bond yields are another major consideration.<\/p>

<\/p>

Higher yields can encourage investors to allocate more funds towards fixed-income assets, particularly when returns are attractive.<\/p>

<\/p>

At the same time, concerns about fiscal conditions and economic uncertainty can support demand for gold as a potential store of value.<\/p>

<\/p>

The competing forces can result in rapid changes in market sentiment.<\/p>

<\/p>

ETF flows remain a positive signal<\/h2>

<\/p>

The recent increase in gold ETF holdings provides one of the more encouraging signals for the market.<\/p>

<\/p>

The addition of 81,000 troy ounces in one session, followed by three consecutive days of growth, indicates that some investors are continuing to build exposure.<\/p>

<\/p>

The year’s cumulative net purchases of 2.19 million ounces further underline the scale of ETF demand.<\/p>

<\/p>

While ETF flows do not guarantee higher prices, they are an important indicator of investor positioning.<\/p>

<\/p>

If inflows continue, they could provide additional support for gold during periods when other market factors are weighing on prices.<\/p>

<\/p>

Central banks continue to influence the market<\/h2>

<\/p>

Central bank demand has also become an increasingly important part of the gold market.<\/p>

<\/p>

Official institutions have continued to accumulate bullion as part of their reserve-management strategies.<\/p>

<\/p>

The reported increase to 39 tonnes in August from July suggests that central-bank demand remains supportive.<\/p>

<\/p>

Such purchases can help strengthen the underlying demand picture even when short-term investors become more cautious.<\/p>

<\/p>

For gold traders, the combination of ETF inflows and central bank purchases provides evidence that there is still significant structural demand for the metal.<\/p>

<\/p>

Traders watch the support zone<\/h2>

<\/p>

The $4,100-$4,120 range highlighted by Valecha is likely to remain an important area for technical traders.<\/p>

<\/p>

Gold’s ability to recover after testing the area suggests that buyers remain active around those levels.<\/p>

<\/p>

A continued hold above support could help stabilise the market following recent volatility.<\/p>

<\/p>

On the other hand, a decisive break below the range could increase selling pressure and encourage traders to reassess their short-term positions.<\/p>

<\/p>

Technical levels therefore remain an important part of the market outlook alongside fundamental factors such as interest rates and currency movements.<\/p>

<\/p>

Dubai buyers continue to monitor prices<\/h2>

<\/p>

For consumers in Dubai, daily changes of a few dirhams per gram can make a noticeable difference when purchasing larger quantities of gold.<\/p>

<\/p>

The latest move from Dh494 to Dh498 for 24K gold means the market has recovered most of the previous day’s decline.<\/p>

<\/p>

However, the price remains just below Dh500.<\/p>

<\/p>

Buyers who have been waiting for a favourable entry point may therefore continue to monitor international developments before making purchasing decisions.<\/p>

<\/p>

Jewellery prices can also differ from the basic gold rate because of making charges, retailer margins and other costs.<\/p>

<\/p>

The outlook remains uncertain<\/h2>

<\/p>

While Thursday’s price movement was positive, Valecha’s comments suggest that the broader market remains vulnerable to swings caused by the dollar and bond yields.<\/p>

<\/p>

At the same time, ETF inflows and central bank purchases are providing important sources of support.<\/p>

<\/p>

This creates a market pulled in different directions.<\/p>

<\/p>

Higher yields and a stronger dollar can weigh on prices, while sustained institutional demand can help cushion declines.<\/p>

<\/p>

The result is likely to remain a volatile trading environment until there is greater clarity around the major macroeconomic drivers.<\/p>

<\/p>

Gold remains close to a key psychological level<\/h2>

<\/p>

Dubai’s 24K gold price is now within reach of Dh500 per gram.<\/p>

<\/p>

The Thursday morning rate of Dh498 represents a recovery but also leaves the market at a level that could attract significant attention from buyers and traders.<\/p>

<\/p>

Whether the metal moves back above Dh500 will depend largely on the performance of international gold prices.<\/p>

<\/p>

For now, the precious metal continues to trade in a market characterised by competing forces.<\/p>

<\/p>

The stronger dollar and elevated yields are creating headwinds, while rising ETF holdings, continued central bank purchases and the defence of key technical support levels are helping to underpin demand.<\/p>

<\/p>

With gold and silver both facing an uncertain global environment, investors are likely to continue watching currency movements, bond yields, fund flows and official-sector buying for clues about the next major move.\u00a0<\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

\n\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

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